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Firestone Ventures Reports New Uranium Targets at Alberta Sun
Project
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Feb 28, 2008- Firestone Ventures Inc. (FV:TSX-V, F5V:FSE) is pleased to
announce that sophisticated geophysical modeling of the initial dataset
from the Company's airborne geophysical survey was successful in
identifying buried stream channels on four priority areas at the
Alberta Sun uranium project, southwestern Alberta.

'We are very pleased to show results from a non-invasive exploration
tool that identifies the location of buried stream channels. These
channels may be suitable hosts for sandstone-hosted (roll-front)
uranium deposits," says Lori Walton, President of Firestone Ventures
Inc. "We are especially excited to note conductive trends on two of the
properties and signs of an oxidation-reduction front, critical for
roll-front style uranium deposit formation."

The objective of the airborne geophysical survey was to identify
pre-glacial paleovalleys (buried stream channels) on four priority
areas covering favorable stratigraphic, hydrological and structural
settings. A 2,384 line kilometer electromagnetic and magnetic survey
was completed last spring by Fugro Airborne Surveys (see News Release
dated April 18, 2007). TerraNotes Ltd. of Edmonton, Alberta then
carried out "Radarsat Imaging Analysis" and interpretation of
preliminary data, followed by sophisticated modeling of the airborne
survey dataset (maps are available at www.firestoneventures.com).

The Alberta Sun uranium property (covering over 115,000 acres) is
underlain by Cretaceous to Tertiary marine and non-marine sandstones
and tuffs. The geological target is sandstone-hosted "roll-front"
uranium similar to deposits in Wyoming and northern Texas. Results of
initial fieldwork at the Company's project include scintillometer
readings of up to 1,250 cps (counts per second), visible alteration,
shale beds and abundant hematite and carbonaceous material within the
sandstone unit. Composite grab samples of isolated organic debris
material returned up to 7,640 ppm uranium (0.901% U3O8). Grab samples
of sandstone from a separate area 40 km southeast returned 57 to 150
ppm uranium. Elevated vanadium, molybdenum, arsenic, and lead values,
important indicators of sandstone-hosted uranium, occur at both areas
(see previous News Releases available at www.firestoneventures.com).

This news release has been reviewed by Carl Schulze, B.Sc., PGeo.,
Qualified Person for the project in accordance with regulations under
National Instrument 43-101. Black Hawk Exploration is the operator of
the Alberta Sun project, under the terms of formal option agreement
whereby Black Hawk may earn up to a 75% interest in Firestone's Alberta
Sun project (see News Release dated July 15, 2007).

Firestone Ventures Inc. is a well-financed Canadian-based resource
exploration and development company with zinc, gold and uranium
projects in Western Canada and Central America. The common shares of
the Company are currently listed on the TSX Venture Exchange (symbol
FV) and the Frankfurt Stock Exchange (symbol F5V). For further
information please contact:

Lori Walton, P. Geol., President
info@firestoneventures.com

Toll Free: 1-888-221-5588
www.firestoneventures.com

Fax: (780) 428-3476
Trading Symbol: FV: TSX-V; F5V: FSE

For Investor Relations please call: Contact Financial Inc. at (604)
689-7422 Investors can also visit www.agoracom.com/IR/Firestone or
email questions to FV@agoracom.com.

The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release

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Copyright (c) 2008 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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