Freedom Energy Signs Major JV Agreement

FORT WAYNE, Ind., June 17, 2011 /PRNewswire/ — Freedom Energy Holdings, Inc.
(Pink Sheets: FDMF.PK) announced at the close of trading today that it has
entered into a major, commercial joint venture agreement with RMT Holding, Inc
(“RMT”), a foreign based commodities trading company, that deals primarily in
the purchase and sale of oil and gas contracts on a global basis.

“This joint venture agreement with RMT not only represents significant revenue
opportunities for Freedom Energy on several fronts, it also enables our company
to introduce its proprietary KC 9000® technology to the myriad of clients RMT
has developed over the years. I cannot emphasize enough the positive impact we
expect these introductions will have on the commercial marketing success of our
pioneering technology worldwide,” stated Brian Kistler, Freedom Energy, CEO.

Kistler went on to say that due to certain governance issues, full details of
the joint venture agreement could not be immediately disclosed, but would be
publicly disseminated in due course. In addition, the company is currently
reviewing certain technology based acquisitions in the energy sector and expects
to make a major announcement with respect to same during Q3.

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.