SOURCE: FIMA Development, Inc.

March 27, 2008 08:32 ET

FIMA, Inc. Acquires Emerging Mining Company With Rights to Nearly 8,000kg of Gold and Silver

HUNTINGTON BEACH, CA--(Marketwire - March 27, 2008) - FIMA, Inc. (PINKSHEETS: FIMA), an emerging land development company incorporating resource exploration and mining, oil and gas exploration and extraction, and commercial and luxury residential real estate development in Central and South America, announced today that the Company has completed the acquisition of GoldSource, Inc., an aggressive resource exploration and mining company that controls promising gold and silver property in the highly productive precious metal rich regions of Colombia. In the Los Mates Project, systematic sampling programs have demonstrated a tenor average of 10.2 g/ton of gold and 2.3g/ton of silver. Based on calculations of the size and extent of the formation, the Los Mates Project could yield upwards of 7,992.6kg of gold and silver. GoldSource is also in the initial phases of negotiations to acquire additional promising mineral properties in other parts of Latin America as well. The agreement calls for FIMA to acquire a 100% interest in GoldSource.

According to a FIMA company spokesperson, "We are extremely pleased to be able to announce the successful attainment of this phase in our continuing development towards becoming a comprehensive land development company in Latin America. Through our new wholly owned subsidiary, we now control promising gold and silver property in the metal-rich regions of Colombia, and now have a division that will allow us to expand into this exciting and dynamic sector. We also expect to be able to announce additional important achievements in the near future."

About FIMA, Inc.:

FIMA is engaged in a diverse range of land development and utilization activities, such as the acquisition of raw land and the design and construction of commercial and luxury real estate in the resort regions of Mexico, resource exploration and development in Central and South America, and the acquisition and development of mining properties and mining rights in Central and South America. FIMA Development operates several subsidiaries, including a prestigious architectural design and construction firm based in Puebla, Mexico, as well as an integrated resource exploration and mining company with holdings in the prolific gold- and silver-producing regions of Colombia. For more information, visit the Company website at:

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