Solix Biofuels Completes $16.8 Million in Series A Funding

FORT COLLINS, CO, Jun 30 (MARKET WIRE) --
Solix Biofuels, Inc. ("Solix"), an alternative energy technology company
for the large-scale commercialization of microalgae-based fuels and
co-products, announced the completion of its Series A funding that now
includes the international investment group, Shanghai Alliance Investment
Ltd. ("SAIL"). Solix will use the additional funding to complete
construction and begin operations at its Coyote Gulch Demonstration
Facility, which is expected to be in full-scale commercial operation by
late summer 2009. SAIL's contribution to the Series A Funding will
increase development opportunities for Solix in Asia and Solix's AGS(TM)
Technology is well suited for international deployment.

"The need to develop a low-cost, alternative energy source is a growing
global concern. Having an international investor take interest in Solix
gives us confidence that exciting changes will take place within the
global energy market in the coming years. In addition, developing a
relationship with SAIL facilitates deployment opportunities for us in
Asia and other international markets," said Doug Henston, CEO of Solix
Biofuels. He continued, "Algae is an ideal feedstock to produce biofuel
because it can be grown in diverse climates, uses little water and does
not compete with food crops for land. These factors combined allow for
the global adoption of Solix's AGS(TM) Technology."

Other investors in Solix's Series A Funding include: I2BF Venture Capital,
Bohemian Investments, Southern Ute Alternative Energy LLC, Valero Energy
Corp., and Infield Capital.

About Shanghai Alliance Investment Ltd.

Shanghai Alliance Investment Ltd. is international investment firm based
in Shanghai, China that is heavily invested in numerous technology,
bioscience and renewable energy companies including international
investments that are focused on entities with potential to be deployed
within China.

About Solix Biofuels

Solix Biofuels, based in Fort Collins, Colo., is an alternative energy
production technology company with emphasis on supplying low-cost,
scalable photo-bioreactors that will enable the global production of
biofuels using microalgae as a feedstock. Solix Biofuels is an
intellectual descendant of the U.S. Department of Energy's Aquatic
Species Program, which started in 1978 to explore ways to produce
biodiesel from algae. In early 2006, Solix Biofuels was created to
continue this work, with a goal of creating a commercially viable biofuel
that will help solve climate change and petroleum scarcity, without
competing with global food supply. Solix began construction of its Coyote
Gulch Demonstration Facility, located on the Southern Ute Indian
Reservation, on February 18, 2009 and it is expected to be in full-scale
commercial production by late summer 2009. For more information visit
www.solixbiofuels.com.

Contact:
Katherine Brownson
Solix Biofuels, Inc.
Email Contact

Media Contact:
Rachel Losowski
CTA Integrated Communications
Email Contact
(303) 665-4200

Copyright 2009, Market Wire, All rights reserved.

-0-