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	Wed Oct 20, 2004 Firestone Ventures Exploration Update
	Morris Gold-Silver-Antimony Property - British Columbia (Oct. 20, 2004) - Firestone Ventures (FV: TSX-V) is pleased to announce additional results from the Morris gold-silver-antimony project, located 110km southwest of Williams Lake, British Columbia, Canada. Initial results from Firestone's 2004 surface exploration program are described in Firestone's Sept. 2, 2004 Press Release available at: www.firestoneventures.com. Carl Schulze, PGeo, Firestone's Qualified Person for the Morris project has reviewed and verified the latest results. A total of 82 rock samples were collected across known and newly discovered gold-silver-bearing quartz-antimony-arsenic veins. Ten of the samples returned greater than 1% antimony, to a maximum of 32.7% antimony. The most significant results, in terms of precious metal, arsenic and antimony content, are given below: Table 2: Morris Property Gold-Silver-Arsenic-Antimony Results ----------------------------------------------------------------------- Sample Type of Gold Silver Location Number Sample (g/t) (g/t) Arsenic* Antimony* ----------------------------------------------------------------------- No. 1 Vein 268084 1.0m chip 5.56 439 4.4% 3.39% ----------------------------------------------------------------------- 268085 1.0m chip 0.33 6.8 857 ppm 140 ppm ----------------------------------------------------------------------- 268110 1.1m chip 15.2 383 8240 ppm 13.55% ----------------------------------------------------------------------- No. 2 Vein 268142 5m chip 9.57 78.3 3.56% 1590 ppm ----------------------------------------------------------------------- 268143 0.2m chip 16.8 125 6.51% 887ppm ----------------------------------------------------------------------- 268144 0.1m chip 11.05 192 3.63% 627ppm ----------------------------------------------------------------------- 268146 1.1m chip 9.79 1.46 1.52% 2.07% ----------------------------------------------------------------------- 268139 Grab 66.2 449 14.65% 1.33% ----------------------------------------------------------------------- 268140 Grab 55.6 260 9.92% 3190 ppm ----------------------------------------------------------------------- 268141 Grab 3.64 412 280 ppm 16.45% ----------------------------------------------------------------------- 268147 Grab 90.4 1390 7.9% 3.33% ----------------------------------------------------------------------- 268148 Grab 2.55 222 2.12% 1.4% ----------------------------------------------------------------------- New Quartz Vein 268117 Composite Grab 0.371 8.9 857 ppm 240 ppm ----------------------------------------------------------------------- 268119 Grab 0.603 0.8 4160 ppm 47 ppm ----------------------------------------------------------------------- 268120 Grab 0.487 26.1 723 ppm 1275 ppm ----------------------------------------------------------------------- 268121 Grab 0.366 3.1 21ppm 32.7% ----------------------------------------------------------------------- 268122 Grab 0.525 1.6 1.04% 2.33% ----------------------------------------------------------------------- 268064 Grab 1.76 9.7 3540 ppm 6.42% ----------------------------------------------------------------------- * 1% = 10,000 ppm "We have to evaluate the high-grade nature of the Morris veins, their location and the antimony content given the current high price of antimony," said Lori Walton, Firestone's Vice-President, Exploration. "We will know by the end of the year whether additional work is warranted on the Morris property." Straw Property - Yukon Territory A total of 76 man-days were spent conducting detailed site specific emerald exploration on the Straw/Lion property in the Finlayson area, Yukon Territory, Canada by a three-to-four person crew between August 7 and September 2. No emerald mineralization was found, although a moderate to strong copper-cobalt soil anomaly was defined. Bill Wengyznowski, P.Eng. supervised the exploration and is Firestone's Qualified Person for the Finlayson area project as defined under NI 43-101. He has reviewed and verified the results in this press release. The focus of the 2004 fieldwork was on the Neptune Zone, identified in 2003 as the most prospective for hosting emerald mineralization (see previous press releases, fact sheet and photos on www.firestoneventures.com). In 2004, four grids (A to D) were established on the Neptune Zone to test coincident beryllium and chromium soil geochemical anomalies in conjunction with favourable geology, alteration and structure. Pits were excavated by hand and measured roughly 1 by 1m across and ranged from 1 to 1.5m deep. Approximately 20 kg of material was collected from a combination of the walls and base of each pit and then processed on-site for beryl and emerald mineralization through a series of graduated screens. Emerald is the green gem variety of the mineral beryl. Grids A-C in the central and northern portion of the Neptune Zone are centered on beryllium (up to 22.9 ppm) and chromium (up to 607 ppm) soil geochemical anomalies. There is coincident emerald accessory mineralization such as tourmalinized golden schist and quart-tourmaline vein material. Table 2: Description of Grids on the Neptune Zone, Straw Property --------------------------------------------- Size of Grid Pit Spacing Number --------------------------------------------- Grid A 50m by 50m 10m spacing 20 pits --------------------------------------------- Grid B 50m by 50m 10m spacing 15 pits --------------------------------------------- Grid C 50m by 50m 10-20m spacing 15 pits --------------------------------------------- Grid D explored a larger area. A total of 108 pits were excavated along a recessive weathering, south facing bench soloflucting abundant golden-weathering tourmalinized schist slabs and fragments plus abundant quartz-tourmaline vein float. The majority of these pits were spaced 10m apart irregularly along the bench for roughly 260m and across widths up to 60m. Several infill pits to 5m spacing were dug where favourable emerald indicator mineralogy was abundant. Lastly, four pits were excavated around a tungsten soil geochemical anomaly (>10 ppm) on the Neptune Zone and three pits were dug in the vicinity of a chromium geochemical anomaly exceeding 1100 ppm. In addition, both the Neptune and Trident Zones were prospected for emerald, precious metal and base metal mineralization. A total of 165 pits were dug. A composite soil sample was taken from the lower portions of each handpit and submitted to ALS Chemex in North Vancouver and analyzed using the near total digestion technique ME-MS61. Samples from Grid A through C returned anomalous values for copper, generally >250 ppm with one to three sites from each grid exceeding 500 ppm. Cobalt values ranged from 31 to 162 ppm. Soil samples from Grid D returned elevated copper (>250 ppm) with localized clusters exceeding 500 ppm to a maximum of 1800 ppm. The highest copper value coincides with the highest cobalt response of 223 ppm. A total of 64 soil samples were selected for gold analyses; results were generally low (<100 ppb) with one sample yielding 221 ppb gold. "Given our proximity to the Kona copper-cobalt-gold deposit, we were very cognizant of the potential for base metal mineralization," said Walton. "We were pleased to discover a moderate to strong copper-cobalt signature in the pitted area which largely coincides with zones of hydrothermal alteration. Although the geology, mineralogy and geochemistry of the Neptune Zone are very prospective for emerald mineralization, our very experienced field crew did not identify any emerald or beryl on surface or from pit material. We will be reviewing the results with our joint venture partners, True North Gems Inc., to determine whether additional exploration is warranted on the property." Firestone Ventures Inc. is a public company listed on the TSX-Venture Exchange. The company's mandate is the acquisition and exploration of a diverse portfolio of high quality precious metal, base metal and gemstone properties. For further information please contact: Lori Walton, VP Exploration and Business Development Toll Free: 1-888-221-5588, Fax: 1-780-428-3476 info@firestoneventures.com www.firestoneventures.com. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release

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