Fairfax Capital Inc.

November 19, 2007 10:23 ET

Fairfax Subsidiary Signs Letter of Intent With Oris Geothermal Corporation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2007) - Fairfax Capital Inc.
(TSX VENTURE:FFX.P) is pleased to announce that through its wholly owned
subsidiary, Free Energy Solutions Inc, a Letter of Intent has been executed with
Oris Geothermal Corporation to form a joint venture for the purpose of
developing a Thermal Energy Network and utility for residential and commercial
developments in Richmond, British Columbia. Free Energy will provide expertise
and utilization of its innovative technologies based upon thermal superconductor
and geoexchange. Development potential is for 1852 confirmed and pending
residential housing units and over 200,000 square feet of commercial space. The
Thermal Energy Network will provide heat, air-conditioning and hot water to the
residential housing units and commercial spaces on a monthly basis and provide
consumers the energy at a savings to conventional energy supplies (natural gas
or electric heat). Fairfax Capital Inc. anticipates receiving revenue from the
joint venture by spring of 2008. The proposed Thermal Energy Network is a big
win for the environment as fossil fuels are eliminated except for electricity to
run heat pumps, energy consumption is reduced by as much as 75% and CO(2)
emissions are reduced by thousands of tons a year.

About Oris Geothermal Corporation

Oris Geothermal is a British Columbia corporation founded upon increasing
the application and use of sustainable energy initiatives within new
developments. Its aim is to reduce GHG's and overall energy requirements by
providing renewable energy sources to residential and commercial developments.
Its principal business is to construct these systems for employment within all
of our current and future projects. Its head office and principal place of
business is located in Richmond, British Columbia. Additional information about
Oris Geothermal and their ventures can be found at www.londonlanding.com.

About Free Energy Solutions Inc.

Free Energy is a British Columbia corporation in the renewable energy
sector. Free Energy is a 100% subsidiary of Fairfax Capital Inc. Its principal
business is developing innovative technologies for the heating and cooling
industry based on a new class of thermal superconductors now becoming
available on the world market. Its head office and principal place of business
is located in Richmond, British Columbia. Free Energy's technologies build on
the well-established principle of "earth source energy", which allows a building
to draw free heat out of the ground for heating and induce heat into the ground
for cooling. Free Energy is in the process of developing a high efficiency
condenser that can be used in commercial refrigeration applications, a seawater
heat exchanger for large commercial air conditioning systems, and a simple heat
exchanger that can be installed in the ground to act as a heat source or heat
sink for conventional residential heating and air conditioning systems.
Prototypes of its geoheating and geocooling units have already been developed.
Information on the technology can be viewed at the Free Energy website at

About Fairfax Capital Inc.

Fairfax is a British Columbia corporation with its head office in
Vancouver, British Columbia. Fairfax is listed on the TSX Venture Exchange as
a Tier 2 company. Fairfax has a total of 12,636,453 common shares issued and
outstanding, of which 7,140,000 shares are subject to escrow arrangements.
Additional information on Free Energy and Fairfax may be found in the
Information Circular for the 2007 annual and special general meeting of
Fairfax shareholders, which is posted on SEDAR at www.sedar.com.


Alf Sanderson, President

The statements made in this release may contain forward-looking statements or
statements relating to matters that involve a number of risks and
uncertainties. Actual events or results could differ materially from the
Company's expectations and projections.

The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.

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