======================================================================= Re: News Release - Monday, January 23, 2012 Firestone Ventures Announces Country Manager for Guatemala Operations ======================================================================= January 23, 2012 - Firestone Ventures Inc.

("Firestone") (FV:TSX-V; F5V:FSE) is pleased to announce the appointment of Dr.

Alfredo Sinibaldi as Country Manager for Firestones Guatemala operations. "Dr.

Sinibaldi has been a consultant for Firestone since 2010.

His knowledge of the countrys social, economical and geological framework will facilitate the advancement of our zinc-lead-silver exploration and development projects in Guatemala." says Lori Walton, President of Firestone Ventures Inc. Dr.

Sinibaldi is a Guatemalan geologist with over 15 years of experience in the oil and gas and mineral exploration industry in Guatemala and has held managerial positions in various national and international companies operating in Guatemala.

He has held several advisory roles and director appointments, not only in the industry but also in the Guatemalan Government executive and legislative branches and in the University of San Carlos of Guatemala where he was Professor and Director of the School of Chemistry.

Dr.

Sinibaldi holds a PhD and MSc from the School of Geology and Geophysics at The University of Oklahoma as well as a MBA from York University, California.

The Louisiana State Senate appointed Dr.

Sinibaldi as a Honorary Senator of the State of Louisiana in recognition of his involvement in the development of the Oil and Gas industry in Guatemala.

Dr.

Sinibaldi served as President (2006) and Vice President (2007) of the Guatemalan Geological Society and in 2010 served as Academic Secretary in the Organizing Committee of the Central American Geological Congress that was held in Antigua, Guatemala. Firestone Ventures is a mineral exploration company focused on finding and developing zinc-lead-silver deposits in Guatemala, Central America. Firestone owns a core zinc deposit, Torlon Hill, in western Guatemala and has first mover status in accumulating a substantial land portfolio in a historical carbonate-hosted zinc-lead-silver belt extending for 250 km across Guatemala. Lori Walton, P.

Geol., President Toll Free: 1-888-221-5588 Fax: (780) 428-3476 www.firestoneventures.com Trading Symbol: FV:TSX-V; F5V: FSE 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, "bestefforts" 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 Companys 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 unless required by law.

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) 2012 FIRESTONE VENTURES INC.

(FV) All rights reserved.

For more information visit our website at http://www.firestoneventures.com/ or send mailto: =======================================================================