Formation Fluid Management Inc. Announces Appointment of Additional Director and Approval of Capital Budget

Formation Fluid Management Inc. (TSX VENTURE:FFM) (the "Company" or "Formation
Fluid") is pleased to announce the appointment of Alan Archibald as a director
of the Company.


Mr Archibald is a Professional Engineer and is the CEO of Northpoint Resources
Ltd, a private exploration and production company. Alan has worked in the oil
and gas sector for 32 years both with large major public companies and small
private companies. Mr Archibald is a past chair of the Petroleum Technology
Alliance of Canada (PTAC) and has also served on the board of Canadian Energy
Services LP, High Arctic Energy Services, MEG Energy, Strategem Energy Corp,
Kerogen Petroleum Ltd, and currently is lead director for Mullen Group Ltd. Alan
holds a BSc in Engineering from Dalhousie University and a Bachelor of Mining
Engineering from the Technical University of Nova Scotia.


"The Company is very pleased to have an individual of Mr. Archibald's caliber &
experience joining our team", said Ken Rose, CEO of Formation Fluids. "We are
confident that Alan will bring tremendous value and assistance to the Company as
we continue to grow." 


With the appointment of Mr. Archibald, the Company's Board will have a majority
of independent directors. Chance Radford will be stepping down as a director of
the Company in order to achieve this goal. Mr. Radford will remain in his
position with the Company as the Chief Operating Officer, continuing with his
valuable contributions to the Company's success and growth. The Company thanks
Mr. Radford for his service as a director.


The board of directors has approved the grant of 500,000 incentive stock options
(the "Options") pursuant to the Company's shareholder approved incentive stock
option plan (the "Stock Option Plan"). The Options were granted to Mr.
Archibald, will vest immediately and are exercisable at a price of $0.45 per
share until July 17, 2019, subject to the terms of the Stock Option Plan. The
Option grant is subject to TSX Venture Exchange approval. 


The Company is also pleased to announce that its Board of Directors has approved
a $2.5 million capital budget for the fiscal year ending June 30, 2015. This
capital budget will be used to build additional water processing plants and
acquire manufacturing and office equipment for its new office and shop in Red
Deer, Alberta. The Company has leased a 13,000 square foot combination office
and manufacturing facility effective August 1, 2014, which will house its
in-house construction of its proprietary water treatment systems and corporate
offices. 


"Leasing this new facility is a major step in facilitating the growth of the
Company by having all aspects of manufacturing and operations housed in one
location", said Ken Rose, CEO. 


About Formation Fluid 

Formation Fluid Technology has developed a waste water treatment plan that uses
a proprietary process to clean waste water. The system is mobile and can be
scaled to process required volumes. This system treats water to meet or exceed
CCME Guidelines (Canadian Environmental Quality Guidelines), resulting in
reusable water that can be used for: Boilers, Frac Water, Water Floods, and
Drilling Operations. Formation Fluids is seeking to service a significantly
underdeveloped segment within the oil and gas industry; its waste water
treatment system is intended to cost effectively deal with produced water while
satisfying the need to reuse and recycle an increasing valuable resource. For
more information, please visit: www.formationfluid.com or contact Investor
Relations at [phone].




On behalf of the Board of Directors.                                        
                                                                            
"Ken Rose"                                                                  
Chief Executive Officer                                                     



Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Certain statements contained in this news release, including references to the
Company's receipt of applicable approvals, may constitute forward-looking
information under applicable Canadian securities legislation. These statements
relate to future events and are prospective in nature. All statements other than
statements of historical fact may constitute forward-looking statements or
contain forward-looking information. Forward-looking statements are often, but
not always, identified by the use of words such as "may", "will", "project",
"predict", "potential", "plan", "continue", "estimate", "expect", "targeting",
"intend", "could", "might", "seek", "anticipate", "should", "believe" or
variations thereof. Forward-looking information may relate to management's
future outlook and anticipated events or results and may include statements or
information regarding the future plans or prospects of the Company.
Forward-looking information is subject to a variety of known and unknown risks,
uncertainties and other factors that could cause actual events or results to
differ from those reflected in the forward-looking statements. The Company
believes that the expectations reflected in the forward-looking statements
contained in this news release are reasonable, but no assurance can be given
that they will prove to be correct. Actual results and future events may differ
materially from those anticipated and accordingly forward-looking statements
should not be unduly relied upon. Forward-looking statements contained in this
document speak only as of the date of this news release. Except as required by
applicable law, the Company disclaims any obligation to update any
forward-looking information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor Inquiries: 1 [phone]
E-mail inquiries: [e-mail]
Web: www.formationfluid.com