FIX Firebird Resources Inc

Firebird Resources Inc. (TSX VENTURE:FIX) (the "Company") announces that it will
hold its annual and special meeting of shareholders (the "Meeting") at 120
Adelaide Street West, Suite 2400, Toronto, Ontario, Canada, on Friday November
9, 2012, at 10:00 am (Toronto time).


At the Meeting, shareholders will be asked to receive the Company's audited
consolidated financial statements for the years ended April 30, 2012 and 2011 as
well as for the years ended April 30, 2011 and 2010; elect the directors of the
Company for the ensuing year; re-appoint the auditors of the Company; consider
and if deemed advisable, pass, without variation, an ordinary resolution
confirming the Company's stock option plan; and to consider and if deemed
advisable, pass, without variation, a special resolution approving a
consolidation (the "Consolidation") of the Company's outstanding common shares
at a ratio of up to 5-to-1. Upon approval, the Company's directors would have
authority to implement the Consolidation at any time, when appropriate, subject
to TSXV approval. The Company is not proposing a name-change in concert with the
Consolidation.


The directors of the Company believe that in order to facilitate access to
additional working capital to further the development of the Company's projects,
including its Pageland project in South Carolina, it may be necessary to
complete this Consolidation but the Company will continue in its efforts to
raise additional working capital without resorting to it. However, given the
present difficult market conditions for junior exploration companies it may be
necessary to undertake the Consolidation to enhance the Company's capital
structure to investors.


The principal effects of the Consolidation will be that the number of common
shares of the Company issued and outstanding will be reduced from 81,010,417
common shares as of the date hereof, to approximately 16,202,083 common shares,
if the maximum consolidation ratio of 5-to-1 is used. The exercise price of the
common shares issuable under any of the Company's outstanding convertible
securities, stock options and warrants will be proportionally adjusted upon the
Consolidation based on the Consolidation ratio actually used. No fractional
shares will be issued. If, as a result of the Consolidation, a shareholder is
entitled to a fractional common share, such fractional common share that is less
than 1/2 of one post-Consolidation common share will be cancelled and each
fractional common share that is at least 1/2 of one post-Consolidation common
share will be rounded up to one whole post-Consolidation common share.


About Firebird

Firebird is a mineral exploration company whose long term objective is to build
a diversified company focused on the acquisition, exploration and development of
mineral properties.


Forward-looking Statements

This news release contains certain forward-looking statements that reflect the
current views and/or expectations of management with respect to performance,
business and future events, including but not limited to express or implied
statements and assumptions regarding the Company's intention to exercise the
option referred to herein and the receipt of necessary regulatory approvals.
Forward-looking statements are based on the then-current expectations, beliefs,
assumptions, estimates and forecasts about the business and the industry and
markets in which the Company operates. Forward-looking statements are not
guarantees of future performance and involve risks, uncertainties and
assumptions which are difficult to predict. Investors are cautioned that all
forward-looking statements involve risks and uncertainties including, without
limitation, that the Company will choose not exercise the option and those risks
relating to changes in the market, potential downturns in economic conditions,
fluctuations in the price and supply of raw materials, equipment and skilled
labour, fluctuations in the market price of minerals, foreign exchange
fluctuations, regulatory requirements and changes thereto, competition, and
other risk factors listed from time to time in the Company's public filings.
These risks, as well as others, could cause actual results and events to vary
significantly. Accordingly, readers should not place undue reliance on
forward-looking statements and information, which are qualified in their
entirety by this cautionary statement. The Company does not undertake any
obligations to release publicly any revisions for updating any voluntary
forward-looking statements, except as required by applicable securities law.

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