Bio-Extraction Inc.
TSX VENTURE : BXI

Bio-Extraction Inc.

March 02, 2009 07:00 ET

BioExx Commences Production at Saskatoon Plant

TORONTO, ONTARIO--(Marketwire - March 2, 2009) - Bio-Extraction Inc. (TSX VENTURE:BXI) ("BioExx" or "the Company") is pleased to announce that it has commenced production of its canola processing operations at its Saskatoon facility. Ramp up will start gradually during the first few weeks to allow for process optimization and product quality adjustments, with an expectation to reach full 24/7 operations over the next 60 days.

With a rated input capacity of 40,000 metric tonnes of canola seed per year, the BioExx processing operation will initially produce specialty non-GMO expeller oils for food markets, and a high-energy meal for animal feed markets. Following the successful ramp of this phase, the Company will bring on-line its proprietary extraction operations in Q2, followed by its protein concentrate operations in Q3.

About Bio-Extraction Inc.

Headquartered in Toronto, Canada, BioExx is a leading technology company focused on the extraction of oil and high-value proteins from oilseeds for the global food market. BioExx' patented technology allows for the use of significantly lower temperatures than conventional methods in extracting the active ingredients and oils from oilseeds, resulting in higher yields and higher-quality meal, oils and proteins. BioExx' low energy requirements, environmentally sound process, and high-yield production have the potential to make a valuable contribution in alleviating food scarcity. BioExx operates a commercial scale extraction facility in Saskatoon, Saskatchewan, and has a mission to construct additional and larger processing facilities on a global basis. To find out more about Bio-Extraction Inc. (TSX VENTURE:BXI), please visit www.bioexx.com.

The statements made in this press release include forward-looking statements that involve a number of risks and uncertainties. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements, such as the economy, generally, the demand for BioExx' products, the availability of funding, and the anticipated costs of BioExx' plant construction and operation. These forward-looking statements are made as of the date hereof and BioExx does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from BioExx' expectations and projections.

The TSX Venture Exchange has not reviewed this press release and neither approved nor disapproved the information contained in this press release.

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