Free Energy International Retains Ascenta Capital Partners Inc. for Investor Relations Services

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 18, 2008) - Free Energy International Inc. (TSX VENTURE: FFX.V) is pleased to announce it has retained Ascenta Capital Partners Inc., of Vancouver, British Columbia, to provide investor relations services.

Ascenta is a leading provider of investor relations services to public companies in Canada. Since 2000, Ascenta has been assisting public companies with investor relations and corporate communications. Its team has worked for companies ranging from micro and midcap resource and technology companies to Fortune 500 multinationals.

Ascenta will receive a monthly retainer of $6,500 for a 12-month term, subject to termination by either party with 30 days written notice. Free Energy will also issue, as compensation to Ascenta, an option to purchase 250,000 common shares pursuant to the company's stock option plan. The options are exercisable at a price of C$0.85 per share. The options will vest in accordance with TSX Venture Exchange guidelines.

About Free Energy International

Free Energy International Inc. (formerly Fairfax Capital Inc.) is a British Columbia corporation with its head office in Vancouver, British Columbia. The company is listed on the TSX Venture Exchange as a Tier 2 company. The Company has a total of 12,708,103 common shares issued and outstanding, of which 7,056,000 shares are subject to escrow arrangements.

Additional information on Free Energy and Fairfax may be found in the Information Circular for the 2007 annual and special general meeting of Fairfax shareholders, which is posted on SEDAR at www.sedar.com.

For further company information, please access our website: www.freeenergyinternational.com.

ON BEHALF OF THE BOARD

Alf Sanderson, President

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contacts

Alf Sanderson
Free Energy International Inc.
President
(604) 657-5638
Email: alf.sanderson@shaw.ca
Website: www.freeenergyinternational.com

Anthony Srdanovic
Ascenta Capital Partners Inc.
Investor Relations
(604) 684-4743 ext.242 or Toll Free: 1-866-684-4743 ext.242
Email: anthony@ascentacapital.com