Naturally Advanced Technologies Reports Stock Options Grant to CEO - Sets More Milestones for Commercialization



    PORTLAND, OR, Oct. 23 /CNW/ - Naturally Advanced Technologies Inc. (NAT,
OTCBB: NADVF, TSXV: NAT), a pioneer in commercializing the use of bast fibers
including industrial hemp for use in casual apparel, performance yarns,
industrial filters and absorbent pulp and paper products, granted a stock
option to purchase up to 500,000 shares in the capital of NAT at an exercise
price of US$1.45 per share to Kenneth C. Barker, NAT's Chief Executive
Officer. Press release notice of this grant falls under standard compliance
requirements of the TSX Venture Exchange.
    Miljenko Horvat, Chairman of the board, stated, "We have an extremely
talented management team and it is our policy to employ stock options as
incentive. This year Ken has led the team in efforts that culminated in two
significant milestones: CRAILAR(R) trials for Organic Fibers with a leading
U.S. apparel brand and CRAILAR(R) trials for Advanced Materials with one of
North America's largest pulp and paper producers. We look forward to
management driving to commercialization with the goal of establishing
commercial partnerships."
    The stock option is dated October 14, 2008 and is subject to an 18 month
vesting schedule under the terms and conditions of NAT's existing fixed share
option plan. The options carry a three year term and expire on October 14,
2011.

    About Naturally Advanced Technologies, Inc.

    Naturally Advanced Technologies Inc. is committed to unlocking the
potential of renewable and environmentally sustainable biomass resources from
hemp and other bast fibers. The Company, through its wholly owned subsidiary,
Crailar Fiber Technologies Inc., is developing proprietary technologies for
production of bast fibers, cellulose pulp, and their resulting by-products, in
collaboration with Canada's National Research Council and the Alberta Research
Council. CRAILAR(R) technology offers cost-effective and environmentally
sustainable processing and production of natural, bast fibers such as hemp and
flax, resulting in increased performance characteristics for use in textile,
industrial, energy, medical and composite material applications. The Company
is also a provider of sustainable, environmentally friendly fibers and fabrics
through its apparel division HTnaturals. Founded in 1998 in response to the
growing demand for environmentally friendly, socially responsible clothing,
the Company adheres to a "triple bottom line" philosophy, respecting the human
rights of employees, the environmental impact of the Company's operations and
fiscal responsibility to its shareholders. See www.naturallyadvanced.com

    
    Neither the TSX Venture Exchange nor any regulatory authority accepts
    responsibility for the adequacy or accuracy of this news release.
    

    Forward Looking Statement Disclaimer

    This news release includes certain statements that may be deemed
"forward-looking statements". All statements in this news release, other than
statements of historical facts, are forward-looking statements.
Forward-looking statements or information are subject to a variety of risks
and uncertainties which could cause actual events or results to differ from
those reflected in the forward-looking statements or information and
including, without limitation, risks and uncertainties relating to: any market
interruptions that may delay the trading of the Company's shares,
technological and operational challenges, needs for additional capital,
changes in consumer preferences, market acceptance and technological changes,
dependence on manufacturing and material supplies providers, international
operations, competition, regulatory restrictions and the loss of key
employees. In addition, the Company's business and operations are subject to
the risks set forth in the Company's most recent Form 10-KSB, Form 10-QSB and
other SEC filings which are available through EDGAR at www.sec.gov. These are
among the primary risks we foresee at the present time. The Company assumes no
obligation to update the forward-looking statements.





For further information:

For further information: Investor Contact: Kirsten Chapman, Cathy
Mattison, Lippert/Heilshorn & Associates, (415) 433-3777,
ir@naturallyadvanced.com; Media Contact: Summer Facchini, Black Lab
Communications, (503) 830-5983, blacklabcomm@gmail.com

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CRAiLAR Technologies Inc.

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