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Freestone Resources CEO Travels to New Orleans to Demonstrate Oil Spill Cleanup Technology

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^{Published in Stocks and Investing on Tuesday, May 18th 2010 at 7:20 GMT by Market Wire}  

DALLAS, TX--(Marketwire - May 18, 2010) - Freestone Resources, Inc. (OTCBB: [ FSNR ]) announces that Clayton Carter, President and CEO of the Company, and Michael McGhan, corporate Advisor to the Company, will travel to New Orleans this Wednesday, May 19, 2010, in order to demonstrate the Company's EncapSol product. Mr. Carter and Mr. McGhan will demonstrate how EncapSol can be used in the current oil spill crisis in the Gulf of Mexico to various companies involved in the cleanup effort.

"This is one of the worst oil spills since the Valdez crisis, and it will quickly become a national tragedy if we don't take immediate action. I strongly believe that the cleanup effort will greatly benefit from our EncapSol technology," said Mr. Carter. "Unlike many of the surfactants, dispersants and chemicals currently used, EncapSol is a non-toxic technology with the ability to fully encapsulate the oil and protect plants and wildlife from the contamination. I will be traveling to New Orleans with Mr. McGhan in order to demonstrate our EncapSol technology to companies involved in the current crisis."

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.

About EncapSol:

EncapSol is a unique, proprietary, environmentally friendly and non-flammable oil recovery solvent that chemically breaks the molecular bonds that bind hydrocarbon (oil) molecules to water, clay, sand, rock and other mediums leaving them clean and free of oil. The end result of this process produces a complete separation of the encapsulated hydrocarbons from its original environment while avoiding the typical detrimental impact of current industry methods. (For more information please visit: [ http://encapsol.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 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.