CEAPRO INC.
TSX VENTURE : CZO

CEAPRO INC.

January 22, 2007 09:00 ET

Ceapro ranks 24th on Alberta Venture's Fast 50 list of Alberta growth businesses

EDMONTON, Jan. 22 - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. -

Ceapro Inc. (TSX VENTURE:CZO) ("Ceapro" or the "Corporation")
has been ranked 24th on Alberta Venture's 2007 "Fast 50"
list of growth-oriented businesses in Alberta with revenues under $20 million.
This is the third time in four years that Ceapro has been recognized by
Alberta Venture on the magazine's annual list of Alberta's Growth Champions.
In partnership with KPMG, ATB Financial, Alberta Research Council, Parlee
McLaws LLP, Robert Half International, and TEC, Alberta Venture selected
Ceapro from the over 1,700 growth questionnaires received.

"We are pleased to receive recognition for our hard work and
determination and I wish to thank all our employees for their dedication and
enthusiasm in participating in the growth of our company," stated Dr. Mark
Redmond, Ceapro's President and CEO.

Alberta Venture is a business periodical with a readership of over
244,000. Ceapro will be featured in the January/February 2007 issue cover
story of the Fast 50 list of Alberta businesses. A reception will be held in
Calgary on February 8, 2007 to honor this year's Fast 50.

About Ceapro Inc.

Ceapro Inc is a Canadian growth stage biotechnology company. Ceapro's
core technology is the extraction of functional, active ingredients from
plants and other renewable resources. We add further value to our extracts by
manufacturing medical and therapeutic products, and by supporting the use of
our extracts in products for human and animal health. We have also introduced
health and wellness services employing our CeaProve® diagnostic technology.
Our most recent initiative is the creation of Ceapro BioEnergy Inc. (CBE), a
wholly-owned subsidiary to utilize Ceapro's proprietary technology for the
production of ethanol and value-added products. Ceapro shares trade on the
Canadian TSX Venture Exchange under the symbol CZO. To learn more about
Ceapro, visit our website at www.ceapro.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this news release.

This release may contain forward-looking statements. Various factors
could cause actual results to differ materially from those projected in
forward-looking statements. Although the Company believes that the
forward-looking statements contained herein are reasonable, it can give no
assurance that the Company's expectations are correct. All forward-looking
statements are expressly qualified in their entirety by this cautionary
statement.

Contact Information

  • Dr. Mark Redmond, President and CEO, Ceapro
    Inc., Telephone (Edmonton): (780) 421-4555; Nicole Blanchard, B.Sc.,B.Comm.,
    Managing Partner, Sun International Communications, Telephone (Montreal):
    (450) 627-6600