SOURCE: Raven Biofuels International Corporation

November 19, 2008 08:00 ET

Raven Biofuels Accelerates Mississippi Cellulosic Ethanol Biorefinery Project by Signing Agreement With Larson Engineering

PARAMUS, NJ--(Marketwire - November 19, 2008) - Raven Biofuels International Corporation (OTCBB: RVBF) ("Raven" or the "Company") is pleased to announce that it has entered into an agreement with Larson Engineering ("Larson") to begin engineering for Raven's proposed Mississippi biorefinery. Larson has been involved with 50+ ethanol and biofuels facilities throughout the U.S.

As previously announced, the planned 33 million gallon per year biorefinery on a 35-acre site offers regional benefits such as favorably lower feedstock and labor costs combined with strong State incentives such as The Gulf Opportunity Zone (GO Zone). In association with the GO Zone initiatives, the project plan also includes an adjacent cogeneration facility to be developed in cooperation with local utilities. The Gulf Opportunity Zone Act was passed into law on Dec 21, 2005 as an initiative to rebuilding the region devastated by multiple hurricanes (Wilma, Rita and Katrina) in 2005.

Along with Raven's management, Larson will be responsible for conducting site development, geotechnical, permitting and detailed process design work leading to groundbreaking and commercial operation. Larson will serve as Raven's owner engineer for the duration of the project performing equipment specification, detailed engineering, material procurement and construction management.

John Sams, Raven's President & COO, said, "Raven looks forward to moving the recently announced Mississippi project forward through the selection of Larson Engineering as our Owner's Engineer. Larson's experience in the ethanol industry, as well as pulp & paper industry provides an accelerated path for deploying our cellulosic ethanol biorefinery technology in the southern United States. This is a strategic location based on the facility's proximity to the gulf coast's oil & gas industry and will provide the seed for the profitable growth of Raven."

Lee A. Granquist, P.E., President of Larson Engineering, said, "Larson is well positioned to assist Raven in the launch of its cellulosic ethanol biorefinery technology. Larson's Atlanta office has many years of experience throughout the southern United States and our depth of knowledge in the ethanol market technologies will provide for a cost-effective and efficient roll out of Raven's technology."

Further specifics outlining the agreements between both parties will be made upon completion of negotiations, full details of which will be made publicly available at that time as part of the Company's regulatory disclosure filings with the Securities and Exchange Commission ("SEC").

About Larson Engineering (www.larsonengr.com)

Larson's expertise in process industry engineering is wide-reaching and includes work on chemical, oil, gas, pulp and paper, steel and metal processing projects. Their goal is to make processes more efficient, by enhancing product quality and increasing productivity. Larson's has broad experience and knowledge, which includes complete design of ethanol and biofuel plants, steam and power generation systems, bulk material and wood handling systems, and extensive pulp and paper mill process design know-how. For more information visit: www.larsonengr.com.

About Raven Biofuels International Corporation (OTCBB: RVBF)

Raven Biofuels is a developing global renewable energy company focused on producing ethanol from waste or biomass (cellulosic ethanol). Raven plans to build commercial scale refineries using a proprietary 2 stage dilute acid hydrolysis process to convert forestry and agricultural waste to transportation grade ethanol. The production of cellulosic ethanol could play a major role in national energy independence as it has in Brazil. Ethanol made from waste is a viable clean fuel that can play a part in reducing emissions that cause global warming and reducing independence on foreign oil. For more information visit: www.ravenbiofuels.com.

Notice Regarding Forward-Looking Statements

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding the ability of Raven Biofuels International Corporation ("Raven" or the "Company") to construct any ethanol plants or proceed with the commercialization of its technology or that it will be able to exploit, develop, acquire, finance, operate, or make profitable, any of the commercial opportunities discussed or described herein. These forward-looking statements are not historical facts and can be identified by the use of forward-looking words or phraseology such as "believes," "expects," "may," "intends," "anticipates," "plans," "estimates," and analogous or similar other expressions intended to identify such forward-looking statements. Actual results could differ materially from those reflected in such forward-looking statements. Raven and its principals will not assume any obligation to update any of the forward-looking statements to reflect any events, facts, or circumstances that may arise other than as may be required by applicable law or regulation.