Formation Fluid Management Inc. Announces Option Grant

CALGARY, ALBERTA--(Marketwired - April 17, 2014) - Formation Fluid Management Inc. (the "Company" or "Formation Fluid") (TSX VENTURE:FFM) announces that the board of directors has approved the grant of 500,000 incentive stock options (the "Options") pursuant to the Company's shareholder approved incentive stock option plan (the "Stock Option Plan"). The Options were granted to a director of the Company, will vest immediately and are exercisable at a price of $0.23 per share until April 17, 2019, subject to the terms of the Stock Option Plan. The Option grant is subject to TSX Venture Exchange approval.

About Formation Fluid

Formation Fluid Technology has developed a waste water treatment plan that uses a proprietary process to clean waste water. The system is mobile and can be scaled to process required volumes. This system treats water to meet or exceed CCME Guidelines (Canadian Environmental Quality Guidelines), resulting in reusable water that can be used for: Boilers, Frac Water, Water Floods, and Drilling Operations. Formation Fluids is seeking to service a significantly underdeveloped segment within the oil and gas industry; its waste water treatment system is intended to cost effectively deal with produced water while satisfying the need to reuse and recycle an increasing valuable resource. For more information, please visit www.formationfluid.com.

On behalf of the Board of Directors.

Ken Rose, Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.