IBR announces sale of master license in California



    TSX Venture Exchange symbol: IBR

    VANCOUVER, Jan. 12 /CNW/ - International Bio Recovery Corporation ("IBR")
(TSX-V: IBR) announced today that it has reached an agreement to grant to
Envirco, LLC of Laguna Hills, California (Envirco) a Master License Agreement
(MLA) for the construction and operation of IBR plants in California. Envirco
has paid a deposit of $100,000 to IBR for the first Plant License within the
MLA and upon payment of the balance of $900,000 upon issuance of the first
plant license agreement (or transfer of technology) Envirco will be granted
the Master License Agreement for California giving Envirco the right to build
a minimum of 5 plants, each with a minimum digesting capacity of 400 tonnes
per day (license fee payable to IBR for each plant to be at $2,500 per tonne
or the then current rate per tonne of plant capacity). Each plant license
agreement will also provide for the purchase of IBR proprietary equipment and
payment by Envirco of royalties to IBR for a period of 40 years.

    About Envirco

    Envirco, LLC is dedicated to promoting a sustainable Earth and reducing
carbon footprint on the environment. Envirco utilizes the technological
application of the use of biological systems to biowaste products to make or
modify products or processes producing a specific marketable end use product.
Envirco will assess, develop, manufacture, consult, market and distribute
environmentally friendly goods and services in specific fields including but
not necessarily limited to, agriculture, food science and bio-technology.
Envirco's objective is to promote sustainable agriculture and green areas. The
products to be developed will meet Envirco's biotechnological engineering
criteria.

    About IBR

    Located in North Vancouver, BC, IBR markets its technology through the
sale of licenses. The Company's current and medium term focus is to further
develop its marketing capacity to enhance technology license sales. The
Company is committed to research and development to continue to improve the
effectiveness of its technology and the quality of its fertility products. It
is further committed to developing a world wide marketing capability to ensure
market acceptance of its fertility products. IBR's innovative approach to
processing organic materials brings a new concept to organic based fertilizer
production. Applying biotechnology and fermentation engineering principles and
providing the optimal environment for the growth of naturally occurring
thermophilic bacteria, IBR is able to produce material that is free of
pathogens and inorganic contaminants. The proven process allows for the
production of customized products for a wide variety of agricultural
applications.

    
    THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
    OR THE ACCURACY OF THIS RELEASE.
    





For further information:

For further information: Ben Van Dyk, Chairman of the Board, IBR, (604)
924-1023 ext 304, (604) 924-1043 fax, info@ibrcorp.com; Henry J. Bow,
President & CEO, IBR, (604) 924-1023 ext 309, (604) 924-1043 fax,
hbow@ibrcorp.com

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INTERNATIONAL BIO-RECOVERY CORPORATION

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