Lignol Awarded $1.96 million in Funding from British Columbia's Innovative Clean Energy Fund



    VANCOUVER, July 21 /CNW/ - Lignol Energy Corporation (TSX-V: LEC)
("Lignol" or "the Company"), a leading technology company in the cellulosic
ethanol and biorefining sector, today announced that its wholly-owned
subsidiary, Lignol Innovations Ltd. has been awarded $1.96 million in funding
from the Government of British Columbia's $25 million Innovative Clean Energy
("ICE") Fund.
    ICE funding recipients were announced by B.C.'s Technology, Trade and
Economic Development Minister Ida Chong and Energy, Mines and Petroleum
Resources Minister Richard Neufeld on July 18, 2008. Lignol will use the
funding to support the ongoing development and commercialization of its unique
process technology for the conversion of non-food, cellulosic biomass into
ethanol and other biochemicals.
    "We are pleased to have been selected by the B.C. government for this
funding to help advance the development of our unique and proprietary
cellulosic ethanol and biorefining technologies," said Ross MacLachlan,
President and Chief Executive Officer of Lignol. "The support we have received
from provincial and federal agencies together with our business partners has
been significant and this funding from British Columbia's Innovative Clean
Energy Fund further validates our commercial potential within these
significant and fast growing sectors. We look forward to playing a role in
support of B.C.'s ambitious greenhouse gas emission reduction and clean energy
targets."
    Successful commercialization of Lignol's cellulosic ethanol and
biorefining technologies could help support a number of B.C. government
initiatives including: i) the reduction of greenhouse gas emissions by
displacing fossil fuels with low carbon ethanol produced within the province;
ii) the utilization of mountain pine beetle fibre and other softwood residues
in the production of low carbon transportation fuel and other biochemical
co-products, such as High Purity Lignin ("HP-L(TM)"); and iii) the development
of B.C. technologies that have strong potential for export.

    About the ICE Fund

    The $25-million ICE Fund will help make British Columbia a world leader
in alternative energy and power technology by showcasing B.C. technologies to
the world and fostering solutions to B.C.'s pressing energy challenges. It is
designed to accelerate the commercialization of new, clean and renewable
energy technologies. Examples of ICE Fund candidate technologies include:
solar, ocean, and bioenergy power generation; improvements to electricity
transmission and distribution; fuel cells; geothermal; and energy efficiency
and conservation technologies. The ICE Fund supports the B.C. Energy Plan and
government's goal of electricity self-sufficiency by 2016 and cutting
greenhouse gas emissions by 33 per cent by 2020.

    About Lignol

    Lignol (TSX-V: LEC) is a Canadian company undertaking the development of
biorefining technologies for the production of fuel-grade ethanol and other
biochemical co-products from non-food cellulosic biomass feedstocks. Lignol's
modified solvent based pre-treatment technology facilitates the rapid,
high-yield conversion of cellulose to ethanol and the production of
value-added biochemical co-products, including a High Purity Lignin
(HP-L(TM)). Lignol is executing on its development plan through strategic
partnerships to further develop and integrate the core technologies on a
commercial scale. Lignol also intends to invest in, or otherwise obtain,
equity interests in energy related projects that have synergies with its
biorefining technology. For more information about Lignol, please visit our
website at www.lignol.ca.

    Caution concerning forward-looking statements:

    Certain statements contained in this document may constitute
"forward-looking statements". When used in this document, the words "may",
"would", "could", "will", "intend", "plan", "anticipate", "believe",
"estimate", "expect", "investigate", "looking at" as they relate to Lignol or
its management, are intended to identify forward-looking statements or
information. Such statements or information reflect Lignol's current views
with respect to future events and are subject to certain risks, uncertainties
and assumptions. Forward-looking statements and information are necessarily
based upon a number of estimates and assumptions that, while considered
reasonable by management, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. Many factors could
cause Lignol's actual results, performance or achievements to be materially
different from any future results, performance or achievements that may be
expressed or implied by such forward-looking statements or information,
including among other things, those risk factors which are discussed elsewhere
in documents that Lignol files from time to time with securities regulatory
authorities. Should one or more of these risks or uncertainties materialize,
or should assumptions underlying the forward-looking statements or information
prove incorrect, actual results may vary materially from those described
herein as intended, planned, anticipated, believed, estimated or expected. The
Company expressly disclaims any intention or obligation to update or revise
any forward looking statements and information whether as a result of new
information, future events or otherwise. All written and oral forward-looking
statements and information attributable to us or persons acting on our behalf
are expressly qualified in their entirety by the foregoing cautionary
statements.

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For further information:

For further information: Lignol Energy Corporation: Ross MacLachlan,
Chief Executive Officer, Tel: (604) 222-9800 ext. 107, Email: info@lignol.ca;
The Equicom Group: Bruce Wigle, Investor Relations, Tel: (416) 815-0700 ext.
228, Email:bwigle@equicomgroup.com

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