Carbonics Announces Culbertson Revival

Inventory Liquidation Complete
NEW YORK--(Business Wire)--
Carbonics Capital Corporation (OTCBB: CICS) announced today that the liquidation
of inventory at its Culbertson, Montana-based oilseed crush facility
("Culbertson") is complete.

Culbertson was previously unable to renew its working capital line of credit
during the second half of 2008 and was therefore unable to complete its purchase
of delivered oilseed inventory. Culbertson later cooperated with the Montana
Department of Agriculture and the North Dakota Public Service Commission to
liquidate and pay for the delivered crop. After several months of difficult
work, and the tremendous efforts of Montana and North Dakota regulatory
officials, Carbonics is pleased to report that the liquidation is complete.

With the liquidation complete, focus is now centered on reviving and
revitalizing Culbertson`s operations for the benefit of its creditors,
stakeholders, the community and the region. Carbonics is focused on finding a
strategic partner with the financial, operational and other resources needed to
subsidize Culbertson`s growth and development, with a focus on the expanded
production of food grade vegetable oils and advanced biofuels.

Culbertson consists of oilseed handling, storage and processing infrastructure,
including mechanical crush and vegetable oil refining equipment. It has over two
million gallons of crude vegetable oil storage, over one million bushels of
oilseed storage, and over four thousand tons of meal storage. Additional
infrastructure includes a rail siding, truck and rail scales, and major U.S.
highway frontage.

Dr. Paul Miller, Carbonics` president and CEO stated, "We are pleased that
growers have been compensated successfully for oilseed crops delivered to
Culbertson. Culbertson is very important to the community, the region and
Montana and efforts are underway to revive the operations for processing of food
grade oils and, with the right strategic partner, advanced biofuels."

Culbertson is located in North Eastern Montana in a productive agricultural
region known as the MonDak. The region, which overlaps both Montana and North
Dakota, is known for outstanding production of grains and oilseeds and
Culbertson has been a fixture in the region since the mid-50`s and, under
various ownership, has undergone upgrades over the years.

Domestic vegetable oil consumption is at approximately 20 billion pounds per
year and historical growth has been in excess of 2%. This existing market,
combined with advanced biofuels initiatives, is increasing the need for
additional oilseed production and processing. The MonDak region is well
positioned and Culbertson is located strategically to meet these growing
vegetable oil needs.

Moreover, an increasing awareness of the health dangers associated with
trans-fat has increased the demand for naturally heat stable oils such as
safflower and sunflower, which Culbertson is known for producing. Given the
proximity to Canada and regional production, canola is also an option for
processing as well as camelina, an emerging oilseed crop with significant
potential as raw material for biojet fuel.

"Culbertson is uniquely sized to process a variety of high quality vegetable
oils as well as support the emerging processing needs for vegetable oil as raw
material for advanced biofuels. The productive region combined with the
processing infrastructure result in a compelling opportunity for growth. We look
forward to identifying and forging an alliance with a qualified strategic
partner to bolster our efforts to exploit this exciting opportunity," stated Dr.
Miller.

About Carbonics Capital Corporation

Carbonics Capital Corporation (OTCBB: CICS) was founded to facilitate
decarbonization in ways that cost-effectively capitalize on the evolving carbon
markets.

Safe Harbor Statement

This communication contains statements that may constitute "forward-looking
statements" within the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act
of 1995. Those statements include statements regarding the intent, belief or
current expectations of Carbonics Capital Corporation and members of its
management as well as the assumptions on which such statements are based.
Prospective investors are cautioned that any such forward-looking statements are
not guarantees of future performance and involve risks and uncertainties, and
that actual results may differ materially from those contemplated by such
forward-looking statements. Important factors currently known to management that
could cause actual results to differ materially from those in forward-statements
include fluctuation of operating results, the ability to compete successfully,
and the ability to complete before-mentioned transactions. The company
undertakes no obligation to update or revise forward-looking statements to
reflect changed assumptions, the occurrence of unanticipated events or changes
to future operating results.

For Carbonics Capital Corporation
Gary Nash, 406-546-5263
Fax: 646-572-6336
investorrelations@carbonicscapital.com
www.carbonicscapital.com (under construction)

Copyright Business Wire 2009