Firestone Diamonds

Corporate

With the growth in the Company's mining and exploration project portfolio over
the past year and the further expansion now being planned, we recently decided
to create the position of Chief Operating Officer, with responsibility for
managing all operational aspects of the company's portfolio of mining and
exploration projects. Tim Wilkes has been promoted to this position, and we
expect him to play a central role in helping Firestone to achieve its objective
of becoming a leading mid-tier diamond mining and exploration company.

In October 2005, the Company further expanded its interests in Botswana through
the acquisition of a 7.28% interest in African Diamonds plc. African Diamonds
has a joint venture with De Beers in the Orapa region, over ground which adjoins
Firestone's Orapa and Mopipi projects.