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EDMONTON, ALBERTA, Jul 4, 2007 -- Firestone Ventures Inc. (TSX VENTURE:FV)(FRANKFURT:F5V)

is pleased to announce that its $1.5 million drilling exploration program on the Company's Sonora gold-silver-copper property in Yukon Territory, Canada is proceeding on schedule. The crew has mobilized on to the property with drilling expected to begin shortly. The 5,244 hectare (12,952 acre) Sonora property is located within 25 kilometres of a seasonal access road and within 40 kilometres of Sherwood Copper's Minto copper-gold project, currently in production. The 2,400-meter drill program is designed to expand upon a high-grade gold discovery intercept of 6.21 g/t gold and 3.0 g/t silver across 15.3 metres, open at depth, discovered during its Autumn 2006 diamond drilling program (see news release dated Jan. 15, 2007) and to test additional anomalies on the property. The new discovery intercept, from the "Amadeus Zone", includes a sub-interval of 12.19 g/t gold and 4.8 g/t silver across 5.0 metres. Other drill intersections from the 2006 drill campaign include: 19.9 metres of 0.321 g/t gold and 50.1 g/t silver, and 4.5 metres of 3.60 g/t gold and 14.6 g/t silver. In addition, the 2007 program will include reconnaissance geological mapping, prospecting and geochemical sampling on the recently expanded Sonora property and on the new "Chopin" claimblock covering the Pitts and Panther historical mineral occurrences, having a similar geochemical signature to the Amadeus Zone. "The crew has completed extensive safety training and we are excited about beginning the 2007 exploration season at the Sonora project. The Dawson Range area in Yukon Territory is a rich mineral belt containing gold, copper, silver and molybdenum. The start of production at the Minto Mine, just 40 km from Sonora, and the planning for a new transmission power line are all positive developments for the area," says Lori Walton, President of Firestone Ventures Inc. Details, including planned drill hole locations, will be released when drilling commences. A map showing major mineralized zones and anomalies, and previous drill hole locations, is available at www.firestoneventures.com. Firestone is earning in for an 80% interest in the Sonora property. 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). Contact Info: Firestone Ventures Inc. Lori Walton, P. Geol. President Toll Free: 1-888-221-5588 (780) 428-3476 (FAX) Email: info@firestoneventures.com Website: www.firestoneventures.com Contact Financial Inc. Investor Relations (604) 689-7422 Email: FV@agoracom.com Website: www.agoracom.com/IR/Firestone