Freedom Energy Holdings Names Auditor — to Seek Full Reporting Status

FORT WAYNE, Ind., Aug. 23, 2011 /PRNewswire/ — Freedom Energy Holdings, Inc.
(Pinksheets: FDMF) announced today that the company has named Peter Messineo,
Palm Harbor, Florida as the company’s auditor. Mr. Messineo is a certified
PCAOB, SEC qualified Certified Public Accountant.

The company will conduct an audit of the periods ending 12-31-2010 and
12-31-2011 as part of the efforts to re-establish itself as full reporting
according to the Securities Exchange Commission. Full disclosure of all the
activities of the company is paramount to the confidence of share holders.

Freedom Energy Holdings, CEO, Brian Kistler stated, “There will not be any major
changes to the full disclosure that we provide at www.otcmarkets.com but having
someone (with the reputation and qualifications of Mr. Messineo) conduct an
audit regarding the financial status of the company just raises the confidence
that all is being disclosed.”

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 CEO, 260-490-9990
Freedom Energy Holdings, Inc.
www.freedomenergyinternational.com

SOURCE Freedom Energy Holdings, Inc.