BXI Bioexx Specialty Proteins Ltd Com Npv

Bio-Extraction Inc. (TSX VENTURE:BXI) ("BioExx" or "the Corporation") today
announced that the Board of Directors has approved the award of Options to
purchase 1.8 million shares to officers and directors of the Corporation. The
Options will have an exercise price of $0.75 per share, vest equally over 24
months from the grant date and have a term of 5 years. As a further constraint,
Options awarded to the three senior officers of the Corporation will not begin
vesting until after the first shipments of Protein Isolates from the Saskatoon
facility. In addition and on the same terms as the Board options, the
Corporation is granting an Option to purchase 150,000 shares to its investor
relations consultant, Brisco Capital Partners. 


The Board of Directors has also confirmed a policy that, except under
significant extenuating circumstances and for new employees, the Corporation
will only award Options once annually following the completion of its Annual
Meeting. This year, the Board elected to delay the award until after the ability
to accelerate production of Protein Isolates had been confirmed. 


About Bio-Extraction Inc. 

Headquartered in Toronto, Canada, BioExx is a leading technology company focused
on the extraction of oil and high-value proteins from oilseeds for the global
food market. BioExx' patented technology allows for the use of significantly
lower temperatures than conventional methods in extracting the active
ingredients and oils from oilseeds, resulting in higher yields and
higher-quality meal, oils and proteins. BioExx' low energy requirements,
environmentally sound process, and high-yield production have the potential to
make a valuable contribution in alleviating food scarcity. BioExx operates a
commercial scale extraction facility in Saskatoon, Saskatchewan, and has a
mission to construct additional and larger processing facilities on a global
basis. To find out more about Bio-Extraction Inc. (TSX VENTURE:BXI), please
visit www.bioexx.com.


"The statements made in this press release include forward-looking statements
that involve a number of risks and uncertainties. These statements relate to
future events or future performance and reflect management's current
expectations and assumptions. A number of factors could cause actual events,
performance or results to differ materially from the events, performance and
results discussed in the forward-looking statements, such as the economy,
generally, the demand for BioExx's products, the availability of funding, and
the anticipated costs of BioExx's plant construction and operation. These
forward-looking statements are made as of the date hereof and BioExx does not
assume any obligation to update or revise them to reflect new events or
circumstances. Actual events or results could differ materially from BioExx's
expectations and projections."

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