Freedom Energy Announces Jet Fuel Opportunity

FORT WAYNE, Ind., July 29, 2011 /PRNewswire/ — Brian Kistler, CEO, Freedom
Energy Holdings, Inc. (Pink Sheets: FDMF.PK) reported at the close of trading
today that the company has been presented with a “major new business
opportunity” in the aviation sector, as a result of its recently announced
commercial joint venture agreement with RMT Holding, Inc (“RMT”). RMT is a
foreign based commodities trading company, dealing primarily in the purchase and
sale of jet fuel and heavy diesel term contracts on a global basis.

Jet fuel is the third-highest product in demand worldwide and like gasoline, is
largely confined to use in the transportation sector. Aviation consumes 2% of
all fossil fuels burnt. This represents 12% of the fuel consumption of the
entire transportation sector, to be compared with 80% dedicated to road
transport. In worldwide operations, U.S. passenger and cargo airlines require
17.5 billion gallons of jet fuel annually, or approximately 415 million barrels.
The most economically effective and efficient means by which airlines purchase
jet fuel is through “term contracts” based upon a projected volume for a given
period of time.

“The market for Jet Fuel is exceptionally large and demand far exceeds supply.
We are excited to now have the opportunity to pursue commercial contracts in
this niche business sector as a result of our joint venture agreement with RMT.
We are in the process of several on-going negotiations in this, and other
commercial markets, in which RMT has played a significant introductory role.
Further details will be made public once anticipated contracts have been
formalized,” confirmed Kistler.

ABOUT FREEDOM ENERGY HOLDINGS, INC.

Freedom Energy Holdings, Inc. (FDMF.PK) is a publicly traded company that
specializes in the identification and development of technologies with
commercial applications in the energy industry sector. Presently, the company’s
primary focus is the commercial development of its proprietary , heavy oil
technology, KC 9000® , a breakthrough technology which provides an effective and
cost efficient system to enable heavy oil deposits to flow without heat. This
pioneering technology is projected to revolutionize current recovery processes
being utilized. The company is presently marketing KC 9000 through sales and
licensing agreements to potential clients on a worldwide basis.

FORWARD LOOKING STATEMENT

This press release contains certain “forward-looking” statements, as defined in
the United States Private Securities Litigation Reform Act of 1995 that involve
a number of risks and uncertainties. Statements, which are not historical facts,
are forward-looking statements. The Company, through its management, makes
forward-looking public statements concerning it expected future operations,
performance and other developments. Such forward-looking statements are
necessarily estimates reflecting the Company’s best judgment based upon current
information and involve a number of risks and uncertainties, and there can be no
factors that could cause actual results to differ materially from those
estimated by the Company. They include, but are not limited to, the Company’s
ability to develop operations, the Company’s ability to consummate and complete
the acquisition, the Company’s access to future capital, the successful
integration of acquired companies, government regulation, managing and
maintaining growth, the effect of adverse publicity, litigation, competition,
sales and other factors that may be identified from time to time in the
Company’s public announcements.

Contact: Brian Kistler 260-490-9990
Freedom Energy Holdings, Inc.
www.freedomenergyinternational.com

SOURCE Freedom Energy Holdings, Inc.