nvesteco announces investment in Next Generation Cellulosic Ethanol Technology

Investeco Private Equity Fund II, first institutional investor in Woodland Biofuels Inc.

TORONTO, March 26 /CNW/ – Investeco Capital Corporation (ICC), a leader
in environmental investing, today announced an investment in Woodland Biofuels
Inc. (Woodland) of Mississauga, Ontario.

Woodland has developed a patented and proprietary thermo-chemical process
for the conversion of cellulosic biomass into fuel ethanol. Forest, agricultural or other common sources of biomass are gasified and processed through a series of catalytic reactions to produce ethanol, distillation water and steam.

“Based on Investeco’s due diligence, we believe Woodland’s patented Catalyzed Pressure Reduction technology is extremely efficient in its conversion of biomass and is highly scaleable,” stated Andrew Heintzman, President, ICC. “Woodland’s process is significantly more efficient than traditional ethanol production and its cellulosic competitors,” he continued.

“While the energy conversion ratios and greenhouse gas mitigation for traditional corn based ethanol is marginal at best, the potential for Woodland’s process of producing ethanol from waste streams is significantly superior.”

“Demand for this “next generation” ethanol is expected to be enormous over coming years. For example, the United States has set an objective of 36 billion gallons of renewable and alternative fuels by 2022; most of that would come from cellulosic ethanol,” concluded Mr. Heintzman. “We are very pleased that Investeco is the first institutional investor to recognize the potential of our Catalyzed Pressure Reduction technology and is financing its further development and commercialization,” said Greg Nutall, President, Woodland. “Investeco’s recognized expertise in environmental
investing will assist us as we seek other investors and partners in the future.”

Woodland is also a recently announced recipient of $9.8 million in assistance from Sustainable Development Technology Canada towards the commercialization of its technology and development of a demonstration plant.

About Investeco Capital Corporation

Investeco Capital Corporation (ICC) is Canada’s first investment company to be exclusively focused on environmental sectors such as renewable energy, sustainable agriculture, water infrastructure, and clean technologies.

About Woodland Biofuels Inc.

Woodland Biofuels Inc. is a Canadian company that has made impressive breakthroughs in the areas of energy, environment, and waste disposal. The company develops and licenses plants utilizing its cutting edge, patented technologies which convert renewable waste materials into fuels and chemicals in a highly profitable and environmentally safe manner.

For further information: Andrew Heintzman, President, Investeco Capital Corporation, (416) 304-1750, ext. 398, aheintzman@investeco.com, www.investeco.com; Greg Nuttal, President & CEO, Woodland Biofuels Inc., (905) 670-5502 ext.404, gnuttall@woodlandbiofuels.com, www.woodlandbiofuels.com

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