CORE Biofuel Inc. produces gasoline from biomass

Nov. 17, 2011, Toronto, ON – CORE BioFuel Inc. announced that it
has successfully tested the last step in its wood-to-gasoline process
to produce high-octane, benzene-free, drop-in gasoline.

CORE, a Canadian company focused on energy security
for the North American and European markets, in association with RECAT Technologies Inc., successfully completed a
set of test runs of the catalytic reaction producing gasoline from
dimethyl ether (DME), the only to date non-commercialized step in
CORE's patent pending process.

Mr. Larry Melnichuk, Vice President of Process Design and
Development, stated, "Our reaction performs even better than we
expected, with excellent conversion of DME to gasoline. The catalyst
for this reaction did not produce benzene — which the EPA has
determined should not be present in gasoline unless lower than their
current criteria levels. Removing benzene is difficult and expensive
and our process does not incur this cost. Utilizing similar operating
parameters, our reactor actually produces a gasoline superior to
ExxonMobil's well-known commercial MTG (Methanol-to-Gasoline)
process. Our gasoline octane rating is 94, which means it can be
blended successfully with lesser grade refinery gasoline to meet
retail pump 92 octane requirements. Our testing also determined that
operating costs will be lower because we have less volume to recycle
than in an MTG process — we produce more of what we want and less of
what we don't want. Our catalyst also costs less, and is a robust
catalyst, which can be re-used."

CORE BioFuel is commercializing its patent-pending MKS Gasoline
Synthesis Process(TM) to address the challenge of producing a drop-in
gasoline from cellulosic biomass. The technology is industrially
proven and the process is a scalable, efficient, cost effective
approach to producing carbon neutral, benzene-free gasoline. CORE's
Green Gasoline(TM) resulting from this process will be a 94 octane,
clean-burning alternative to conventional gasoline from petroleum
sources. For additional information, see
www.COREBioFuel.com

RECAT Technologies Inc. is an affiliated spinoff of the University of
Western Ontario in Sarnia, Ontario, specializing in the development
and commercialization of innovative Reactor Engineering and Catalytic
Technologies. RECAT's founder and president is Dr. Hugo de Lasa, a
distinguished researcher and engineer in the field of Chemical
Engineering.