Freedom Energy Confirms International Funding Received

FORT WAYNE, Ind., Feb. 29, 2012 /PRNewswire/ — Freedom Energy Holdings, Inc.

(Pink Sheets: FDMF) CEO Brian Kistler today confirmed that the company has
received the funding to produce and ship KC 9000® for the previously mentioned
Middle East trial.

Kistler stated, “The first trial tentatively set to take place in April 2012 has
been moved up to early March. The purpose of this trial is to show the
effectiveness of cleaning, oil covered, drill cuttings from wells being drilled
on shore. The parties requesting the trial have funded all expenses of product,
shipping, travel and lodging for me to attend this event. The location for the
trial has not been disclosed to me at this time; however all plans are being
coordinated through our agent in Dubai.”

Kistler further stated, “There are approximately 1 million tons of drill
cuttings that have been accumulated that are yet to be processed from this one
location. The current cost of cleanup is $65 per ton. Using KC 9000®, costs show
to come in under $50 per ton. Using this model would call for approximately 2
million gallons of KC 9000® to process the whole 1 million tons already
accumulated. Moving forward the plan is to set up modular processing plants at
the sight of the new wells being drilled so that the cuttings are able to be
processed immediately which will save costs from transportation and storage of
the cuttings.”

“It is very rewarding to finally reach this point. When dealing with the foreign
oil companies (which are all governmentally owned) it takes a great deal of
perseverance and coordination to overcome the high degree of scrutiny and the
barrier of entry. Thanks again to all of our shareholders for their patience,”
concluded 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. The company’s original
primary focus is the commercial development of its proprietary, heavy oil
technology. KC 9000®, a breakthrough technology, provides an effective and cost
efficient system to enable heavy oil deposits to flow without heat. Recent
research has developed and shown a new product SR-139 to be effective at
breaking down asphalt shingles allowing the extraction and recovery of
hydrocarbons.

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 CEO, 260-490-9990
Freedom Energy Holdings, Inc.
Investor Relations
Steven Marcus
DME Capital LLC
917-648-0663
www.freedomenergyinternational.com

SOURCE Freedom Energy Holdings, Inc.