BXI Bioexx Specialty Proteins Ltd Com Npv

Bio-Extraction Inc. (TSX VENTURE:BXI), known as BioExx or the Company, is
pleased to announce the appointment of Dr. Edward Wein to its Scientific
Advisory Board. Dr. Wein will play an active role in the final stages of the
GRAS and related product certifications for Protein Isolate products to be
produced by BioExx at its Saskatoon facility and future facilities, as well as
advising the Company regarding the development of specific food product
applications. This will include specialized and on-going testing to determine
and verify the applicability and/or superiority of BioExx proteins to specific
food product opportunities.


With a PhD in Biochemical Engineering from University of Toronto, Dr. Wein has a
distinguished career of more than 30 years in the food, functional food, and
food ingredients markets with a special emphasis on proteins. Dr. Wein has
served as an adjunct professor at the University of Guelph, Faculty of
Engineering; advisory board of Ryerson University department of Chemical
Engineering; and is a past member of the Canada Expert Committee on Food
Biotechnology. He has also held senior R&D and commercialization positions at
Canada Packers Ltd. (now Maple Leaf Foods), Ault Foods (now Parmalat), Nexia
Biotechnologies Inc. and Bariatrix Products International. Dr. Wein is currently
a consultant for a variety of companies conducting research in food products,
nutraceuticals, and nutritional and food supplements, in North America, Europe
and the Middle East.


"We welcome Dr. Wein as an important member of our Science team who brings to
BioExx a wealth of critical experience in the protein world," says VP of
Business Development, Samah Garringer. "His practical experience in the
development, production and sale of similar products will help ensure BioExx
completes a smooth transition into the sale of its Vitalexx(TM) and Isolexx(TM)
products and then continues to optimize its protein product portfolio over the
longer term."


Operations and Market Update

BioExx has continued to install equipment designed for the second phase of its
operations and as a result, the key operating metrics of quality, yield, and
throughput have continued to improve. The plant is now able to produce
food-grade degummed expeller oil, with an expectation of producing
super-degummed expeller oil before the end of the current quarter. BioExx has
continued to produce a premium value meal since May of this year.


Although the Company is pleased with the operating performance of the plant,
canola industry crush margins have recently declined toward the low end of the
five year trading range. While the Company does not expect this market condition
to persist in the long term, it does create challenges with respect to breakeven
operations at the plant based on interim crushing operations. The plant
continues to forecast break-even or better operations if and when crush margins
return to previous levels. Regardless, the Company does not consider the current
crush margin weakness to be economically meaningful in the context of its longer
term business plan as its crush-only operation is temporary in nature, pending
the start-up of protein production operations.


BioExx is also pleased to confirm that long lead time equipment items for its
Extraction and Protein phases have been ordered for 2009 delivery. Unless there
are unforeseen delays in equipment delivery, BioExx continues to work from a
schedule that allows for installation and start-up before the end of this
calendar year.


In response to an article published by Reuters on August 6 regarding salmonella
contamination problems in the meal produced at several Canadian canola
processing plants, BioExx is pleased to report that as a result of its rigorous
HACCP quality assurance program, regular testing of the BioExx meal has shown no
such problems at the BioExx plant to date.


Other News

BioExx has agreed to extend its contract with Brisco Capital Partners to provide
Investor Relations services for another year commencing August 10, 2009. As part
of the extension, BioExx is granting Brisco an Option to purchase 100,000 common
shares at a strike price of $1.44, having a two year term and vesting over 12
months. This replaces a previous option which is expiring.


In keeping with the spirit of warrant holders who have exercised warrants prior
to their maturity, at the request of the Company, BioExx CEO Chris Carl has sold
shares to generate after-tax proceeds sufficient to repay a loan to the Company
(as disclosed in the BioExx financial statements), in the amount of $250,000
plus accrued interest, that was not due until March 2010. Mr. Carl also
anticipates selling a small percentage of his holdings over the balance of the
year to raise necessary funds to repay some third party debts incurred in the
past six years during the building phase of the Company.


About Bio-Extraction Inc.

Headquartered in Toronto, Canada, BioExx is a leading technology and industrial
processing company focused on the extraction of oil and high-value proteins from
oilseeds for the global food market. BioExx's 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's 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, competition in its target markets, the demand for BioExx's products,
the availability of funding, the efficacy of its technology, 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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