Formation Fluid Management Inc. Announces Completion of Private Placement

Formation Fluid Management Inc. (the "Company" or "Formation Fluid") (TSX
VENTURE:FFM) is pleased to announce that, further to its news releases of April
2nd and April 8th, 2014, the Company has completed its private placement
offering (the "Offering") of units of the Company (the "Units") at a price of
$0.18 per Unit.


Under the Offering, the Company sold an aggregate 12,222,178 Units for gross
proceeds of $2,199,992. 


Each Unit consists of one common share of the Company and one-half of one common
share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will
entitle the holder thereof to acquire an additional common share of the Company
at a price of $0.25 per share for a period of 24 months expiring May 12, 2016. 


The net proceeds from the Offering will be used primarily for construction of
new water treatment plants and as well as general operating capital.


All of the securities issued under the Offering are subject to a statutory hold
period until September 13, 2014 in accordance with applicable Canadian
securities laws. 


This news release does not constitute an offer to sell or a solicitation of an
offer to sell any of the securities in the United States. The securities have
not been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state securities laws or
an exemption from such registration is available


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 Fluid 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 the 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Formation Fluid Management Inc.
Investor Inquiries
[phone]
[e-mail]
www.formationfluid.com