FSI

FSI Energy Services Inc. (TSX VENTURE:FSI) ("FSI") is pleased to announce that
it has closed a non- brokered private placement of 4,545,446 common shares at
$0.11 per common share, for gross proceeds of approximately $500,000. The common
shares issued in connection with the private placement are subject to a
four-month hold period from the closing date, as prescribed by the TSX Venture
Exchange and applicable securities laws.


Directors and officers of FSI acquired approximately 50% of the common shares
under the private placement, including Richard Ball, President and CEO and a
Director, Ian Ball, CFO and Vice-President and a Director, and Perry Ball,
Vice-President, each of whom subscribed for $83,333 or 757,573 common shares.
Such participation is considered to be a "related party transaction" as defined
under Multilateral Instrument 61-101 ("MI 61-101"). The transaction was exempt
from the formal valuation and minority shareholder approval requirements of MI
61-101 as neither the fair market value of any common shares issued to nor the
consideration paid by such persons exceeded 25% of FSI's market capitalization
calculated as of the close of trading on the TSX Venture Exchange at the time
the private placement was agreed to.


About FSI

Through its wholly owned subsidiary FSI International Services Ltd., FSI Energy
Services Inc. is a Calgary-based manufacturing and service company specializing
in customized filtration, filtration- related technologies and Brine Plants for
the energy, chemical, and water treatment industries.

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