Bio-Extraction Inc.
TSX VENTURE : BXI

Bio-Extraction Inc.

June 19, 2007 07:00 ET

BioExx Joins Colorado Center for BioRefining and BioFuels

TORONTO, ONTARIO--(Marketwire - June 19, 2007) -

Attention Business Editors:

Bio-Extraction Inc. (TSX VENTURE:BXI) ("BioExx") (http://www.bioexx.com) is pleased to announce it has it has agreed to join the Colorado Center for BioRefining and BioFuels. Known as C2B2, the Center's mission is to become the world's leading center for research on the conversion of biomass to fuels and other products. "Our vision extends from crops to chemicals to fuels," said Ryan Gill, CU-Boulder assistant professor of chemical and biological engineering and C2B2's managing director. "We aim to speed the development of an entirely new industry in an area of critical national need."

To achieve this goal, the Center has invited several key companies to become associate members. The Center includes some of North America's leading energy and chemical companies as well as a few carefully selected companies that have demonstrated technologies which can have a significant positive impact on the BioFuels industry. All of the approximately twenty members will meet at least twice per year and numerous one-on-one interactions are expected to ensue. C2B2 will work to create new technologies for the production of transportation fuels and other valuable products from plants. In addition to transportation fuels, biorefining promises to create new sources of agricultural fertilizers, synthetic fibers for clothing and other uses, plastics and commercial chemicals. For more details on C2B2, and a more detailed list of its members, please follow this link to an article in the Denver post: http://www.denverpost.com/search/ci_5475269.

BioExx was asked to join the Center because it owns technology that allows for the extraction of virtually 100% of the oils from oilseed crops while at the same time maintaining a significant percentage of the proteins, in their highest value form. Other known processes for separating the oil from the seed recover a significantly lower percentage of oil and/or denature the proteins because high temperature is being applied in the extraction process. Since the proteins can have a significant saleable value, the added revenue can substantially reduce the cost of producing biodiesel and other industrial oilseed-based products.

"We believe that C2B2 provides an excellent platform for BioExx to develop and to demonstrate its unique technology to some of the most important companies in the BioFuels industry and we believe that BioExx can make a significant contribution toward the success of the Center," says Chris Carl, President of BioExx. "We look forward to becoming a very active participant in what will undoubtedly become one of North America's leading organizations involved in the development of a mature and sustainable BioFuels industry."

About Bio-Extraction Inc.

BioExx is involved in the development and commercialization of extraction technology, which it intends to use to extract various active ingredients from organic and inorganic materials, as a service to industrial customers. Global in scope, the BioExx target markets include extractions in pharmaceutical, nutraceutical, food oils and fixed oils (including bio-fuels) and industrial cleansing (eg. specialty steels). Versus traditional technologies, the BioExx technology can provide customers with the benefit of lower extraction costs, higher quality extracted materials, and incremental revenue opportunities as its extraction process does not destroy inherent proteins and other valuable compounds - with all this being completed in an environmentally responsible manner.

To find out more about Bio-Extraction Inc. (TSX VENTURE:BXI), please visit our website at http://www.bioexx.com.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

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