BIOFUEL RECEIVES NOTICE OF LISTING COMPLIANCE FROM NASDAQ

DENVER, Nov. 4 /PRNewswire-FirstCall/ -- BIOFUEL ENERGY CORP. (Nasdaq: BIOF)
announced today that it received a letter from the Nasdaq Staff on October 28,
2009, informing the Company that it had regained compliance with Listing
Rule5450(a)(1), which requires that listed securities maintain a minimum bid
price of $1.00 per share. As previously reported, the Staff had informed the
Company on September 15, 2009, that its common stock had failed to meet the
minimum bid price requirement for continued listing over the previous 30 days
as required under the Listing Rule. Since that time, the closing bid price
for the Company's common stock has been at $1.00 or greater for at least 10
consecutive business days, bringing the Company back into compliance. As a
result, the Company expects to continue to list its shares on the Nasdaq
Global Market so long as its common stock continues to meet the minimum bid
price requirement. The Company's stock closed at $1.20 per share in
yesterday's trading.

Contact: Kelly G. Maguire For more information:
Vice President - Finance and www.bfenergy.com
Chief Financial Officer
(303) 592-8110
kmaguire@bfenergy.com

SOURCE BioFuel Energy Corp.

Kelly G. Maguire, Vice President - Finance and Chief Financial Officer of
BioFuel Energy Corp., +1-303-592-8110, kmaguire@bfenergy.com