BioExx Specialty Proteins Ltd.

BioExx Specialty Proteins Ltd.

October 21, 2010 07:15 ET

BioExx Provides Confirmation of AGM Results

Also Provides Operations Update

TORONTO, ONTARIO--(Marketwire - Oct. 21, 2010) - Due to an inadvertent omission immediately following its AGM earlier in the year, BioExx Specialty Proteins Ltd. (TSX:BXI) ("BioExx") is today providing formal notice that it held its Annual and Special Meeting of Shareholders on June 17, 2010, where all of the resolutions that shareholders were asked to consider at the Meeting were approved by a majority of the votes cast at the Meeting. Shareholders accepted the Company's fiscal year 2009 financial statements and re-elected Chris Carl, Chris Schnarr, Paul McClory, Peter Lacey, John MacDonald and William Ollerhead to serve as directors on the Company's board of directors. Shareholders also approved certain amendments to the Company's incentive Stock Option Plan, intended to bring the Plan in line with Toronto Stock Exchange comparables after the migration of the Company from the Toronto Venture Exchange earlier in the year.

Operations Update

While there will be more details forthcoming after continuous operations have commenced, BioExx is pleased to report that it is nearing completion of the various adjustments and final ancillary system installation work required to allow the company to commence continuous food-grade production at its Saskatoon facility. During this final preparation period, the engineering and operations team has, as always, exercised tremendous diligence in an effort to smooth the transition to continuous operations. This period has also been used to complete various staffing and training requirements as well as to finalize HACCP operating procedures so that the certification audit can commence as soon as practical.

About BioExx Specialty Proteins Ltd.

Headquartered in Toronto, Canada, BioExx is a leading technology and industrial processing company focused on the extraction of oil and high-value proteins from oilseeds for the global food, beverage, and nutrition markets. BioExx uses patented and patent-pending technology that utilizes significantly lower temperatures than conventional methods for extracting the final quantities of oil necessary to enable its simplified and patent-pending methods for separating proteins from oilseeds. Relative to other commercial processes, the low temperature BioExx process results in comparatively low energy requirements environmentally sound extraction and protein separation processes, and very high human food yield that cumulatively have the potential to make a highly valuable contribution to global food and protein supply while maintaining an excellent environmentally sustainable footprint. BioExx operates a commercial scale extraction facility in Saskatoon, Saskatchewan, is in development stages on it second plant in Minot, North Dakota and has a mission to construct additional and larger processing facilities on a global basis.

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