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      Firestone Ventures Acquires Antelope Zinc-Lead-Silver Oxide
      Property, Nevada
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Jan. 12,  2010 - Firestone Ventures Inc. ("Firestone" or the "Company")
(FV:TSX-V; F5V:FSE) is pleased to announce that it has signed formal
agreements with two underlying vendors to earn a 100% interest in the
58.5 hectare Antelope zinc-lead-silver oxide project located  75 km
southwest of Eureka, Nevada, U.S.A. 
 
"The road-accessible Antelope project presents Firestone with a
promising zinc oxide project in one of the most mining-friendly
jurisdictions in the world.  This is an early stage exploration
project, but with our in-house expertise in zinc oxide exploration we
can efficiently evaluate the zinc tonnage potential of Antelope," says
Lori Walton, President of Firestone Ventures Inc.  "Although our focus
will remain in Guatemala we are excited about the possibility of adding
to our Company's zinc tonnage through identification of base metal
resources on an international scale."

Zinc mineralization hosted in lower Ordovician Hanson Creek Formation
was discovered on the Antelope property in the 1980's followed by
reverse circulation drilling between 1985 and 1990.  Since then,
intermittent geologic mapping and geochemical sampling was carried out
by various parties.  Zinc mineralization (smithsonite with minor
sphalerite and galena) is exposed in a 15 metre long trench trending
east-west and in a series of prospect pits over a 1.2 kilometre window
of outcropping Paleozoic limestone. 

During a due diligence visit by Firestone in August, 2009, five
continuous chip samples were collected from smithsonite exposed at the
bottom of the 15 metre long trench.  The five chip samples (each sample
taken over 3 metres) contained from 22.3% to 32% zinc and from 1.51% to
3% lead over 15 metres.  The orientation of the smithsonite exposed in
the trench is unknown.  The highest silver value was 2.6 grams/tonne. 

Eight additional rock chip samples were collected on the property.  Six
of the eight chip samples ranging from 1.0 metre to 3.0 metres returned
zinc values of over 5.5% up to a maximum value of 20.7%.  Seven of the
eight chip samples returned lead values over 1,000 ppm (0.10%) up to a
maximum value of 2.4% lead.  Silver values were generally low (less
than 1.4 grams/tonne).

Zinc mineralization at Antelope is a replacement of carbonate rocks,
similar to the Company's Torlon Hill zinc-lead-silver deposit in
Guatemala.  Firestone is compiling and re-interpreting historic data
sets and plans to design a surface exploration program that will define
potential drill targets.

Terms of the Agreement
Under the terms of the Lease Option Agreement with the first underlying
vendor to earn 100% interest in six of the lode mineral claims
comprising the Antelope property, Firestone must make cash payments to
the vendor totalling USD$83,340 over five years according to the
following schedule (all amounts in U.S Dollars); $5,840 on signing,
$7,500 by Year One Anniversary, $10,000 by Year Two Anniversary,
$15,000 by Year Three Anniversary, $20,000 by Year Four Anniversary and
$25,000 by the end of Year Five, and in subsequent years as an advance
royalty.  In addition, Firestone must incur $10,000 in exploration
expenditures during Year One, $15,000 during Year Two and $25,000 in
Year Three and subsequent Years.  A 2% Net Smelter Returns Royalty is
reserved for the owner, of which half may be purchased anytime by
Firestone for USD $1.5 million.  If Firestone purchases the owner's
first 1% NSR, Firestone then has the option to purchase the remaining
1% NSR for $1.5 million. 

In addition, Firestone has entered into a Lease Option Agreement with a
second vendor to earn a 100% interest in one overlapping lode mineral
claim covering the main mineralized zone.  Under the terms of the
Agreement, Firestone must issue to the underlying vendor cash payments
totalling $82,500 over five years according to the following schedule;
$5,000 on signing, $7,500 by Year One Anniversary, $10,000 by Year Two
Anniversary, $15,000 by Year Three Anniversary, $20,000 by Year Four
Anniversary and $25,000 by the end of Year Five and in subsequent years
as an advance royalty.  A 2% NSR is reserved for the owner.  Firestone
can purchase the owner's NSR anytime for $2.0 million.

All rock samples were analyzed by the Inspectorate Lab in Sparks,
Nevada using 30 element ICP, AA for Pb, Cu and Zn and FA/AA for gold
and silver.

John Cleary, (CPG), Firestone's Vice President Exploration and
Qualified Person in accordance with National Instrument 43-101 has
reviewed and approved the technical content of this news release. 

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.

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