Canada's CORE BioFuel to pursue additional production facility -- to be possibly located in northwest Montana -- aimed at converting beetle-killed timber, timber slash into clean gasoline

WHITEFISH, Montana , June 23, 2010 (press release) – CORE BioFuel Inc., a Canadian biofuel company that is commercializing an advanced biomass to gasoline production process, today announced that it will pursue an additional production facility to be possibly located in northwest Montana. Don Sigler, Chief Financial Officer and resident of Whitefish, Montana, stated, “We are pleased with our progress in developing our demonstration production facility in British Columbia and we are now seeking potential sites for additional licensee facilities in those areas of the United States where beetle killed timber is readily available.”

Mr. Sigler also stated, “In light of the recent BP disaster, it is imperative that clean, renewable energy sources be developed as quickly as possible, especially one that produces clean water as a byproduct.” CORE’s patent-pending MKS Gasoline Synthesis Process™ is a thermo-chemical process which breaks down wood and uses industrially-proven catalysts to produce an exceptionally clean gasoline. The process is unique because it uses proven equipment in each step to produce a zero fossil input, carbon neutral 92 octane gasoline. The Houston, British Columbia demonstration plant will produce approximately 18 million gallons of gasoline, 6 million gallons of distilled water, and will generate its own electric power.

Dr. Greg Olson, also a resident of Whitefish and Advisory Director for CORE Biofuel, stated, “CORE Biofuel has developed a novel biomass conversion process for gasoline synthesis that is both energy efficient, carbon-neutral, and whose feedstocks do not compete with our food supply.” CORE’s feedstock utilizes both beetle killed timber and timber slash which has traditionally been burned in the field. Current estimates there are over 40 million acres of beetle killed timber in British Columbia and the infestation has affected over 5 million acres in Montana.”

About CORE BioFuel Inc.

CORE BioFuel is commercializing the patent-pending MKS Gasoline Synthesis Process™. This process is a ground-breaking development that addresses the biofuel challenge. The technology is industrially proven and the process is a scalable, efficient, and cost effective approach to producing carbon neutral, high octane gasoline. ZFI Gasoline™ produced by the MKS Process™ will be a 92 octane, carbon neutral alternative to conventional gasoline produced from petroleum.

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