======================================================================
Update on Firestone Ventures 2008 Drilling Program at Torlon Hill
Zinc-Lead Project, Guatemala
======================================================================
February 26, 2008 -- Firestone Ventures Inc. (FV:TSX-V, F5V:FSE) is
pleased to announce the completion of the first 14 core drill holes
(totalling 1,240 metres) of the 3,700 metre winter 2007/2008 drill
campaign at the Company's Torlon Hill zinc-lead-silver project in
Guatemala.
"Drilling is on-schedule and proceeding rapidly. We are regularly
shipping drill core samples for preparation and analysis," says Lori
Walton, President of Firestone Ventures. "We are drilling the northern
part of the deposit with mainly in-fill holes and step-out holes. In
April the drill will move further south along the trend of the
mineralization to drill test areas having strong zinc-lead geochemical
soil anomalies."
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% 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).
A total of 6,176 metres has been drilled to date at Torlon Hill. Most
zinc-lead mineralization defined by drilling occurs on or near surface.
The deposit is still open to expansion, mainly to the west and south.
A total of $1.8 million has been allocated to the winter 2007/2008
exploration program which includes diamond drilling, detailed
geological mapping, geochemical soil sampling, prospecting and ongoing
environmental baseline studies. A drill hole location map is available
at www.firestoneventures.com, along with previous drill results, news
releases, a longitudinal section sketch, FAQ sheet and photos. The
road-accessible Torlon Hill project is located 18 kilometres 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
======================================================================
.