=======================================================================
Re:   News Release - Monday, February 01, 2010
      Firestone Ventures Announces Results from Quetzal
      Zinc-Lead-Silver Project
=======================================================================

February 1, 2010 - Firestone Ventures Inc. (FV:TSX-V;F5V:FSE) is
pleased to announce high-grade zinc, lead and silver results from 120
rock samples collected on the Company's "Quetzal" property located 100
kilometres northeast of Guatemala City, Guatemala.  Grab rock samples
from outcrops and historic mine dumps contained up to 32% zinc, 2.8%
lead and 26 ppm silver.  Six continuous horizontal chip samples were
collected from a historic mine tunnel and stope.  The chip samples
ranged from 1.7 to 2.7 metres over 14.2 metres of tunnel walls and
averaged 18.5% zinc, 2.4% lead and 57 ppm silver over a vertical
mineralized zone varying in true width from 2 to 5 metres. 

"Our goal for 2010 is to find more zinc.  These excellent results from
one of our new properties represent the first modern exploration work
covering a historic zinc-lead-silver mining district in central
Guatemala.  The Quetzal property produced a small amount of zinc and
lead in the 1960s but has been dormant since then." says Lori Walton,
President of Firestone Ventures Inc. 

During November and December field crews conducted geological mapping,
surface and underground rock sampling and a soil survey in two areas of
interest on the Quetzal property. 

The first area of interest measures 300 x 400 metres and comprises a
group of eight short tunnels and one shaft.  Five surface rock samples
in this area contained 0.19% to 19.8% zinc, 0.14% to 2.3% lead and <0.1
to 73 ppm silver.  Firestone geologists were able to map and sample in
six of the tunnels and in the one shaft with an adjacent stope.

Shaft and Stope #5 Results
The shaft descended eight metres to a stope which extended 14 metres
north exposing a north-trending vertical zone of replacement-type
zinc-lead-silver mineralization.  The mineralization, consisting mainly
of smithsonite (zinc carbonate), iron oxides and galena varied in true
width from 2 to 5 metres.  Six continuous horizontal chip samples
ranging from 1.7 to 2.7 metres were collected over 14.2 metres of
tunnel walls and averaged 18.5% zinc, 2.4% lead and 57 ppm silver.
Individual chip sample values ranged from 12% to 22% zinc, 2.4% to 2.5%
lead and 14.2 to 110 ppm silver. 
 
Tunnels 11 and 12 Results
A mineralized zone 2 to 3 metres wide is exposed near the portal to the
tunnels.  The tunnels are caved 2 metres from the portal entrance.  A
one metre chip sample across the mineralized zone contained 15.3% zinc,
2.0% lead and 47.7 ppm silver.  A second chip sample returned 9.7%
zinc, 1.5% lead and 2.4 ppm silver across 2 metres.  One grab rock
sample from dump material contained 32% zinc, 2.8% lead and 26 ppm
silver.

Tunnel #6 Results
Ten chip samples were collected from a breccia and stockwork zone 6 to
8 metres in true width.  Six chip samples contained greater than 1.0%
zinc including two chip samples containing greater than 3.0% zinc.  A
chip sample across 1.4 metres contained 5.8% zinc, 0.7% lead and 0.8
ppm silver.  A 2.1 metre chip sample contained 3.21% zinc, 0.3% lead
and 1.1 ppm silver.  A grab sample from an ore pile contained 24% zinc,
2.4% lead and 32 ppm silver.

The second area of interest on the Quetzal property is located 400
metres to the north.  Three rock grab samples from outcrops and dumps
in the second area of interest contained 20.7% to 31.4% zinc, 1.7% to
2.4% lead, and 4 to 67 ppm silver.  None of the old workings in this
area are accessible, but surface alteration indicates a north-south
trending zone of zinc-lead mineralization about 20 metres wide. 

The geological setting (Permian dolomite and limestone), style and
grade of the mineralization at the Quetzal property are similar to the
mineralization at Firestone's Torlon Hill zinc-lead-silver deposit in
western Guatemala. 

Results from an extensive soil geochemical grid on the Quetzal property
are being compiled and drill targets will be identified in anticipation
of a drilling program to establish the horizontal and vertical extent
and grade of the zinc-lead-silver mineralization.

Rock samples were sent to the BSI Inspectorate facility in Guatemala
City for preparation and then sent by courier to the International
Plasma Labs Ltd. facility in Vancouver, British Columbia, Canada for
analysis using 30 element ICP and 30g FA/AAS.  The road-accessible
Quetzal property (380 hectares) is 100% owned by Firestone subject to a
2% NSR.

This news release has been reviewed and approved by John Cleary, (CPG),
Firestone's Vice President of Exploration and Qualified Person in
accordance with National Instrument 43-101 and by Al Workman, P.Geo.,
Vice President of Watts, Griffis and McOuat Limited and Independent
Qualified Person. 

Lori Walton, P. Geol., President     
Toll Free:  1-888-221-5588
Fax:  (780) 428-3476
info@firestoneventures.com
www.firestoneventures.com
Trading Symbol: FV:TSX-V;F5V: FSE

For Investor Relations please call:  Contact Financial Inc. at (604)
689-7422

This news release may contain forward looking statements, being
statements which are not historical facts, including, without
limitation, statements regarding potential mineralization, exploration
results, resource or reserve estimates, anticipated production or
results, sales, revenues, costs, "best-efforts" financings or
discussions of future plans and objectives. There can be no assurance
that such statements will prove accurate. Such statements are
necessarily based upon a number of estimates and assumptions that are
subject to numerous risks and uncertainties that could cause actual
results and future events to differ materially from those anticipated
or projected. Important factors that could cause actual results to
differ materially from the Company's expectations are in Company
documents filed from time to time with the TSX Venture Exchange and
provincial securities regulators, most of which are available at
www.sedar.com. The Company disclaims any intention or obligation to
revise or update such statements.  Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.

=======================================================================
Copyright (c) 2010 FIRESTONE VENTURES INC. (FV)  All rights reserved.
For more information visit our website at
http://www.firestoneventures.com/ or send
mailto:info@firestoneventures.com
=======================================================================
.