Infinity Bio-Energy Files with CVM for BDR Offering and BOVESPA Listing and Calls...

Infinity Bio-Energy Files with CVM for BDR Offering and BOVESPA Listing and
Calls Shareholders' Meeting to Approve New By-laws Conforming to Novo Mercado
Standards

SAO PAULO, Brazil, June 6 /PRNewswire-FirstCall/ -- Infinity Bio-Energy
Ltd. (AIM: IBI.L) announced today that it has filed an application with the
Brazilian Securities Commission (CVM) to register the Company as a foreign
issuer in Brazil and to issue Brazilian Depositary Receipts ("BDRs") in a
public offering in Brazil and with international placement efforts. As
described in the application to register with the CVM, the BDR program will
contemplate the issuance of new common shares to finance the continuing growth
of the Company, through new acquisitions, financing of Greenfield projects,
industrial investments in existing mills and financing of co-generation
projects. The BDRs will represent AIM-listed common shares, through the
establishment of a depositary program. The BDRs will be traded on BOVESPA.
International placement of BDRs will be made to qualified investors under Rule
144A in US and to non-US, Brazilians and Bermudian Investors under Regulation
S of the Securities Act of 1933. Sales in UK can be made only to qualified
investors, as defined in the Prospectus Directive.
This announcement is not an offer of securities for sale into the United
States or in any jurisdiction in which such an offer or solicitation is
unlawful. The securities referenced herein have not been and will not be
registered under the US Securities Act of 1933 (the "Securities Act") or under
any relevant securities laws of any state or other jurisdiction of the United
States and may not be offered, directly or indirectly, in the United States
absent registration or an applicable exemption from the registration
requirements of the Securities Act and in compliance with state securities
laws, or in any other jurisdiction where such offer or sale is prohibited.
The Company does not intend to register any portion of such offering in the
United States or to conduct a public offering of its securities in the United
Sates. Prospective purchasers are hereby notified that sellers of the shares
may be relying on the exemption from the registration provisions of Section 5
of the Securities Act provided by Rule 144A under the Securities Act.
On June 2, 2008, the Board of Directors of the Company approved certain
amendments to the Company's Bye-laws to conform them to the corporate
governance standards of the Novo Mercado segment of BOVESPA, and the Company
has submitted the bye-laws amendments for approval by the Shareholders in a
General Meeting scheduled for June 25, 2008.
SOURCE Infinity Bio-Energy Ltd..

Sergio Thompson-Flores, CEO, +011-5511-3525-9921, or Rodrigo Aguiar, IRO,
+011-5511-3525-9922, both of Infinity Bio-Energy; or Adrian Hadden or Adam
Cowen, both of Collins Stewart Europe Limited, +44 (0) 20 7523 8350