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| | Fri Feb 27, 2004
Firestone Announces Cancellation of Four Corners Option
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| | VANCOUVER, Feb 27 - Firestone Ventures Inc. (FV:TSX-VEN) announces that given recent property acquisitions prospective for gold and a desire to focus its emerald exploration efforts on the four Finlayson claim blocks and particularly on the Straw-Lion Property claims in which Firestone can earn a 60% interest, Firestone has terminated its January 30, 2003 Mineral Property Options Agreement with Strategic Metals Ltd. Under that agreement, as amended, Firestone was granted by Strategic an option to earn a 50% interest in the Four Corners Project, Watson Lake Mining District, Yukon, in return for advancing a minimum of $600,000 for exploration and development work on the property by May 1, 2006 of which $150,000 was advanced to date.
On behalf of the Board
"Dr. Ken Powell"
Chairman and President
For further information please contact Jim Porter, Chief Financial Officer and Director at (604) 681-6638 or jporter@firestoneventures.com. Also see http://www.firestoneventures.com
THE TSX VENTURE EXCHANGE HAS IN NO WAY PASSED UPON THE MERITS OF THE CONTENTS AND HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENT OF THIS RELEASE. THE COMPANY RELIES ON LITIGATION PROTECTION FOR FORWARD-LOOKING STATEMENTS. |
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