Toronto, Ontario--(Newsfile Corp. - August 6, 2026) - Firestone Ventures Inc. (TSXV: FV.H) (FSE: F5V1) ("Firestone " or the "Company") announces that it has elected to move to semi-annual financial reporting ("SAR") pursuant to Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for certain Venture Issuers made by the Ontario Securities Commission (the "Blanket Order"). On a pilot project basis, the Blanket Order exempts eligible venture issuers, on a voluntary basis, from the requirement to file an interim financial report and related Management's Discussion & Analysis ("MD&A") for each of the first quarter and third quarter periods of a financial year. Accordingly, the Company will not file an interim financial report or a MD&A for the first quarter ending June 30 and the third quarter ending December 31, the Company's fiscal year end being on March 31. The Company will continue to file audited financial statements (due within 120 days of March 31) and six-month interim financial reports (due within 60 days of September 30). The Company confirms that it meets all eligibility criteria of the SAR pilot project as it is a venture issuer having annual revenues of less than $10 million, having a disclosure record of over 12 months, and having filed all required periodic and timely continuous disclosure documents. The first period for which the Company will not file an interim financial report and related MD&A will be for the three-month period ended June 30, 2026.

About Firestone

Firestone is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests. After many years of examining potential projects, the Company is being revitalized to pursue an exciting venture in carbon storage.

The Company website www.firestoneventures.com is currently under construction. Historical information on Firestone is available at www.sedarplus.ca.

For further information, please contact:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management's current expectations and assumptions. The forward-looking information includes Firestone's objectives, goals or future plans, statements, exploration results, potential mineralization, the tonnage and grade of mineralization which has the potential for economic extraction and processing, the merits and effectiveness of known process and recovery methods, the corporation's portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations, the commencement of any drill program and estimates of market conditions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to Firestone, including the assumption that, there will be no material adverse change in metal prices, all necessary consents, licenses, permits and approvals will be obtained, including various local government licenses and the market. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things: failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; the inability to recover and process mineralization using known mining methods; the presence of deleterious mineralization or the inability to process mineralization in an environmentally acceptable manner; commodity prices, supply chain disruptions, restrictions on labour and workplace attendance and local and international travel; a failure to obtain or delays in obtaining the required regulatory licenses, permits, approvals and consents; an inability to access financing as needed; a general economic downturn, a volatile stock price, labour strikes, political unrest, changes in the mining regulatory regime governing Firestone; a failure to comply with environmental regulations; a weakening of market and industry reliance on precious metals and base metals; and those risks set out in the Company's public documents filed on SEDAR+. Firestone cautions the reader that the above list of risk factors is not exhaustive. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308496