SOURCE: Foy-Johnston Inc.

March 12, 2010 16:00 ET

Foy-Johnston Enters Into Negotiations for Producing Properties With Expanded Producing Possibilities

DOVER, DE--(Marketwire - March 12, 2010) -  Foy-Johnston Inc. (PINKSHEETS: FOYJ), through its wholly owned subsidiary Liquid Gold International, has entered into negotiations to acquire additional producing oil properties in areas where heavy oil deposits are prolific that can best utilize the enhanced oil recovery technology.

These potential acquisitions are consistent with Foy-Johnston's new strategy of adding quality long life reserves. We are looking at properties that will have greater than five year reserve life left in them once our enhanced oil recovery technology is utilized to bring new life to the well. The areas that we are negotiating are in California, Texas, Oklahoma and Kansas, all known oil producing regions and all known regions that have heavy oil deposits and reserves.

"Now we are working on the acquisition phase of the EOR strategy which will result in giving the company additional sustainable long term revenue streams," stated Winay Sangsomborn, President of Foy-Johnston Inc.

About Foy-Johnston Inc.

Foy-Johnston is a venture capital firm that specializes in discovering and exploiting new technologies that have enormous commercial application and explosive revenue potential. The Liquid Gold International enhanced oil recovery system presents those very qualities that Foy-Johnston's management team has identified to meet those criteria. Our website is www.foyj.us

Forward-Looking Statements

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.

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