Formation Fluid Management Inc.: Mr. Al Radford, CEO Resigns Due to Health Reasons

Formation Fluid Management Inc. (TSX VENTURE:FFM) ("The Company") announces with
regret the resignation for personal health reasons of Mr. Al Radford. Mr.
Radford's resignation from his positions of President, Chief Executive Officer
and Director is effective immediately and the full Board of Directors will act
in the role of interim President and Chief Executive Officer while a search for
a suitable replacement for Mr. Radford is conducted.


Mr. Radford will continue to be available as a consultant to assist the Company
as required. The entire Board and all the staff of FFM thank Mr. Radford for his
service and valuable contributions to the growth of the Company and wish him a
speedy and successful recovery and all the best in his future endeavors.


About Formation Fluid Corp.

Formation Fluid Technology (Formation Fluids) has developed a waste water
treatment plant 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 Toll Free.


On behalf of the Board of Directors

Minaz Devji, Chairman