Raven Biofuels shares its future plans

Jan. 6, 2010, Atlanta, GA – Raven Biofuels International has two projects in
development. Both projects are commercial scale (42 million litres/year) and
are designed to be scalable for future expansion. The first proposed project is
in conjunction with Raven Biofuels Ltd in British Columbia. The proposed
biorefinery location is in Kamloops, British Columbia, through a joint venture
with the Kamloops Indian Band, and is called the Tk'emlups Biorefinery Project.
The goals for this project in the first quarter of 2010 are to: complete a
preliminary engineering study, conclude a feedstock study, hire key personnel,
finalize site agreements, initiate permitting, perform initial feedstock
testing, formalize initial feedstock supply agreements, sign initial off-take
agreements for biorefinery products, and secure additional public and private
funding sources.

The second proposed project is in Mississippi. The company’s managers believe that
there are efficiencies in pursuing both projects simultaneously via shared
information that can significantly reduce engineering and testing costs.
Further benefits may be realized on purchasing of key components.