======================================================================
Firestone Ventures Commences Drilling at Torlon Hill Zinc-Lead
Project
======================================================================
January 18, 2008 - Firestone Ventures Inc. (FV:TSX-V;F5V:FSE) is
pleased to announce the commencement of the 2008 winter drilling
program at the Company's Torlon Hill zinc-lead-silver project in
Guatemala. The $1.8 million approved budget for this year will include
35 to 45 drill holes comprising 3700 metres, soil sampling,
prospecting, environmental baseline work and regional exploration.
"We have expanded the scope of our drilling beyond the successes
achieved during 2006-2007 which greatly expanded the size of the
mineralized zone. To date, less than 30% of Torlon Hill area has been
drilled. We are eager to see if the zinc-lead soil anomalies defined to
date do reflect buried zinc-lead mineralization that would extend the
known zones or are related to new blind zones," says Lori Walton,
President of Firestone Ventures Inc.
Drilling will begin with in-fill holes north and directly west of the
previously drilled area, then move south to complete expansion holes
adjacent to the mineralized zone, and lastly, exploration holes will be
drilled to test zinc-lead soil anomalies south of the main area of
mineralization.
Results are still pending from soil and rock sampling conducted at
Torlon Hill in November, 2007. Metallurgical testing of a 200 kg
sampling of Torlon mineralization is underway at SGS Lakefield
Research. Final results are expected in early 2008.
Mineralization at the intensely oxidized Torlon Hill deposit consists
largely of smithsonite (a zinc carbonate mineral) replacing limestone,
cross-cut by galena (lead sulphide) veinlets and contained within a
shallowly southeast-dipping body measuring approximately 400 metres
long, 20 to 100 metres wide and up to 30 metres thick. Previous
high-grade drill intersections include 25 metres of 26.77% zinc, 1.42%
lead, 5.98 g/t silver and 53.3 metres of 9.66% zinc, 1.86% lead and
12.21 g/t silver (see news release dated Oct. 4, 2007). Most
mineralization defined by drilling to date occurs on or near surface.
The deposit is still open to expansion, mainly to the west and south.
The road-accessible Torlon Hill project is located 18 kilometers
northwest of the city of Huehuetenango, which is situated on the
Pan-American Highway in western Guatemala.
This news release has been reviewed and approved by John Cleary, (CPG)
Qualified Person and by Al Workman, P.Geo., Vice President of Watts,
Griffis and McOuat Limited.
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
www.firestoneventures.com
Toll Free: 1-888-221-5588
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
======================================================================
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
======================================================================
.