ESP Resources, Inc. Announces Joint Venture Agreement With McFreeport Corporation

SCOTT, La., July 1 /PRNewswire-FirstCall/ -- ESP Resources, Inc.(OTC Bulletin Board: ESPI) announces the signing of a Joint Venture Agreement with McFreeport Corporation, located in Maurice, LA, and ESP Petrochemicals, a wholly-owned subsidiary of ESP Resources, Inc.

ESP Petrochemicals will supply chemical treatment technology, certified staff (technicians, engineers and field supervisors), chemical treatment technology, chemical mixing, pumping and delivery equipment, and laboratory analytical services.

As a Government Services Administration Prime Contractor and Administrator, McFreeport Corporation will monitor state and federal sites for applications and uses of the joint venture's supply and service capabilities. The company also is a designated disabled veteran corporation and maintains 8a certification, and provides services and expertise in the fields of soil remediation, oil spill cleanup and in-situ operations.

ESP Petrochemicals product line and project management skills will provide additional support to McFreeport's expertise in the soil remediation and oil spill cleanup markets. ESP Petrochemicals will assist McFreeport in the procurement of business opportunities within companies like Exxon Mobil Corporation, Chevron Corporation and ConocoPhillips, who have established programs that obtain products and services from 8a and disabled veteran designated companies.

"The joint venture between McFreeport Corporation and ESP will be of mutual benefit to each company," said David Dugas, President of ESP Resources, Inc. "The establishment of our joint venture is timely considering the growing environmental disaster in the Gulf of Mexico. We plan an aggressive expansion by seeking opportunities for our products and services within federal, state and local government environments for the remainder of 2010 and 2011. We believe that the ESP team of experienced sales and service technicians coupled with our superior petrochemical product line will assist in the deployment of our contract procurement strategy."

About ESP Resources, Inc.

ESP Resources, Inc. is a publicly traded petrochemical company (OTCBB: ESPI) headquartered in Scott, LA. Through its wholly owned subsidiary, ESP Petrochemicals, Inc., ESP is a manufacturer, blender, distributor, and marketer of specialty chemicals and analytical services to the oil and gas industry. ESP supplies retail and wholesale specialty chemicals for a variety of oil field applications including production, drilling, waste remediation, cleaning, and waste water treatment. From its 11,000 square foot blending and distribution facility, ESP distributes its product line throughout the Gulf Coast region of Louisiana, Texas, Mississippi, and Alabama, both onshore and offshore. The wholesale division of the company supplies specialty chemicals to several retailers operating in West Africa. The company's senior management has over 100 years of combined operating experience in the petrochemical industry. www.espresourcescorp.com

Legal Notice Regarding Forward-Looking Statements

This press release contains "forward looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements.

Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release. In evaluating these statements, you should consider the risks discussed, from time to time, in the reports we file with the US Securities and Exchange Commission. For a discussion of some of the risks and important factors that could affect the firm's future results and financial condition, see "Risk Factors" in Part I, Item 1A of the firm's Annual Report on Form 10-K for the fiscal year ended December 31, 2009, and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Part II, Item 7 of the firm's Annual Report on Form 10-K for the fiscal year ended December 31, 2009.

Numerous federal and state agencies have programs established for the use of products and services provided by qualified 8a designated companies such as McFreeport Corporation in their areas of expertise. ESP Petrochemicals will provide additional expertise to McFreeport with the supply of chemical engineering technologies, proprietary blended chemical products, and technical field operations support and management.

SOURCE ESP Resources, Inc.