BioExx Confirms Site for Oilseed Process Facility and Releases Third-Party Protein Meal Test Results



    (eResearch Report also now Available On line)

    TORONTO, Oct. 18 /CNW/ - Bio-Extraction Inc. (BXI:TSX-V) ("BioExx") is
pleased to announce that it has concluded an Offer to Purchase for an
industrial site at the northern perimeter of Saskatoon, Saskatchewan. The site
is well suited for the 40,000 metric tonne per year canola oilseed processing
facility previously announced by BioExx, and is situated in close proximity to
a large canola seed supply basin.
    BioExx has also engaged the services of the Saskatoon office of AMEC
Engineering to assist BioExx in preparing all of its required environmental
and construction permits. The BioExx technology utilizes significantly less
heat energy than conventional extraction facilities and as a result is
expected to have very low emission levels of any kind. This is consistent with
the BioExx mandate to employ state-of-the-art control technologies to ensure
that it has extremely low, or where possible, zero emissions. BioExx believes
that AMEC, with almost 50 years of experience in Saskatoon, combined with its
deep international knowledge and resource base, is ideally suited to assist
BioExx with this process.
    On another front, BioExx is also very pleased to be able to release the
results of a recently completed and comprehensive study entitled "Report on
Feed Quality Parameters and Preliminary Market Feasibility of BioExx Meal",
undertaken by the Feeds Innovation Institute at the University of
Saskatchewan. The study comprised a standard feed analysis, comparing BioExx
canola meal to a typical commercial canola meal derived from the industry
standard hexane extraction method.
    The study confirmed that, based on a number of relevant metrics, the
BioExx meal is of higher nutritive quality than standard commercial meals.
Although it could not be established that this would translate to a premium
price for the BioExx meal in the general market, it is believed it may attract
substantial price premiums in specialty applications. While confirmation of
the quality and value of the BioExx canola meal is important, insofar as
BioExx intends to further separate protein from the meal, and given that the
protein sales are expected to be a key economic metric and growth driver for
BioExx, the primary purpose of the study was more particularly to analyze and
confirm the protein quantity and quality of the meal.

    
    To that end, the key results of the study are as follows:

        -   The BioExx meal was significantly higher in protein content than
            regular meal, and considerably higher in soluble protein (over
            three times the soluble protein of regular meal). Because of its
            greater bio-availability and increased nutritive value, as well
            as increased functionality, soluble protein is considered to be
            the highest quality and most valuable form of protein in many
            applications.

        -   Quality and value of protein can also be considered in the
            context of the profile of individual amino acids which comprise
            the protein. Most notably, BioExx displayed higher lysine content
            (the most important amino acid) as well as higher methionine and
            cystine (the second most important amino acids). This enhanced
            amino acid profile, combined with an expectation of greater bio-
            availability, indicates a superior product.

        -   From an environmental perspective, the higher solubility of the
            BioExx proteins would most likely lead to a significant reduction
            in nitrogen excretion by livestock, thereby assisting in
            mitigating environmental issues relating to nitrogen loading of
            soil.

        -   With respect to market applications, the BioExx protein meal
            lends itself to the higher end and higher value uses, such as
            milk replacers for calves and piglets, high-protein aquafeeds
            (with a simple dehulling process to reduce fibre content), as
            well as pet foods and human food-grade uses.

        -   In addition to its very attractive protein profile, BioExx
            demonstrates a uniquely low level of certain anti-nutritional
            components. Specifically, the indolyl family of glucosinates in
            protein feeds above certain levels are believed to have
            deleterious health effects to animals consuming the meal. BioExx
            results show uniquely low levels of these components not normally
            achievable in standard meals produced with traditional
            manufacturing processes.
    

    "We are excited to obtain this very strong validation of our high value
and positioning in the growing protein market", said Chris Carl, President of
BioExx. "In addition to confirming the retention of greater quantities of
higher value proteins, the report also supports the expectation that BioExx
will be able to separate its proteins to produce Protein Concentrates and
other similar products at a much lower cost than more conventional extraction
or oilseed crushing methods. We believe that this report provides further
confirmation that we have a strong scientific and economic foundation for the
construction of our Saskatoon plant, and we will continue to move at an
accelerated pace toward that endeavour".
    As a final note, to ensure equal awareness among investors, BioExx
advises that it has commissioned and received an Initiating Report on the
company from Toronto-based eResearch, which report has been posted for public
viewing on the Investor Relations page of its website at www.bioexx.com.

    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). Versus
traditional technologies, the patented BioExx technology can offer lower
extraction costs, higher quality extracted materials, and material incremental
revenue opportunities as its extractions can substantially retain the value of
inherent proteins and other sensitive compounds - with all this being
completed 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

    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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