SOURCE: Freedom Financial Holdings, Inc.

June 21, 2010 09:00 ET

Freedom Energy Submits Proposals to Plaquemines Parish

FORT WAYNE, IN--(Marketwire - June 21, 2010) -  Freedom Energy Holdings, Inc. (PINKSHEETS: FDMF) CEO, Brian Kistler, announced today that company representatives met with Plaquemines Parish President, Billy Nungesser, in Belle Chasse, Louisiana to discuss the merits of KC 9000®.

As a result of the meeting, Freedom Senior Management was escorted to the affected areas in the Parish shoreline to personally view the damage the oil sludge has created with water plant vegetation within the Parish marsh.

After a review of the disaster area, Freedom was then able to recreate (in a controlled atmosphere), the devastating effects the sludge oil is having on the marsh grasses. Tests conducted showed that KC 9000® could effectively assist removing the sludge from the marsh grasses.

It was observed that as the KC 9000® was being applied, the sludge oil was being repelled from the grasses, which will allow for a more complete collection of the sludge from the contaminated areas. If treated prior to contamination, KC 9000® could be used as a preventative measure to help the oil sludge from sticking to the grasses.

With this relevant information, Freedom was requested and has submitted two separate proposals to the Parish. 1) To supply KC 9000® to service providers that will have the ability to apply and clean the marsh grasses and collect the sludge; and 2) To supply KC 9000® Special Blend to service providers that are responsible for the processing of the collected sludge oil.

Mr. Nungesser requested the proposals be delivered to him personally and he would handle the review process. Even though no time frame was indicated as to the review process, the problem area is growing by the minute and one could feel the sense of urgency in the Parish.

ABOUT PLAQUEMINES PARISH:
Plaquemines Parish, an elongated rural jurisdiction that runs southeast from New Orleans and escorts the Mississippi River into the Gulf of Mexico. For more information visit http://www.plaqueminesparish.com

ABOUT FREEDOM ENERGY HOLDINGS, INC.:
Freedom Energy Holdings, Inc. is a holding company with its focus on the exploitation of opportunities in heavy oil related markets. Freedom's KC 9000® heavy oil technology is environmentally friendly and an effective cleaning solution of heavy oil sludge residue. Additionally, tests have shown variations of KC 9000® to be effective in getting heavy oil deposits to flow without heat. Freedom Energy International, Inc. is developing and marketing this uniquely effective proprietary technology for use by clients internationally, both by sale and licensing.

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.

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