BioNitrogen Corp.
PINKSHEETS : BION

BioNitrogen Corp.

April 17, 2012 09:50 ET

BioNitrogen Corp. (BION) Announces Operations Update for Lubbock Texas Plant

MIAMI, FLORIDA--(Marketwire - April 17, 2012) - BioNitrogen Corp. (PINKSHEETS:BION) ("BioNitrogen" or "the Company") is pleased to announce the following update report on operations at the proposed Lubbock urea fertilizer plant in Texas, U.S.A.

As previously reported on February 22, 2012, BioNitrogen announced that it has secured a forty-nine (49) acre parcel of land to construct the Company's inaugural plant in Lubbock.

On April 9th, 2012, the Company formed BioNitrogen Texas 01, LLC, a Texas Limited Liability company as a 100% wholly-owned subsidiary of parent BioNitrogen Corporation. The Articles of Association were submitted the same day to the Secretary of State in the State of Texas.

BioNitrogen Texas 01 is the Company that will acquire title to the land currently under contract in Lubbock set to close by May 22, 2012.

Further the Company is pleased to report it has submitted all necessary information to The Planning and Zoning Commission of the City of Lubbock, and the Commission has issued a Letter of Recommendation to the City Council that the request filed by BioNitrogen for zoning change in Case No. 3174 be granted. Company management expects a positive response in the upcoming hearing.

The Company is also pleased to announce the Lubbock property Phase 1 Environmental Site Assessment Report performed by 8X Environmental, Inc. was delivered on March 8, 2012, 4 days ahead of schedule. The report findings were positive for the Company, with a minor exception that is currently being remedied by the Seller. The Company will now move forward and complete both a perimeter survey (alpha survey) as well as topographical survey in compliance with ALTA regulations.

Finally, as further reported on February 22, 2012, the Company has confirmed with KBR the potential for two (2) production lines which when completed will produce a total of 228,400 tons / year. It is anticipated that one (1) production line will produce prilled urea and that the second line will produce liquid form urea or UAN as it is commonly referred to. And as further reported, the Company estimates that the annual economic potential associated with the proposed Lubbock Plant could be as much as $77,128,000 USD (1).

About BioNitrogen Corp.

BioNitrogen is an entrepreneurial, American company that has been established to design and to build fully operational, turnkey manufacturing facilities to produce urea. BioNitrogen is undertaking these efforts in response to the challenges presented by an ever expanding world population, a rapidly increased need for food production, and an awareness of the fragility of the world's environment. Given all these challenges and the promise that the Company's products possess to effectively respond to these challenges, the Company believes that it is positioned at the right place and time. BioNitrogen's modular plant designs are capable of manufacturing 15 tons of urea fertilizer per hour for a total annual production of approximately 124,200 tons per plant.

BioNitrogen is headquartered in Miami, Florida, USA and trades on the over-the-counter pink current information tier under the stock symbol BION. Learn more at www.BioNitrogen.com/Invest_Today.

Additional information can be found on BioNitrogen's website at www.BioNitrogen.com and an executive corporate summary video can be viewed here, www.BioNitrogen.com/slides/bionitrogen-video.

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - This press release contains forward-looking statements, including without limitation statements about the operations and future prospects for BioNitrogen Corp. (the "Company"). Forward-looking statements in this press release should not be viewed as pledges or undertakings regarding future performance. These forward-looking statements are subject to risks and uncertainties that could cause the Company's actual results to vary materially from those anticipated. The Company cautions the reader not to place too much reliance upon any such forward-looking statements, because such forward-looking statements reflect the opinions and beliefs of the Company only as of the date when they were made. Factors that may cause actual results to differ materially from the forward-looking statements contained in this release include, among others, the following: (i) the Company's future operational, financial or marketing performance; (ii) the ability of the Company to bring new products to market that are complementary to the products that the Company currently produces; (iii) the ability of the Company to increase or maintain profit margins on the products it offers to the marketplace; (iv) the strength of the Company's product development pipeline; (v) the Company's growth and profitability prospects; (vi) the estimated size and growth prospects of the natural fertilizer market; (vii) the Company's competitive position in the natural fertilizer market and its ability to take advantage of future opportunities in this market; (viii) the benefits of the Company's products to be realized by customers; (ix) the receptiveness of the agricultural and commercial market for bulk urea or other products that the Company manufactures; and (x) a reduction in the cost of natural gas or other inputs that may make the cost of producing urea using alternate methods less expensive compared to the cost of producing urea at one of the Company's plants. Forward-looking statements are based on management's beliefs and opinions at the time the statements are made. The Company does not have any obligation to update forward-looking statements should circumstances change or should management's beliefs or opinions change.

(1) www.bionitrogen.com/2011/11/03/fertilizer-prices-may-rise-by-spring

The numbers are calculated assuming an average per ton rate of $621

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