FOR IMMEDIATE RELEASE

March 3. 2011: Firesteel Resources Inc. (TSXV:FTR) ("Firesteel" or the "Company") welcomes the announcement of approval for the northwest transmission line to proximity with its ROK-Coyote Property, is pleased to announce the appointment of Mr. Jacques Soroka to the Board of Directors of the Company and announces the award of stock options.

Firesteel welcomes the announcement of provincial approval for the Northwest Transmission Line project. The 344 kilometer 287 kilovolt power line will provide power to British Columbia's northwest region along the Highway 37 corridor north of Terrace. The Company's ROK-Coyote property ("Property"), which has been optioned to Lions Gate Metals Inc., is located approximately 100 kilometers north of the approved power line terminus at Bob Quinn, BC. The Property is adjacent to both Highway 37 and the Imperial Metals Inc. Red Chris property where a mine development is in the final stage of Mines Act permitting.

Walter Wakula, Chairman of Firesteel, said: "This is a tremendous development which will now come to fruition. The power line should enable Firesteel and its partner Lions Gate to access electric power for its exploration operations on the ROK-Coyote property and will improve the economics for any future mine development for this Property."

New director appointee Jacques Soroka has an MBA degree from Simon Fraser University and Bachelor of Applied Science in Chemical Engineering and Bachelor of Science (Biochemistry) degrees from the University of Ottawa. He is currently President and CEO of Blacksteel Energy Inc. (TSV-V:BEY), a TSX-V listed oil and gas company. He has over 20 years of corporate management, business development and technical experience in the resource sector. Previously, he has worked with Gemini Corporation (TSX-V: GKX), Bantrel Co. (89% owned by Bechtel Corporation) and Bayer Corporation. Jacques is also Chairman of Nicolaur Inc., a private management consulting firm.

In announcing the appointment of Mr. Soroka, Firesteel's Chairman Walter Wakula stated: "We are truly fortunate to have Jacques join our Board. He will bring his senior management and public company experience to the Board and will provide us with the benefit of his senior technical, business development and engineering perspectives."

The Company also announces that it has granted stock options under its incentive stock option plan to certain officers, directors and consultants of the Company. The stock options granted are to purchase up to 1,350,000 common shares of the Company, have an exercise price of $0.10 per common share and expire on March 2, 2016.

Firesteel is a junior minerals exploration company which explores for and develops quality precious and base metal prospects in the resource rich Stikine Arch area of British Columbia, and in the NWT and Mexico. The Company has been exploring its Copper Creek and ROK -- Coyote discovery properties in northern British Columbia with strong showings of copper and gold mineralization. Firesteel maintains its interests in the oil and gas business through its 15 percent shareholding in Blacksteel Energy Inc.


ON BEHALF OF THE BOARD OF DIRECTORS OF
FIRESTEEL RESOURCES INC.


"Walter Wakula"
__________________________________
Walter Wakula, Chairman of the Board

For additional information, please contact us at 1-604-669-5768
1-888-669-5768

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.

Advisory Regarding Forward Looking Statements
This news release contains forward-looking statements which include, but are not limited to: statements regarding electric power being provided to British Columbia's northwest region along the Highway 37 corridor north of Terrace, the power line enabling Firesteel and its partner Lions Gate to access electric power for its exploration operations on the ROK-Coyote property and improving the economics for any future mine development for this Property if such a mine development were ever to proceed, which is highly uncertain at this stage of exploration of the property.

The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement and are made as of the date of this news release. Unless otherwise required by applicable securities laws, the Company does not intend nor does it undertake any obligation to update or review any forward-looking statements to reflect subsequent information, event, results or circumstances or otherwise.