FIMA Subsidiary Standard Minerals Seeks Third-Party Verification of Oil and Gas Reserves on New Mexico Property

HUNTINGTON BEACH, Calif., June 30 /PRNewswire-FirstCall/ -- FIMA, Inc. (Pink Sheets: FIMA), an emerging diversified land development company, announced today that its wholly-owned subsidiary Standard Minerals is seeking an independent assessment of its holdings in New Mexico. Currently, Standard Minerals holds 24 individual oil and gas leases in southeastern New Mexico. These leases cover more than 11,000 acres of highly sought-after land adjacent to the historically productive Permian Basin that runs through West Texas and southeastern New Mexico and produces 16.4 percent of the nation's oil and 7.1 percent of its natural gas.

According to a spokesperson for FIMA, "We acquired the leases in New Mexico for several reasons, such as their proximity to the historically productive Permian Basin as well as the excellent outlook for oil and gas prospects in both the short and long term. We believe that a thorough, independent analysis of the property in order to narrow our focus and determine the most promising points to begin drilling is the most prudent step for our Company and to protect the interest of our shareholders. We believe that the current conditions of the energy market present superb opportunities, and we are committed to pursuing those opportunities in the most effective and responsible way possible."

About FIMA and Standard Minerals:

Standard Minerals is a wholly-owned subsidiary of FIMA, Inc., an emerging land development company incorporating resource exploration and mining, oil and gas exploration and extraction, and commercial and luxury residential real estate development in Central and South America. Standard Minerals currently holds 24 individual oil and gas leases in highly productive region of southeast New Mexico, adjacent to the Permian Basin.

The Permian Basin is located in West Texas and the adjoining area of southeastern New Mexico. It underlies an area approximately 250 miles wide and 300 miles long. Historically a black-oil region, the Permian Basin has turned increasingly to natural gas over the past decade. Recent data show about a third of drilling activity directed to natural gas. Some gas is associated with oil, but drilling directed to exclusively deep gas or gas in tight sands has been active for some time, and unconventional gas in the Barnett and Woodford shale formations is now attracting significant interest. Today, the Permian Basin produces 16.4 percent of the nation's oil and 7.1 percent of its natural gas (Source: Southwest Economy). Between 4,000 to 5,000 oil and gas fields have been discovered in the Permian Basin. From the 1920's into the 1980's 5% of the world's oil and gas production was from the Permian Basin (Source: KFUPM).

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.