Firestone Ventures Finalizes Agreement on Alberta Sun Uranium Project

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Re: News Release - Friday, June 15, 2007
Firestone Ventures Finalizes Agreement on Alberta Sun Uranium
Project
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June 15, 2007 -- Firestone Ventures Inc. (FV: TSX-V;F5V: FSE) is
pleased to announce that Firestone and Black Hawk Exploration
(OTCBB:BHWX) have signed a formal option agreement whereby Black Hawk
may earn up to a 75% interest in Firestone's Alberta Sun uranium
project located in southwestern Alberta, Canada. Black Hawk
Exploration is a junior resource company focused on the acquisition and
development of quality uranium projects.

"We are very pleased to work with Black Hawk Exploration on the Alberta
Sun project," says Lori Walton, President of Firestone Ventures Inc.
"This agreement will ensure the advancement of Alberta Sun while
allowing us to focus on our upcoming summer, 2007 drill program at
Sonora, Yukon Territory, Canada and increase resources available for
our Torlon Hill high-grade zinc project in Guatemala."

"With the spot price of uranium at record high levels, we are pleased
to have acquired such a large land position in a very prospective area
for roll-front uranium deposits," says Andrew von Kursell, President of
Black Hawk Exploration. "The Alberta Sun uranium property was selected
because of the large land package, favorable geology, known uranium
deposit indicators, excellent access and the positive business climate
in Alberta."

The Alberta Sun uranium property (covering over 200,000 acres) is
characterized by easy access across southern Alberta rangeland.
Results of initial fieldwork on the project include scintillometer
readings of up to 1250 cps (counts per second), visible alteration,
shale beds and abundant hematite and carbonaceous material within
sandstone. Composite grab samples of isolated organic debris material
returned up to 7640 ppm uranium (0.901 (see previous News Releases
available at www.firestoneventures.com).

A 2,384 line kilometer electromagnetic and magnetic airborne survey
over four priority areas has been completed. TerraNotes Ltd. of
Edmonton is carrying out initial analysis of the survey to be followed
by sophisticated modeling of the dataset which should delineate
high-priority areas for drilling.

Under the terms of the agreement, Black Hawk can earn a 60% interest by
paying Firestone a total of $210,000 cash (completed) and issuing
135,000 shares on signing (completed) and paying an additional $70,000
cash, issuing 270,000 shares and incurring $700,000 in exploration
expenditures over the next two years. Black Hawk can earn an
additional 15% interest by paying Firestone $100,000, issuing Firestone
400,000 common shares and incurring another $1 million in exploration
expenditures over the following two years. Firestone will retain a 1%
net smelter royalty ("NSR") of which 0.5% can be purchased by Black
Hawk for $500,000 at any time. There is an additional 1% NSR to the
underlying property owners. Black Hawk will be the project operator.

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
Toll Free: 1-888-221-5588
Fax: (780) 428-3476
info@firestoneventures.com
www.firestoneventures.com
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

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Copyright (c) 2007 FIRESTONE VENTURES INC. (FV) All rights reserved.
For more information visit our website at
http://www.firestoneventures.com/ or send
mailto:returns@firestoneventures.com
Message sent on Thu Jun 14, 2007 at 10:29:05 PM Pacific Time
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