BioExx - SPECIALITY PROTEINS LTD

FOR IMMEDIATE RELEASE - January 10, 2011

BioExx Specialty Proteins Ltd. (TSX: BXI) ("BioExx" or the “Company”) announced today that it has received a letter from the US Food & Drug Administration (“FDA”), wherein the FDA confirms that it has no questions regarding BioExx’s conclusion that its canola protein products are Generally Recognized As Safe (“GRAS”) for use in a variety of foods and beverages.

A Return to Natural - The Elimination of Solvent Extraction from the Production of Oilseed Protein Isolates. Published December 5, 2011 - Food Navigator.

Historically, solvents such as hexane are required to produce protein from oilseeds like soy and canola. BioExx Specialty Proteins has eliminated this need and is producing canola protein completely free from the use of noxious solvents.

BioExx is a technology company focused on the extraction of oil and high-value proteins from oilseeds for the global food market.

Founded in 2003 and Headquartered in Toronto, Canada, our proprietary technology uses significantly lower temperatures for the extraction of active ingredients and oils from oilseeds resulting in higher yields and higher quality proteins. This competitively positions BioExx to add value to the food chain, not currently available using conventional technology.