FSE - Firestone Energy Limited - Voluntary suspension

FSE - Firestone Energy Limited - Voluntary suspension                           
FIRESTONE ENERGY LIMITED                                                        
(Incorporated in Australia)                                                     
(Registration number ABN 058 436 794)                                           
Share code on the JSE Limited: FSE                                              
Share code on the ASX: FSE                                                      
ISIN: AU000000FSE6                                                              
(SA company registration number 2008/023973/10)                                 
("FSE" or "the Company")                                                        
VOLUNTARY SUSPENSION                                                            
Further to the trading halt requested by the Company on 30 April 2012,          
Firestone Energy Limited ("FSE" or the "Company") requests that it be           
placed into voluntary suspension of its securities with immediate effect        
as the Company is not yet in a position to announce the proposed capital        
restructuring to the market.                                                    
In accordance with ASX listing rule 17.2, the Company advises that:             
*    it is seeking voluntary suspension pending an announcement on the          
    capital restructuring of the Company and FSE considers that it will         
    be in a position to make the announcement by no later than open of          
trade on Monday 7 May 2012 ;                                                
*    the event that the Company expects will end the voluntary                  
    suspension is the release of an announcement in relation to the             
    capital restructuring of the Company;                                       
*    it is not aware of any reason why the voluntary suspension should          
    not be granted; and                                                         
*    it is not aware of any information necessary to inform the market          
    about the suspension."                                                      
The Company has therefore requested the JSE to also suspend the trading         
in the Company`s securities until an announcement is published which is         
expected to be no later than Monday, 7 May 2012.                                
Firestone Energy Limited                                                        
Sponsor                                                                         
River Group                                                                     
02 May 2012                                                                     
Date: 02/05/2012 08:55:02 Supplied by www.sharenet.co.za                     
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