$FIMA .008 Fima Inc. Announces Reaching an Agreement to Acquire Producing Oil Leases for 5 Million USD

CALGARY, AB, Oct 10, 2012 (MARKETWIRE via COMTEX) -- In connection with the company's stated objective to become an oil exploration and production company, Fima Inc. (PINKSHEETS: FIMA) is pleased to announce that it has reached an agreement with American Eagle Operating, LLC to acquire the majority working interest in 6 producing oil leases in Wichita County, Texas. The acquired leases are comprised of 670 acres, and a total of 73 wells that are located on the leases. There are 65 oil wells with 57 currently producing and 8 water disposal/injection wells. There are over 50 developmental drilling sites available for future growth. Fima is in receipt of a qualified reserve report dated September 24th, 2012 prepared by Nova Resource Inc., which values the properties using a 10% NPV at $24,150,178. The purchase price will be a combination of shares and notes, and is subject to the entering into of a Definitive Purchase Agreement. The company is planning a drilling program to increase production.

Management will keep shareholders informed of events as they develop.