FFM

Formation Fluid Management Inc. (TSX VENTURE:FFM) ("FFM") is pleased to announce
that our engineering department has confirmed the commissioning date for our
first commercial scale water processing unit as June 30, 2011. The main unit and
the associated pre-filtration unit have both been fully designed in-house by our
lead engineer and we are currently in the final stages of manufacturing in our
facility in Red Deer. The Mobile Treatment Unit will consist of 2 modules that
are housed on two independent trailers. The commissioning date has been delayed
due to several weeks delay in acquiring necessary parts and materials from
suppliers and due to design improvements that were implemented in the final
stages of construction.


Our Mobile Treatment Unit has been to designed to be capable of processing
flowback and produced water at 60m3 per hour and is expected to deliver the
industry's first "Low-Cost" treatment process that can be ramped up and down to
meet different wastewater treatments demands.


FFM also participated with our mobile test unit in a demonstration of treating
contaminated runoff and ground water from an industrial site in the lower
mainland of BC in April, 2011. The purpose of the demonstration and testing was
to capture and treat the water on the site before it leaches into the river.
Another component of the test was to treat bilge water from the shipping
industry. The facility cannot allow contamination from their site to leak into
any adjacent properties or waterways, they are obligated by law to capture,
contain and treat contamination resulting from the operations of their business.
Independent laboratory test results by Envirochem Services Inc. confirmed that
the treated water exceeded the CCME and BC Aquatic Life Guidelines requirements
for the ground and runoff water as well as the bilge water. After the successful
demonstration in April an invitation to return to further expand our testing was
extended.


Our sales department is finalizing negotiations regarding the first contract for
our commercial unit. We expect to make an announcement very soon. Once our first
unit is under contract and generating revenue we intend to start the process for
the construction of additional units as soon as possible. The firm commissioning
date for the first commercial sized unit has made it possible for our sales
department to start discussing the use of our services with the planning
departments of those potential clients with early summer programs requiring our
type of service.


We expect that our FFT Water Treatment Process will allow us to get established
in the significant wastewater treatment market and we believe that we will
become the leader in this market due to our unique design and "Low-Cost"
alternative disposal methods. In our opinion, to date the approaches to the
tremendous wastewater treatment problems have been inadequate and we can solve
the two major issues with our Mobile Treatment Plants: We are COST-EFFECTIVE and
provide the VOLUME NEEDED!


On behalf of the Board of Directors

Al Radford, President & CEO

FORWARD LOOKING INFORMATION

Certain information in this news release is forward-looking within the meaning
of certain securities laws, and is subject to important risks, uncertainties and
assumptions. This forward-looking information includes, among other things,
information with respect to the Company's beliefs, plans, expectations,
anticipations, estimates and intentions. The words "may", "could", "should",
"would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect",
"intend", "plan", "target" and similar words and expressions are used to
identify forward-looking information. The forward-looking information in this
news release describes the Company's expectations as of the date of this news
release.


The results or events anticipated or predicted in such forward-looking
information may differ materially from actual results or events. Material
factors which could cause actual results or events to differ materially from
such forward-looking information include, among others, risks arising from
general economic conditions and adverse industry events, risks arising from
operations generally, reliance on contractual rights such as licenses and leases
in the conduct of its business, reliance on key personnel, market acceptance of
the Company's products and services, the need to protect intellectual property
and other proprietary rights, possible failure of the business model or business
plan or the inability to implement the business model or business plan as
planned, fluctuations in the cost of materials, competition, environmental
matters, and insurance or lack thereof.


The Company cautions that the foregoing list of material factors is not
exhaustive. When relying on the Company's forward-looking information to make
decisions, investors and others should carefully consider the foregoing factors
and other uncertainties and potential events. The Company has assumed a certain
progression, which may not be realized. It has also assumed that the material
factors referred to in the previous paragraph will not cause such
forward-looking information to differ materially from actual results or events.
However, the list of these factors is not exhaustive and is subject to change
and there can be no assurance that such assumptions will reflect the actual
outcome of such items or factors.


THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE
EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND,
ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE
UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS
INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT
UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.

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