BXI Bioexx Specialty Proteins Ltd Com Npv

On June 23, 2009, Bio-Extraction Inc. (TSX VENTURE:BXI) ("BioExx" or "the
Company") announced its plans to accelerate the production and sale of
high-value protein isolates from early 2011 to late 2009, subject to the receipt
of sufficient funds from the early exercise of outstanding share purchase
warrants which expire January 29, 2010.


BioExx is pleased to report that it has made strong initial progress in this
regard, including funds already received from warrants exercised, as well as
affirmative indications from certain warrant holders of their intention to
exercise warrants in the near term. Providing indicated funds are received
before the end of July, and that the balance of the warrant funds are received
before year end, BioExx expects to maintain its timeline of bringing isolate
production on-line before the end of 2009. In the interim, BioExx continues to
investigate other non-dilutive sources of capital that may be used in
conjunction with the warrants.


BioExx wishes to sincerely thank those warrant holders who have supported the
accelerated protein isolate production plan, and looks forward to delivering on
what it believes is a very positive and accretive plan for all its shareholders.


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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