SOURCE: BioCentric Energy Holdings Inc.

October 15, 2008 08:30 ET

Management of BioCentric Energy (BEHL) Define the Next Three Years for BioCentric Energy, a Green Energy Solutions Provider

HUNTINGTON BEACH, CA--(Marketwire - October 15, 2008) - BioCentric Energy's (PINKSHEETS: BEHL) Management, in a meeting today with all subsidiaries and division personnel, defined the five implementing projects for the next three years to interface for optimum productivity.

Specifically these are the Division Projects of BioCentric Energy with objectives...

   1. Lake Elsinore, California -- a 100+ year old company that has the
      distinction of one of the top users of natural gas in California --
      in a Joint Venture with Southern Pacific Energy we will deliver CO2
      reduction and profitable Algae growth for production of oil to
      biodiesel, and gasifying the residue to biogas to produce
      electricity.

   2. Wuhan, China -- Coal fired Steel facility emitting 40,000 tons of
      CO2 per year -- in a Joint Venture with Zenxin we will deliver an
      algae solution to reduce CO2 emissions and generate our profitable
      algae solution for production of oil to biodiesel, and gasifying the
      residue to biogas to produce electricity.

   3. Orange County, Texas -- 54 acres owned by our Joint Venture Partners
      PEI who purchased a prior Exxon refinery for our three phase project.

   a) Phase One -- utilizing the refinery assets on the ground to purify
      offspec products for local chemical facilities.
   b) Phase Two -- The installation of our unique solution for Used Tires
      to deliver #4 heating oil, stainless steel, carbon black, and syngas
      for energy needs replacement for the onsite refinery.
   c) Phase Three -- The installation of our second unique solution of
      Chinese Tallow and green wastes to generate a non food source
      biodiesel feedstock, green charcoal for power generation, and biogas
      for electrical generation.

   4. BioCentric Consortium -- Facilitating the sale and delivery of
      Organic Oils for Biodiesel Production and EN/ASTM Spec Biodiesel.

   5. Organizing and Facilitating Farmer Co-op in Peru to place BioCentric
      Energy Inc. as Mandate to facilitate the planting, harvesting, sale,
      and delivery of organic biodiesel feedstock.

Dennis Fisher, CEO and President for BioCentric Energy Inc., stated today, "Each Division Director is required to be well versed with the other division's progress to utilize and integrate that knowledge to expedite their timelines. The entire team shares the vision of BioCentric Energy and understands the ramifications of success. Our passion to create a lasting footprint for our children's future is the power behind our devotion."

About BioCentric Energy Incorporated:

BioCentric Energy, Inc. is primarily a research & development company, whose principals are involved in seeking innovative green energy solutions for the 21st Century. Our mission is to increase the company's value through the discovery, development, and implementation of renewable energy projects. BioCentric Energy, Inc. is dedicated to the development of new technologies as well as acquiring and fostering companies with innovative technologies designed to provide unique and effective green energy solutions for the 21st century. Along with the cultivation of important relationships and partnerships with synergistic entities, BioCentric Energy has devoted substantial time and effort in research and development in order to bring a range of innovative green energy alternatives to the marketplace.

Safe Harbor Statement:

Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.

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