FIMA Subsidiary GoldSource Making Arrangements to Move Forward With Mining Operations at Los Mates Mine

HUNTINGTON BEACH, Calif., June 23 /PRNewswire-FirstCall/ -- FIMA, Inc. (Pink Sheets: FIMA), an emerging diversified land development company, announced today that Fernando Infante, CEO of FIMA's subsidiary GoldSource (www.goldsourceinc.com), will be traveling to China the first week of July in order to purchase the equipment necessary to begin the anticipated mining of the open pit sector at the Company's Los Mates Mine in central Colombia. GoldSource recently obtained the results from an independent geologist assessment of the mine which confirmed the Company's initial findings. Among some of the highlights of the report's findings were:

-- Confirmation of proven and developed reserves in place of 166,250 metric tonnes of ore in place with an average of 10.5 grams of gold per metric tonne

-- High purity of 0.894 (89.4% or 21.45 kwt) of the gold in the deposit

-- Gold content in the recoverable developed and proven reserve of 1,047 kg or 33,674 troy ounces

-- $26,368,163 estimated value of gold initially recovered from the primary mining of the developed and proven reserves

-- Estimated daily production of $52,870 from the mine

According to a Company spokesperson, "We are extremely excited to be taking this next step in what we believe will be an incredibly successful and productive mining operation. Along with the latest results from the third-party assessment of the Los Mates Mine, we have also commissioned the final environmental study for the project, putting us well on pace to begin primary mining operations. Considering the favorable market conditions for precious metals, as well as the extremely favorable reports concerning the proven and developed reserves in place at the site, we have every reason to believe that we stand at the cusp of a very fruitful period in our Company's history. The acquisition of equipment necessary to commence full-scale operations will be an important step in realizing our larger goals."

About FIMA and GoldSource:

Through its wholly-owned subsidiary GoldSource, FIMA controls promising gold and silver property in the highly productive precious metal rich regions of Colombia. In the Los Mates Project, systematic sampling programs have demonstrated a tenor average of 10.2 g/ton of gold and 2.3g/ton of silver. GoldSource is also in the initial phases of negotiations to acquire additional promising mineral properties in other parts of Latin America as well. Because of the tremendous demand for gold and the concomitant rise in gold prices, properties such as Los Mates that have proven and probable reserves have become highly sought after. FIMA and GoldSource are actively engaged in the ongoing process to identify overlooked properties and bring them to production in order to take advantage of the tremendous market opportunities.

Safe Harbor Statement:

Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.

Contact: FIMA, Inc.

              info@fimadevelopmentinc.com
              714.847.2460

SOURCE FIMA, Inc.