Freedom Energy — Corporate Update Regarding KC-9000® Trials

FORT WAYNE, Ind., March 5, 2012 /PRNewswire/ --Freedom Energy Holdings, Inc. (Pink Sheets: FDMF.PK) today provided a corporate update outlining all the ongoing projects that involve the company's proprietary technology KC-9000.

The last several months has been extremely rewarding on a couple of different fronts. There have been several parties that have expressed some confusion regarding the recent press releases regarding our flagship technology KC-9000. KC-9000 is to be tested at several locations in the Middle East. The objective of these trials is to show the effectiveness of the KC-9000's ability to remove the hydrocarbons from oil soaked drill cuttings or otherwise referred to in the United States as drill tailings. In short, the mud and gravel that is removed in the well drilling process.

In the United States wells are drilled with water, air or another type of drilling mud and stored in pits on site. The procedure in the Middle East uses oil to drill, as it is more available and less costly than importing water. Consequently, it creates an environmental problem to dispose of the cuttings. A very expensive method of removing the hydrocarbons is currently being used and even then the current technology does not reach satisfactory levels.

Laboratory tests have shown the KC-9000 to effectively and efficiently remove the hydrocarbons to levels that are satisfactory for easy disposal. A concentrated form of KC-9000 is being shipped presently to our agent in Dubai for these trials. For security reasons, the locations or countries that these trials are to be conducted have not been disclosed but all funding has been received by the Company to include travel expenses for Senior Management to attend these trials. More information will be released as it is made available.

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. The company's original primary focus is the commercial development of its proprietary, heavy oil technology. KC 9000, a breakthrough technology, provides an effective and cost efficient system to enable heavy oil deposits to flow without heat. Recent research has developed and shown a new product SR-139 to be effective at breaking down asphalt shingles allowing the extraction and recovery of hydrocarbons.

FORWARD LOOKING STATEMENT

This press release contains certain "forwardlooking" 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 forwardlooking statements. The Company, through its management, makes forwardlooking public statements concerning it expected future operations, performance and other developments. Such forwardlooking 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, 260-490-9990Freedom Energy Holdings, Inc.

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Freedom Energy -- Corporate Update Regarding KC-9000® Trials