Tiger Ethanol International Inc.
OTC Bulletin Board : TGEI

Tiger Ethanol International Inc.

October 17, 2007 16:00 ET

Ethanol Production Facility 80% Complete Months Ahead of Schedule and on-Budget

MONTREAL, QUEBEC--(Marketwire - Oct. 17, 2007) - Tiger Ethanol International (OTCBB:TGEI.OB) announced today that the construction of the Hami Ethanol plant is more than 80% complete and approximately four months ahead of schedule.

The construction, started in March 2007, has benefited from the full cooperation given to our management team by various contractors and particularly by the local government resulting in an expedited construction process as compared to our plan. The status of major construction elements are:

a. Ethanol Plant - 70% complete

b. DDGS Plant - 70% complete

c. Plant Office Building and on-site Employee Dormitory - Completed

d. 5 Distillate Towers - 90% complete

e. Biomass Storage Warehouse - Completed

f. Silos for ethanol and sugar juice storage - Completed

g. Steam Plant - 90% complete

h. Water Treatment Plants - 90% complete

i. Roads, Piping and others - 80% complete

All outside construction of the 100,192 sq meter site with 21,200 sq meter road network within the plant site is expected to be completed by mid November 2007. The Plant Office Building, on-site Employee Dormitory and Biomass Storage Warehouse were completed in August and passed government inspection in September.

Mr. James Leung, President and CEO states: "I am very proud of our management team accomplishments. We have seen projects of this magnitude take more than eighteen months to complete. Thanks to their efforts we are scheduling the first production run testing in the first quarter of 2008, barely twelve months after the start of construction."

"I am also pleased to report that over the last six months, contrary to what is happening in other markets, ethanol and DDGS (animal feed) market prices have steadily increased in our market area. In March 2007, the price for ethanol and DDGS was about USD $570 and $130/ton respectively. In September, ethanol and DDGS was about USD $653 and $200/ton respectively. The price for the biomass has remained steady for corn at $165/ton and sugar juice at $95/ton. The biomass we intend to use in plant operation will be 85% corn and 15% sugar juice. The use of sugar juice in our biomass mix is expected to reduce our manufacturing cost. We continue to evaluate alternative biomass options and are presently negotiating with the local governments and producers for supply of such biomass. With this in mind we have designed our plant and equipment to allow us reasonable flexibility in biomass selection."

About the Company.

The Company is a development stage company which owns 90% of Xinjiang Yajia Distillate Company Limited, a Chinese entity which plans to construct a facility to produce ethanol in the People's Republic of China (the remaining 10% of Xinjiang Yajia Distillate Company Limited is owned by Xinjiang Wangye Brewing Co. Ltd. and Guangdong Kecheng Trading Co. Ltd.). The Company intends to produce ethanol from agricultural products.

Forward-Looking Statements

This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. The Company cannot provide assurances that the matters described in this press release will be successfully completed or that the Company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the Company's ability to retain key management and employees; intense competition and the Company's ability to meet demand at competitive prices; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company's SEC filings. The Company undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with the Company's business, please refer to the risks and uncertainties detailed from time to time in the Company's SEC filings.

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