BioExx Announces 40,000,000 Kg Extraction Facility



    TORONTO, Oct. 1 /CNW/ - Bio-Extraction Inc. (BXI:TSX-V, "BioExx") is
pleased to announce that it intends to construct an oil extraction facility
that will have a capacity to process 40 million kg of canola oilseeds per
year. At full capacity, the facility should be able to produce more than
17.5 million litres of crude degummed canola oil (for further refinement into
edible oil or biodiesel) and 13 million kg of animal feed annually. BioExx
believes this facility will be unique because, in addition to the oil and
animal feed, it will also be capable of producing up to 11 million kg per year
of valuable protein concentrate, at a standard purity level of 65%.
    The protein concentrate will be produced from "soluble proteins" derived
from the canola meal after the BioExx oil extraction process is complete. In
conventional oil extraction processes, deriving soluble proteins is either
impossible or subject to very low yields because the oilseeds are exposed to
damaging heat during the extraction process, thus denaturing the proteins. In
other processes, relatively high oil content in the residual meal makes
protein separation difficult, subject to low yields and poor economics.
Through the BioExx extraction technology, virtually all of the oil is removed
from the oilseeds, at or near ambient temperatures which does not denature the
proteins. As such, protein concentrate is expected to be less expensive to
produce, available in higher yields, and more valuable as a result of the
improved solubility.
    "We are very excited to be embarking on the first of what BioExx
anticipates will be several oilseed processing facilities constructed over the
next five years in North America and throughout the world," said BioExx
founder and CEO Chris Carl. "We had originally planned a 25,000 metric ton
facility for our first, but have decided we can confidently scale this up to
40,000 metric tons to offer improved and expedited returns. We anticipate that
our business model, uniquely enabled by our protein-retentive extraction
technology, will allow us to build and operate profitable plants of a moderate
scale, significantly mitigating the business risks inherent in the larger,
more conventional and lower margin facilities being announced in today's
environment of high feedstock prices.
    "From this base, we intend to grow the size of subsequent facilities but
not to a point where we require all available feedstock within a significant
radius as the very large scale facilities do," said Carl. "This is a unique
technology that provides great value and benefit to the industry and the
environment. It represents a real paradigm shift in the way oils and proteins
are currently extracted from biomass."
    The facility will be located in Saskatchewan and will be based on the
novel Continuous Counter Flow design for which BioExx has recently filed a
United States patent application. BioExx plans call for the facility to be
operational in the latter half of 2008. Additional facility details will be
announced in the coming weeks, and progress reports will be regularly provided
thereafter.

    About Bio-Extraction Inc.

    BioExx is involved in the development and commercialization of extraction
technology, which it intends to use to extract various active ingredients from
organic and inorganic materials, for its own account and as a service to
industrial customers. Global in scope, the BioExx target markets include
extractions in pharmaceutical, nutraceutical, food oils and fixed oils
(including bio-fuels) and industrial cleansing (eg. specialty steels). BioExx
currently holds three distinct patents for its low-cost, low temperature
process with an additional patent now pending in the US. Compared to
traditional technologies, the BioExx technology can provide customers with the
benefit of lower extraction costs, higher quality extracted ingredients and
oils, and material incremental revenue opportunities as its extractions can
retain substantially all of the value of inherent proteins and other sensitive
compounds - all in an environmentally responsible manner. To find out more
about Bio-Extraction Inc. (TSX-V: BXI), please visit our website at
http://www.bioexx.com

    CHRIS CARL GOES "BEYOND THE PRESS RELEASE"

    Chris Carl will record a "Beyond The Press Release" on the Company's
official Investor Relations Site at http://www.agoracom.com/IR/bioexx , in
which the above developments will be discussed in detail. The recording is
expected to be available on or after Monday October 1, 2007.

    The TSX Venture Exchange has not reviewed this press release and neither
approved nor disapproved the information contained in this press release. The
statements made in this press release include forward-looking statements that
involve a number of risks and uncertainties. These statements relate to future
events or future performance and reflect management's current expectations and
assumptions. A number of factors could cause actual events, performance or
results to differ materially from the events, performance and results
discussed in the forward-looking statements, such as the economy, generally,
the demand for BioExx' products, the availability of funding, and the
anticipated costs of BioExx' plant construction and operation. These
forward-looking statements are made as of the date hereof and BioExx does not
assume any obligation to update or revise them to reflect new events or
circumstances. Actual events or results could differ materially from the
BioExx' expectations and projections.





For further information:

For further information: Chris Schnarr, Chief Financial Officer, BioExx,
(416) 588-4442, x.111, cschnarr@bioexx.com; Investor Relations: Scott Koyich,
President, Brisco Capital Partners, (403) 262-9888, scott@briscocapital.com;
or On the internet at AGORACOM Investor Relations,
http://www.agoracom.com/IR/bioexx

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BIO-EXTRACTION INC.

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