DALLAS, TX– Freestone Resources, Inc. would like to update its shareholders on the progress of the joint venture, Freestone Water Solutions (FWS), which was recently formed with MEA Solutions, LLC to treat and recycle flowback water, as well as produced water for subsequent reuse in the fracking process.

Since the previous announcement, the FWS team has been working diligently to form strategic partnerships with oil and gas service companies to expand its service offerings by introducing water recycling. These discussions have resulted in pilot operations that will commence in January 2012. The operation of the first FWS unit will demonstrate the technology in several shale plays in order to develop additional strategic partnerships, and this unit will allow FWS to demonstrate the technology to certain financial partners as well.

“We have been working with MEA over the last couple of months in order to begin commercial operations of the frac water treatment technology,” said Clayton Carter, President of Freestone Resources. “These activities include the preparation of detailed financial models and business plans, the collection, sampling and analysis of multiple frac and produced water samples, negotiations and discussions with strategic and financial partners, visiting with industry regulators, fine tuning the technology with our manufacturer, and visiting the various shale locations across the U.S. to name just a few. Logistically, we plan to have our first commercially viable unit on site demonstrating our ability to treat water next month, and shortly thereafter have our even larger capacity unit operational.”

Freestone Resources will continue to update shareholders on the status of the first FWS unit’s field operations, performance and financing activities.

About MEA Solutions, LLC:
MEA Solutions is a Houston, Texas-based company owned by Michael McGhan, Charles “Chet” Erwin and Gerald “Oj” Armstrong that consolidated their leadership and experience in the oil gas service industry with water resource, management and treatment services for industrial, municipal, and governmental authorities to address the growing issues facing the interdependent industries.

About Freestone Resources, Inc.:
Freestone Resources is a Dallas, Texas based oil and gas technology development company. The continuing goal of the Company is to develop new technologies that allow for the utilization of our vast resources in an environmentally responsible and cost effective way. http://www.freestoneresourcesinc.com/.

SAFE HARBOR STATEMENTS:
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding the commercial potential of the Oil Recovery Units and other potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Freestone Resources, Inc. (OTC.BB: FSNR.OB – News) announced today that it has formed a joint venture with MEA Solutions, LLC to deliver a total solution for water resource management in the oilfield services sector. An integral component of the service includes owning and operating water recycling systems. The joint venture, Freestone Water Solutions, LLC, will utilize specialized, proprietary technology designed to treat and recycle flowback water (frac water that immediately flows back to the surface), as well as produced water for subsequent reuse in the fracking process.

The Freestone Water Solutions’ system minimizes the amount of new water required in the fracking process, as well as the amount of water that must be trucked offsite and disposed of at disposal well locations. This creates a significant cost savings to the exploration and production companies, minimizes oilfield truck traffic on municipal roadways, and provides a comprehensive water conservation effort. Furthermore, this proven water recycling process has been shown to be extremely efficient, durable and cost effective in other various industries. The mobile units are designed to process 500-800 gallons per minute, and stationary operations can process up to 6500 gallons per minute.

“Freestone Resources has worked diligently with MEA Solutions to research various water treatment and recycling technologies that are the most optimal for use in the oil and gas industry,” said Clayton Carter, Freestone Resources’ President. “This newly formed joint venture will utilize a technology that has been selected and modified based on that research and our specific water management needs. Most importantly, this venture will combine MEA’s experience with industrial, private, public and governmental authorities that manage and treat water and wastewater with our knowledge of oil and gas technology, onsite services, exploration and production. This cross-industry knowledge will allow us to meet the specific and unique requirements of each water recycling and treatment site that implements our technology.”

“I’m excited about our technologies and business model, which will bridge the expansion of the oil and gas industry with an obligation to deliver the appropriate water necessary for cost effective and environmentally conscious utilization of our most important resource,” said Gerald “Oj” Armstrong, Managing Director at Freestone Water Solutions.

About MEA Solutions, LLC:

MEA Solutions is a Houston, Texas based company owned by Michael McGhan, Charles “Chet” Erwin and Gerald “Oj” Armstrong that consolidated their leadership and experience in the oil gas service industry with water resource, management and treatment services for industrial, municipal, and governmental authorities to address the growing issues facing the interdependent industries.

About Freestone Resources, Inc.:

Freestone Resources is a Dallas, Texas based oil and gas technology development company. The continuing goal of the Company is to develop new technologies that allow for the utilization of our vast resources in an environmentally responsible and cost effective way. http://www.freestoneresourcesinc.com/.

SAFE HARBOR STATEMENTS:

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding the commercial potential of the Oil Recovery Units and other potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

DALLAS, TX-(06/09/11) – Freestone Resources, Inc. (OTC.BB:FSNR – News) announced today that it has finalized a Master Agreement with Hydrex Technologies, LLC., a subsidiary of Hydrex Corp., which is based in San Antonio, Texas. The Agreement provides Hydrex with the license rights to specific territories in the United States to manufacture, own and operate thirty Oil Recovery Units (ORU) using Freestone Resources’ proprietary technology. The Oil Recovery Units are designed to recover and extract crude oil from oil sands, contaminated soil, as well as oil from oil field tank bottom sludge and other oil waste depositories. Each ORU will be manufactured for a specific application and processing capacity.

The ORUs are designed as closed-loop systems that utilize environmentally friendly solvents to extract the maximum amount of hydrocarbons from the medium that they are processing. The ORUs will not utilize or require the use of steam, and no measurable air contaminants or emissions will be released into the atmosphere. Since each ORU will operate without steam, utilize limited energy, and recycle the solvents used in the process, they will provide an economic advantage compared to conventional oil separation systems.

“We are excited to begin the construction of our first commercial scale Oil Recovery Unit with Hydrex Technologies,” said Clayton Carter, President of Freestone Resources. “This Agreement represents the culmination of Freestone’s efforts to begin the construction of our first commercial scale ORU. We have had to leap over many hurdles to get this far, but through great determination and perseverance we feel that we have developed a technology that will help achieve our goals of extracting the vast amounts of oil from oil sands and sludge, while reducing oil production waste and having a positive impact on our environment. These are the common goals that we share with Hydrex, and I feel that our Agreement will allow us to achieve these goals through Hydrex’s construction and operation of the Oil Recovery Units under its license from us.”

“We are delighted to have consummated the Master Agreement with Freestone, and we are looking forward to furthering the development of Freestone’s technology. The Freestone technology will advance Hydrex’s goal of being part of the ‘Green Solutions Movement’ in cleaning up waste oil depositories, and moving the industry toward a cleaner environment,” said Mark Woodward, President of Hydrex Corp.

About Hydrex Corp.:
Hydrex Corp. is an energy company based in San Antonio, Texas which is involved in oil and gas exploration and production, oil and gas property operations and management, importation of crude oil, fuels and petrochemicals, and the development and implementation of environmentally friendly processes associated with the recovery and remediation of crude oil from oil sands, contaminated soil, and waste oil (sludge) depositories. http://www.hydrexcorp.com/

About Freestone Resources, Inc.:
Freestone Resources is a Dallas, Texas based oil and gas technology development company. The continuing goal of the Company is to develop new technologies that allow for the utilization of our vast resources in an environmentally responsible and cost effective way. http://www.freestoneresourcesinc.com/.

SAFE HARBOR STATEMENTS:
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding the commercial potential of the Oil Recovery Units and other potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

DALLAS, TX–(Marketwire – 05/03/11) – Freestone Resources, Inc. (OTC.BB:FSNR – News) announced today that Richard Feldman has joined its Advisory Board as its newest member.

Mr. Feldman, age 58, is a New York-based businessman. He is the major shareholder and CEO of a multi-million dollar, privately held apparel manufacturing company with facilities in both New York and the Caribbean. Additionally he is an active partner and board member of several privately held real estate companies that own and operate commercial and industrial properties in and around Manhattan.

As a private investor, Mr. Feldman has made previous investments in oil sand extraction and production technology. As such he has a keen awareness of the enormous economic potential of the Freestone oil recovery system. He is also excited by the larger geo-political impact that can be realized from the successful development of Freestone’s environmentally conscious method of hydrocarbon extraction.

“Mr. Feldman is a well respected businessman with decades of experience in various industries, as well as a successful history of corporate negotiations. We are pleased that he has joined the Freestone team, and are very proud to add him to our Advisory Board,” said Clayton Carter, President of Freestone Resources. “In addition, we look forward to updating our shareholders very shortly on the status of our previously announced negotiations with Hydrex Corp.”

About Freestone Resources, Inc.:
Freestone Resources is a Dallas, Texas based oil and gas technology development company. The continuing goal of the Company is to develop new technologies that allow for the utilization of our vast resources in an environmentally responsible and cost effective way.

SAFE HARBOR STATEMENTS:
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

DALLAS, TX–(Marketwire – March 24, 2011) – Freestone Resources, Inc. (OTCBB: FSNR) announced today that it has finalized a Term Sheet with Hydrex Corp., an oil and gas production company based out of San Antonio, Texas. The Term Sheet will be used as the basis for a License and Manufacturing Agreement to build and operate the initial phase of fifteen Oil Recovery Unit (ORU) machines utilizing Freestone Resources’ innovative technology. It is anticipated that this Agreement will be finalized in the next few weeks.

Current projections estimate that the construction of the first commercial-grade Oil Recovery Units will commence in June of this year and each ORU is designed to process ten tons of oil sludge per hour. Depending on the application it is anticipated that each ORU will cost between $2,000,000 – $3,000,000 each.

“We are excited about forming this first partnership to build our initial Oil Recovery Units. We believe that Hydrex Corp. will be a strong partner in the construction and operation of these units,” said Clayton Carter, President of Freestone Resources. “Hydrex Corp. and its Chief Executive Officer, Mark Woodward, have developed numerous relationships with some of the largest oil field waste disposal companies in the Southwest. Our goal is to utilize these relationships and process this waste in a joint effort to minimize the amount of oil sludge that goes to hazardous waste sites, and most importantly, to generate profits from what is normally considered a waste product.”

As previously announced, a leading Texas University has conducted a detailed analysis of the company’s oil sand oil extraction, and oil remediation technology. The tests indicated that over 96% of the hydrocarbons were removed and approximately 99% of the chemicals were recovered for repeated use.

About Hydrex Corp.:

Hydrex Corp. is a San Antonio, Texas based oil and gas production and operation company with properties and operations in Texas, Oklahoma and Louisiana.

http://hydrexcorp.com/

About Freestone Resources, Inc.:

Freestone Resources is a Dallas, Texas based oil and gas technology development company. The continuing goal of the Company is to develop new technologies that allow for the utilization of our vast resources in an environmentally responsible and cost effective way.

SAFE HARBOR STATEMENTS:

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Freestone is currently working on the website in order to bring you all the latest updates as they occur. Please forgive the brief inconvenience while the website is being upgraded.

Thank you for your understanding,

Freestone Management

DALLAS, TX–(Marketwire – 03/01/11) – Freestone Resources, Inc. (OTC.BB:FSNR – News) announced today that in collaboration with a leading Texas University, tests have been conducted and a detailed analysis of the company’s oil sand oil extraction, and oil remediation technology were performed. The tests indicated that over 96% of the hydrocarbons were removed and approximately 99% of the chemicals were recovered.

Freestone Resources provided the university with a sample of Alberta oil sands in order to conduct several comprehensive tests that replicate the process utilized in Freestone’s demonstration unit.

To implement the multi-day tests, a sample of the Alberta oil sands were weighed and measured to exact specifications prior to testing. The oil sands were mixed and agitated with the chemicals and then the clean sand was separated from the oil and chemicals, collected and weighed. In a secondary process the chemicals were separated from the oil. Clear differences were observed in the oil sands before and after extraction on both macroscopic and microscopic scales.

The test results also indicated that Freestone’s process will yield an approximate 99% recovery of the chemicals used. Further chromatograph analysis showed that the recovered chemicals had no significant change from the original chemicals utilized in the process indicating that the chemicals can be selectively and effectively recovered and reused for maximum economic efficiency. The chemicals that were successfully tested by the University are non-carcinogenic, non-chlorinated, non-flammable, non-ozone depleting, and not considered hazardous. In addition, the university is conducting tests on other hydro-carbon containing mediums with Freestone’s technology.

One of the most significant factors in Freestone’s technology is that no water is used thereby not contributing to any water pollution or contamination.

Clayton Carter, Chief Executive Officer of Freestone Resources, stated, “We are very pleased to have a leading university confirm our conviction that we have developed a ground breaking technology that is desperately needed not only domestically but internationally. We believe that we can demonstrate and show that our technology clearly separates us from the past and current processes being used in oil sand oil extraction, and oil remediation. We look forward to continue working with the university on this innovative technology.”

As previously announced Freestone’s successful demonstrations have resulted in intense interest from multiple groups, and negotiations are presently underway to build large commercial-grade units. Freestone will continue to demonstrate the technology to potential financial and strategic partners.

About Freestone Resources, Inc.:

Freestone Resources is a Dallas, Texas based oil and gas technology development company. The continuing goal of the Company is to develop new technologies that allow for the utilization of our vast resources in an environmentally responsible and cost effective way.

SAFE HARBOR STATEMENTS:

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

DALLAS, TX–(Marketwire – 02/03/11) – Freestone Resources, Inc. (OTC.BB:FSNR – News) is pleased to announce that it has successfully demonstrated its prototype oil sand oil extraction, and oil remediation technology. The prototype unit was specifically designed to demonstrate Freestone’s ability to separate oil from oil sand and oil contaminated soil without the use of steam or toxic chemicals.

This innovative oil extraction technology was developed, and is wholly owned by Freestone Resources. The fabrication of the prototype machine was completed with assistance from one of the leading technology development engineering firms. The management at Freestone is very pleased with the demonstration. A demonstration has also been performed for Freestone’s various financial partners that will begin working with Freestone in order to build commercial scale units in the immediate future. Freestone will be updating its website in order to provide more detailed information on this state of the art technology.

Current oil sand extraction technology produces toxic tailing ponds. It has been reported that there are over sixty-six square miles of toxic lakes in Canada, and this number will continue to grow unless alternative methods are utilized industry wide. It is estimated that 43% of Canada’s oil comes from oil sands, and it is believed that the reliance on oil sands as a source of energy will continue to grow. Many experts believe we have experienced, or will experience, “peak oil” in the near future which is the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline. Thus, Canada’s oil sands production will become increasingly important to supply the world’s oil demand.

Freestone’s successful demonstrations have resulted in immediate interest from multiple groups, and negotiations are underway to build commercial-grade units. Over the next few weeks Freestone will continue to demonstrate the technology to its financial and strategic partners. “We feel that this is a pivotal and historic moment in the history of Freestone Resources, and we are thrilled with the growing interest in the technology,” said Clayton Carter, Chief Executive Officer of Freestone Resources. “Over the next year our goal is to develop partnerships that will allow for the utilization of our technology in the various oil extraction applications.”

About Freestone Resources, Inc.:

Freestone Resources is a Dallas, Texas-based oil and gas technology development company. The continuing goal of the Company is to develop new technologies that allow for the utilization of our vast resources in an environmentally responsible and cost effective way.

SAFE HARBOR STATEMENTS:

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.