Press ReleaseSource: FIMA Development, Inc.

FIMA, Inc. Acquires Twenty-Four Oil and Gas Leases in New Mexico
Thursday April 10, 2008 8:32 am ET

HUNTINGTON BEACH, CA--(MARKET WIRE)--Apr 10, 2008 -- FIMA, Inc. (Other OTC:FIMA.PK - News), 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, announced today that the Company has finalized an Agreement to acquire 24 oil and gas leases in the productive region of New Mexico from Six Eighteen Corp. The specific terms of the deal were not disclosed.

According to a FIMA spokesperson, "With oil now reaching $112 per barrel and natural gas also experiencing strong gains, we are extremely pleased to be able to add these potentially lucrative assets to our portfolio. In 2007 alone, New Mexico produced 1,523,550,719 Mcf of natural gas and 58.83 Million barrels of oil. These impressive production levels are demonstrative of the exceptional opportunities present in the region, and we are extremely optimistic about the potential of this latest acquisition to bring added value to our shareholders."

About FIMA, Inc.:

FIMA is engaged in a diverse range of land development and utilization activities, such as the acquisition of raw land and the design and construction of commercial and luxury real estate in the resort regions of Mexico, resource exploration and development in Central and South America, and the acquisition and development of mining properties and mining rights in Central and South America. FIMA operates several subsidiaries, including a prestigious architectural design and construction firm based in Puebla, Mexico, as well as an integrated resource exploration and mining company with holdings in the prolific gold- and silver-producing regions of Colombia. For more information, visit the Company website at: www.fimadevelopmentinc.com.

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:
     Contact:
     FIMA, Inc.
     714-847-2460
     Email Contact
      

Source: FIMA Development, Inc.


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