FFM

Formation Fluid Management Inc. (TSX VENTURE:FFM) ("The Company") announces that
effective immediately the employment of Mr. Vern Graham, formerly the
Vice-President of Business Development with FFM, has been terminated by the
Company.


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,

Wayne Smith, Chief Financial Officer and Director

Formation Fluid Management Inc. (TSXV:FFM)
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