Sigur Palace, Inc. aka Freedom Energy Holdings Secures South African Multi-Million Dollar Housing Initiative

FORT WAYNE, IN--(Marketwired - Sep 9, 2014) - Freedom Energy Holdings, Inc. (OTC: FDMF): Freedom Energy Holdings Inc., a subsidiary of Sigur Holdings (Pty) Ltd, today announced today that the Company has been awarded 300 hectares or about 750 acres of prime land for development in Estcourt, Kwazulu Natal, South Africa.

Tiny Diswai - Moremi, Chairman of the Board, reports, "Estcourt is located approximately 100 miles northwest of the Coastal Port of Durban, South Africa. The Kwazulu Natal Province has the highest population in the country, the Census'96 figures reveal. The province's population is more than 8.4 million and is the home of the infamous ZULU tribe and the mighty SHAKA ZULU warrior. A very interesting fact is that the major source of water supply is dams/rivers/streams/springs. Only 8.7% of people in the province have access to piped water on-site or in yards. This is part of a major initiative by the South African Government to bring a better and higher standard of living to its people."

The Ephangweni Communal Property Council currently owns the land and has granted Sigur Palace, Inc. aka Freedom Energy Holdings, Inc. a 99 year (free) lease for the future development and is renewable for an additional 99 years. Sigur Palace, Inc. in partnership with Imbabazane Municipality and Ephangweni Communal Property Association will build the infrastructure to support not less than 5,000 homes ranging from single family stand alone residences to multi-family condominiums. Construction will begin in November 2014 and will be handled through a tender process and in house contractors. The cost to build the typical house will range from $25,000 to $40,000 and sold to the public for $60,000 to $90,000. The cost to build the typical Condo unit will range from $10,000 to $18,000 and sold to the public for $25,000 to $45,000 per unit. Additionally, there will be a Golf Estate and Golf Course built to support 2,000 homes with cost ranging from $55,000 to $155,000 and sold to the public for $350,000 to $700,000.

Ms Phindile Strydom, Mayor of Imbabazane Municipality, commented, "We are extremely excited and are in support of this development for our people. This will boost Local Economic Development (LED). The development will create employment and sustainable living for our people. The whole Business plan is in line with the Municipal Integrated Development Plan (IDP).