RAVEN BIOFUELS INTL CORP. (OTCBB: RVBF)

Dear Reader,

Take a look at the Breaking *NEWS* (below) from Raven Biofuels (OTCBB:RVBF), announcing significant progress toward its goals to acquire technology and resources, begin project development, and secure a financial partner to complete its funding. (See Below)

Recent *NEWS* From Raven Biofuels

Press Release Source: Raven Biofuels International Corporation
Monday June 9, 9:00 am ET

PARAMUS, NEW JERSEY--(Marketwire - June 9, 2008) - Raven Biofuels International Corporation (OTCBB:RVBF - News) has made significant progress since its founding late last year. We intend to become a leader in the low cost production of renewable fuels from waste biomass. Our goals were to acquire technology and resources, begin project development, and secure a financial partner to complete our funding.

To complete our technology acquisition we announced our intention to merge with Pure Energy in March. Pure Energy is a biofuels company focused on the development of processes to create renewable fuels from waste products. We will own patents that will enable us to produce cellulosic ethanol and derivative chemicals from agriculture waste such as wood and farm residue using a two stage dilute acid hydrolysis process.

Raven has acquired the worldwide license rights to the above technology as an interim step prior to completion of the intended merger and has filed this material agreement with the Securities and Exchange Commission on June 3, 2008.

More recently we announced that John Sams has joined us as Chief Operating Officer. John is a 30 year veteran in the energy, power, environmental and process sectors with specific experience in renewable fuels. Mr. Sams has over 20 years experience in senior management.

We also announced our first project in British Columbia. In partnership with Spectrum Energy we will develop cellulosic biorefineries in British Columbia that will convert Mountain Pine Beetle (MPB) softwood and other biomass to ethanol and high value furfural chemicals. Spectrum's experience and relationships in the BC forestry industry as well as hands on knowledge of large scale construction are viewed by Raven as key assets in developing biofuels in BC. Our biorefinery is initially projected to produce 10 million gallons of ethanol and chemicals.

To secure funding commitments Raven has engaged the services of Raymond James Ltd. to advise the Company on its capital plan and the possibility of listing in Canada. With the assistance of Raymond James Ltd., Raven intends to begin construction of its first cellulosic ethanol bio-refinery in North America in the near future.

In addition, Raven and Spectrum have submitted a proposal to the Innovative Clean Energy Fund for funding to proceed with building British Columbia's first cellulosic ethanol refinery.

Further developments on the company's progress with resources, funding and projects will be announced shortly.

More recently industry events continue to support companies like ours who are focused on producing renewable fuels from waste resources. The US Congress has put historically significant incentives into action in its 2008 Farm Bill (also known as the Food, Conservation, and Energy Act of 2008) to advance commercial scale production of cellulosic ethanol. This bill passed by a wide bipartisan margin in both houses and enjoys the support of both major Presidential candidates.

Raven will benefit from this bill in several areas.

• First the bill provides for $920 Million in loan guarantees to construct biorefineries that produce advanced biofuels. Raven's slate of US projects to be announced will benefit from the loan guarantee program when we are securing financing.
• Second the bill provides for $400 Million in incentives for advanced biofuels. These incentives are similar to grants and are awarded to US companies to explore methods of generating biofuels from alternative feedstocks like agriculture waste.
• Third the bill supports advanced research to improve bioenergy technologies with $258 Million in grants. This is more of a research grant program that will allow companies like ours to advance their technology or explore alternative technologies for the production of fuel-grade bioenergy.
• Fourth the bill provides for a tax credit of up to $1.01 per gallon of cellulosic ethanol produced. This credit will significantly offset Raven's tax burden after we begin production of ethanol.

Raven intends to announce at least two refinery projects in the U.S. this year and potentially another in Canada. Raven is planning to build out 100,000,000 gallons of production over the next five years. Initial biorefineries will have a capacity of 10,000,000 gallons per year and a projected cost of under $1.00 per gallon as a result of Raven's more "traditional" refinery model where it produces ethanol and high value specialty chemicals.

Ethanol made from biomass could cut greenhouse gases responsible for global warming by a large margin. Several recent studies conclude that cellulosic biofuels reduce greenhouse gases by over 80%.

Raven Biofuels International Corporation intends to become a global renewable energy company whose principal focus is converting waste biomass in the low cost production of cellulosic ethanol, and derivative chemicals.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding the ability of Raven Biofuels International Corporation ("Raven" or the "Company") to complete the merger or any business combination with Pure Energy Corporation, or that upon completion of the merger the companies will be able to construct any ethanol plants or proceed with the commercialization of Pure Energy 's technology or that it will be able to exploit, develop, acquire, finance, operate, or make profitable, any of the commercial opportunities discussed or described herein. These forward-looking statements are not historical facts and can be identified by the use of forward-looking words or phraseology such as "believes," "expects," "may," "intends," "anticipates," "plans," "estimates," and analogous or similar other expressions intended to identify such forward-looking statements. Actual results could differ materially from those reflected in such forward-looking statements. Raven and its principals will not assume any obligation to update any of the forward-looking statements to reflect any events, facts, or circumstances that may arise other than as may be required by applicable law or regulation.

For further information about Raven Biofuels International Corp. please visit the Website: www.ravenbiofuelsinternational.com or call 1-866-433-3356.

Contact:

1-866-433-3356
Raven Biofuels International Corp.
Website: www.ravenbiofuelsinternational.com

Source: Raven Biofuels International Corporation
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About Raven Biofuels

Raven Biofuels International (OTCBB: RVBF) ("Raven""RVBF") and its technology partners have been leading the charge to develop technologies and processes that will transform cellulosic waste biomass into renewable fuels.  To date Raven has achieved the following milestones:

• $24,000,000 invested in R&D. 
• 9 US patents in three principle areas; process patents for separating sugars to make ethanol and high value chemicals, fuel additives and diesel fuel mixtures. 
• 17 International Patents Granted including Europe, Japan, China, India. 
• Extensive independent testing of technology since 1997 with conclusively positive results. 
• The technology that Raven has chosen to commercialize is based on Acid Hydrolysis and further proprietary technology which can produce high value specialty chemicals from agriculture waste products, hence reducing the production cost of ethanol below $1.00 per gallon.

Raven Biofuels may well be at the forefront of this emerging multi-billion dollar industry. As this industry evolves, several billion dollar companies will likely emerge from this space. The successful participant need only capture a tiny fraction of the addressable market in the U.S. 
 

Biofuels Sector Updates Click here to receive updates on the biofuels sector by email or to have a sector professional contact you

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The Renewable Energy Market

Management at RVBF is also confident that Raven is one of a few companies globally that is ready go into commercial scale production of cellulosic biofuels (ethanol) and Raven’s addressable market in the U.S. exceeds $100 billion annually. Raven only needs to own a fraction of 1% of its addressable market in the U.S. to become a mid-cap stock. RVBF's technology is deployable globally and Raven currently trades between 2x and 10x under its comparable companies. This makes RVBF an undervalued, recession-proof opportunity.

The 'Renewable Energy' market is diverse. Windfarms in texas, private equity firms like Altira pumping monies into micro and small-cap stocks, Public Utilities partnering with companies of every size and sectors of the general energy industry turning green like Specialty Chemicals and Diversified Utilities companies like CMS ENERGY (NYSE: CMS). Even in the fund market: two years ago, Kleiner Perkins announced the creation of its first green-tech investment fund.
 

The energy market is $6 trillion To underscore how little is being done at the federal level, the government funding in U.S. research and development on renewable energy was less than $1 billion last year, while oil giant Exxon makes $1.1 billion in revenue a day.  There are however 'issues' within the renewable energy sector that have been coming to the forefront: What's the best way to go? Corn for the people or corn for the pump?

Recent News from Raven Biofuels

Press Release Source: Raven Biofuels International Corporation
Tuesday May 27, 9:39 am ET

PARAMUS, NEW JERSEY--(MARKET WIRE)--May 27, 2008 -- John Sams joins Raven Biofuels International Corporation (OTC BB:RVBF.OB - News) as Chief Operating Officer. John Sams is a 30 year veteran in the energy, power, environmental and process sectors with specific experience in renewable fuels. Mr. Sams has over 20 years experience in senior management. He has held positions as; President/CEO of Environmental Elements Corporation an environmental systems public company serving the power and pulp/paper industries, President/CEO of Alfa Laval Celleco a private Swedish company serving the pulp/paper and process industries, President/COO and Co-Founder of LPP Combustion a start-up clean energy technology company and President of the Process Division of GTS Energy, Inc a process heating company with one of its key markets in the power sector. MORE

Press Release Source: Raven Biofuels International Corporation
Wednesday May 21, 7:00 am ET

PARAMUS, NEW JERSEY--(MARKET WIRE)--May 21, 2008 -- Raven Biofuels International (OTC BB:RVBF.OB - News) has formed a partnership with Spectrum Energy, a British Columbia based company to develop cellulosic biorefineries in British Columbia that will convert Mountain Pine Beetle (MPB) softwood and other biomass to ethanol and high value furfural chemicals.

While the Pine Beetle has created a major problem for B.C. Raven and Spectrum will use the infested wood as feedstock to make renewable fuels. In a March 2008 press release, the BC Government stated that "The Ministry of Forests and Range and the Council of Forest Industries estimate that the mountain pine beetle has now affected about 710 million cubic metres of timber". Further, "There are about 1.35 billion cubic metres of merchantable pine on B.C.'s timber harvesting land base. If the infestation continues to behave as it has over the past nine years, it's projected that 76 per cent of this pine volume will be killed by 2015". The Pine Beetle killed forests cover an area the size of Texas and could represent enough biomass to produce over a billion gallons of biofuels. MORE

Thursday March 13, 7:00 am ET 
Press Release Source: Raven Biofuels International 

PARAMUS, NJ--(MARKET WIRE)--Mar 13, 2008 -- Raven Biofuels International Corporation (OTC BB:RVBF.OB - News) and Pure Energy Corporation of Paramus, NJ have announced their intention to merge the two companies. Under the proposed terms, Pure Energy shareholders will receive Raven shares representing a majority and controlling interest and $3 Million in cash based on Raven shares being valued at $1.85 per share. The company intends to construct cellulosic ethanol plants worldwide.

Raven and Pure combined will create a leader in the biofuels industry for the development and deployment of technologies that profitably transform waste into biofuels," commented Ian Grant, President of Raven.

"We have spent 14 years and over $25,000,000 to advance our technology platform for converting agriculture wastes and other feedstocks to ethanol. This has resulted in the development of an industry leading technology platform and an intellectual property portfolio of 30 patents in the United States and Internationally," said Dr. Irshad Ahmed, CEO of Pure Energy. "We believe that our relationship with Raven will fast-track the commercial application of our leading edge technology. Raven will also be instrumental in commercializing our other patented technologies that reduce emissions and improve the performance of transportation fuels."

Following completion of the merger, Raven Biofuels International Corporation intends to become a global renewable energy company whose principal focus is the low cost production of fuel grade cellulosic ethanol, and derivative chemicals. MORE
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Financial Highlights For Raven Biofuels

State Of Incorporation: NV 
Jurisdiction Of Incorporation: USA
Primary Company Officer: Ian S. Grant, President, Treasurer, Secretary, Dir.

Recent Trade: $1.19 
52wk Range: 0.95 - 1.48
Avg Vol (3m): 46,057

Fiscal Year End: 12/31
Estimated Market Cap: $62,656,018 as of Apr 10, 2008 
Outstanding Shares: 52,213,348 as of Sep 17, 2007
Transfer Agent: Island Stock Transfer
100 Second Avenue South, Suite 104N, St. Petersburg, Florida 33701

RVBF SEC filings: Click Here

Biofuels Sector Updates Click here to receive updates on the biofuels sector by email or to have a sector professional contact you

Contacts for Raven Biofuels

Investor Relations Inquiries:
Skyline Investor Relations 
866-433-3356
info@skylineir.com

InvestAlert: Click Here

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Company Contact Information:
61 South Paramus Road, Paramus, New Jersey 07652-1236
Toll free: 1-866-929-7823 (RVBF)
E-mail: info@ravenbiofuelsinternational.com
http://www.ravenbiofuelsinternational.com/
 

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