Firesteel Appoints Wakula Special Advisor to the Board



    VANCOUVER, Sept. 5 /CNW/ - Firesteel Resources Inc. (FTR - TSX:V) is
pleased to announce the appointment of Mr. Walter Wakula, BComm, MBA, ICD.D of
Calgary, Alberta as Special Advisor to the board of directors. He has been
retained at this time pending his appointment as an officer and, subject to
shareholder approval, as a director of the Company at its annual meeting on
September 25, 2007. Mr. Wakula will help launch the oil sands business through
the Company's Blacksteel Oil Sands subsidiary, will obtain financing for the
Copper Creek and oil sands projects and will assist Firesteel's management
with the next phase of its development.
    Mr. Wakula has over 25 years of experience as a senior executive and as a
corporate director in the oil, gas, energy and banking industries. He has
acted as a corporate CEO, CFO, board chair and as senior advisor to government
ministries and to businesses in transition, typically to the next stage of
growth. He has sourced capital globally for operations in six countries and
led numerous financing, M&A and other project initiatives.
    Educated at the University of Manitoba and the University of Calgary,
Wakula studied engineering, computer science and business. He holds a Bachelor
of Commerce degree in accounting and an MBA in finance and is a certified
corporate director holding the Institute of Corporate Directors' ICD.D
designation.
    Wakula is currently a director and chair of Eric Technologies
Corporation, a biotech company, chair of Foothills Global Capital Group Inc.,
a private equity group, serves as a director on several other corporate and
non profit boards and serves on the Senate of the University of Calgary. He is
a member of the Financial Executives International, the Institute of Corporate
Directors, the University of Calgary Engineering Faculty Council and Calgary's
Ranchmen's Club. Walter has two adult daughters, three grandsons and is an
active traveller, skier, cyclist, hiker and swimmer.

    Firesteel is a junior exploration company which explores for and develops
quality precious and base metal prospects in British Columbia, the NWT and
Mexico and oil sands properties in Alberta. The company has been actively
drilling and trenching on its Copper Creek property in northern British
Columbia with excellent results. Firesteel has also entered the oil sands
business with the acquisition of leases in the Peace River area of northern
Alberta through its Blacksteel Oil Sands subsidiary.

    ON BEHALF OF THE BOARD OF DIRECTORS OF
    FIRESTEEL RE

SOURCES INC. "Donald J. Barker" --------------------------- Donald J. Barker, President The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Forward-looking Information: Certain statements may constitute forward-looking statements. Such forward-looking statements involve risks, uncertainties and other factors, which may cause actual results, performance or achievements of the Corporation to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. %SEDAR: 00004336E

For further information:

For further information: Please contact us at (604) 669-5768,
1-888-669-5768 or visit our web site at www.firesteelresources.com

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Firesteel Resources Inc.

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