Mr. Michael Hepworth reports

FIRESTEEL RESOURCES INC. ANNOUNCES REPRICING OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENTS

Firesteel Resources Inc. has made amendments to the terms of its previously announced private placement offerings of up to $2-million in convertible debentures with a coupon of 9 per cent and up to $2-million in units, with each unit consisting of one common share in the capital of the company and one-half of one common share purchase warrant in the capital of the company.

The debentures will mature on June 30, 2020. Each debenture will have a face value of $1,000 and the conversion price has been decreased from 12 cents per common share to 10 cents per common share, such that each debenture will now be convertible into 10,000 common shares. The company can force conversion if its common shares trade above 25 cents for more than 20 consecutive days.

The securities will be RRSP eligible.

The terms of the units have been revised by the reduction in the price of the units from 10 cents per unit to 7.5 cents per unit, with each whole warrant exercisable into one common share for a period of two years after the closing date of the unit offering, with the exercise price reduced from 20 cents per share to 15 cents per share.

The net proceeds of the offerings will be used to complete Firesteel's first option to acquire 10 per cent of Nordic Mines Marknad and for general working capital. All securities issued in connection with the offerings will be subject to a statutory four-month hold period. Completion of the offerings is subject to receipt of the approval of the TSX Venture Exchange.

About Firesteel Resources Inc.

Firesteel is an exploration-stage junior mining company engaged in the acquisition and exploration of prospective precious and base metal properties in Canada and stable jurisdictions around the world.

On April 7, 2017, Firesteel announced the signing of heads of agreement for an option to acquire 100 per cent of Nordic Mines Marnad, a wholly owned subsidiary of Nordic Mines AB. Nordic Mines Marknad owns 100 per cent of Nordic Mines OY, the operator of the fully permitted and past-producing Laiva mine near Raahe in Finland.

We seek Safe Harbor.