Tk’emlups Project studies fibre supply

Jan. 28, 2010, Atlanta, GA – Raven Biofuels Ltd and its joint venture partner, the
Kamloops Indian Band, have retained a Canadian forestry consulting firm
specializing in resource inventory and analysis to complete a comprehensive
fibre study in conjunction with the Tk'emlups Biorefinery Project. The project
is a proposed 11-million gallon/year integrated biorefinery to be located near
Kamloops, British Columbia. The overall objective is to define the 20-year
economic wood fibre feed to the planned Tk'emlups Biorefinery
facility. This will involve defining the appropriate fibre attributes,
completing a fibre supply overview, determining cost estimates for various
fibre sources, identifying various fibre sourcing options, and providing
recommendations to secure the required fibre economically.

The study will focus on wood fibre economically accessible to Kamloops. This
overview will include fibre from the Kamloops Timber Supply Area (TSA), along
with the Merritt, Okanagan, Lillooet, and 100 Mile TSAs. Fibre from private
land, Indian reserves, tree farm licences, community forests, and woodlots will
not been included in this study due to lack of consistent publicly available
data for these land tenures. Also, fibre in the form of mill residuals is not
within the scope of this study.