SOURCE: Raven Biofuels Corp.

January 27, 2010 17:33 ET

Raven Initiates Comprehensive Fibre Study for Proposed Tk'emlups Biorefinery Project

ATLANTA, GA--(Marketwire - January 27, 2010) - Raven Biofuels International Corporation (PINKSHEETS: RVBF) ("Raven" or the "Company") is pleased to announce that its Canadian Development Partner, Raven Biofuels Ltd (RBL) and Joint Venture Partner, The Kamloops Indian Band (KIB), have retained a leading Canadian forestry consulting firm specialising in resource inventory and analysis to complete a comprehensive fibre study in conjunction with the Tk'emlups Biorefinery Project.

The overall objective of this study is to define the 20-year economic wood fibre tributary to the planned Tk'emlups Biorefinery facility. In order to meet this objective the following will be defined:

  • Define the appropriate fibre attributes;
  • Complete a fibre supply overview;
  • Determine cost estimates by fibre source;
  • Identifiy various fibre sourcing options; and
  • Provide recommendations to economically secure the required fibre.

John Sams, President of Raven Biofuels, commented, "This is one of many key steps towards locking in the viability of a biorefinery. I am pleased that our Canadian partners are laying the foundation by extensively analysing these issues."

The proposed 11 million gallon per year (11MGY) integrated biorefinery could be one of the first of a commercial scale in North America. British Columbia, Canada has immense possibilities for the use of waste wood generated from the forestry sector and pine beetle devastated forests. The BC Ministry of Forests and Range estimates that as of 2008 the cumulative area of provincial Crown forest affected to some degree by the pine beetle (red-attack and grey-attack) was about 14.5 million hectares. The ministry also estimates that a cumulative total of 620 million cubic metres of timber have been affected since the current infestation began.

The study will focus on wood fibre economically accessible to Kamloops. This overview will include fibre from the Kamloops Timber Supply Area (TSA), along with the Merritt, Okanagan, Lillooet and 100 Mile TSA's. Fibre from private land, Indian reserve, tree farm licences, community forests and woodlots will not been included in this study due to lack of consistent publically available data for these land tenures. Also, fibre in the form of mill residuals (chips) is not within the scope of this study.

About Raven Biofuels International Corporation (PINKSHEETS: RVBF)

Raven Biofuels is a clean energy technology company focused on developing technologies to produce transportation fuels and green chemicals from waste or biomass. Raven plans to build integrated biorefineries using proprietary technology.

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Notice Regarding Forward-Looking Statements

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding the ability of Raven Biofuels International Corporation ("Raven" or the "Company") to construct any ethanol plants or proceed with the commercialization of its technology or that it will be able to exploit, develop, acquire, finance, operate, or make profitable, any of the commercial opportunities discussed or described herein. These forward-looking statements are not historical facts and can be identified by the use of forward-looking words or phraseology such as "believes," "expects," "may," "intends," "anticipates," "plans," "estimates," and analogous or similar other expressions intended to identify such forward-looking statements. Actual results could differ materially from those reflected in such forward-looking statements. Raven and its principals will not assume any obligation to update any of the forward-looking statements to reflect any events, facts, or circumstances that may arise other than as may be required by applicable law or regulation.

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