Methes Energies Inc. - Company News & Media

New York, July 15, 2008 – Methes Energies International Ltd. announced today that its wholly-owned subsidiary, Methes Energies Canada Inc., has completed the acquisition of a 22-acre facility located in Sombra, Ontario, Canada. The facility includes approximately 1 million gallons (4 million liters) of storage facility (tanks), several rails (3,400 feet of rail, including 4 spurs), truck loading racks, laboratory equipment, a water treatment plant, several furnished buildings, as well as an office space, air compressor, hot water boilers, and a fire suppression system. The total purchase price for the facility was paid in cash.
“This is a very important milestone in our expansion and we are very excited by the closing of this transaction”, said John Loewen, President of Methes Energies Canada Inc. “With the purchase behind us, we can now focus on setting up the first 5 Denami 600s, which will begin producing later this year to generate a total of 6.6 million gallons (25 million liters) of biodiesel annually. Work is already well under way in the hands of our dynamic team of employees, who is already busy at readying all that is necessary to begin production.”
Mr. Loewen added, “Our objective is to increase production to 13.2 million gallons (50 million liters) per year in early 2009. The Sombra facility has plenty of space to grow and we intend to make good use of the whole property, including the development of other compatible activities that complement our business, which will consequently generate additional revenues for our company.”
Sombra will become the second biodiesel production facility for Methes Energies. Its first facility is located in Mississauga, Ontario, Canada, which is currently producing 1.3 million gallons (5 million liters) per year.

About Methes Energies International Ltd. (“Methes International”)
Through its two wholly-owned subsidiaries - Methes Energies Canada Inc. and Methes Energies USA Ltd. - Methes Energies International Ltd. stands as a leader in the biodiesel arena with its innovative and efficient processes that are delivered to its clientele in easy turn-key solutions. These biodiesel solutions are designed for heavy users of biodiesel and diesel fuels, traditional diesel and biodiesel fuel distributors, large scale biodiesel producers, as well as entrepreneurs seeking the independence of producing their own fuel.

In 2007, Methes Energy Inc. introduced the Denami 600. This state-of-the-art design is the industry’s first compact, fully automated continuous flow biodiesel processor that offers the flexibility of using a wide variety of feedstock options. We believe that the Denami 600 positions itself as the most reliable and cost effective method of producing quality top grade B100 biodiesel fuel, which meets or exceeds current ASTM standards. The Denami 600 can produce a total of 1.3 million gallons (5 million liters) per year. Additionally, the Denami 600 is one of the only commercially available fully automated compact units on the market today. Finally, Methes Energies provides its customers with an efficiency of scale, reliability and independence from the traditional petroleum business sector. More information can be found at www.methes.com.

Forward-looking Statements: This news release contains forward-looking statements related to the future financial condition and results of operations of Methes. These statements are based on current expectations and estimates about the biodiesel markets and industry in which Methes operates and management's beliefs and assumptions regarding these markets. These statements are subject to important risks and uncertainties which are difficult to predict and assumptions which may prove to be inaccurate. Some of the factors which could cause results or events to differ materially from current expectations include but are not limited to: general economic conditions, market or business conditions; changing competitive environment; changing regulatory conditions or requirements; changing technology; and success in implementing productivity initiatives. Some of these factors are largely beyond the control of Methes. Should any factor impact Methes in an unexpected manner, or should assumptions underlying the forward-looking statements prove incorrect, the actual results or events may differ materially from the results or events predicted. All of the forward-looking statements made in this document are qualified by these cautionary statements, and there can be no assurance that the results or developments anticipated by Methes will be realized or, even if substantially realized, that they will have the expected consequences for Methes. Readers should not place undue reliance on any forward-looking statements. Further, Methes disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or any other occurrence.