Calyx Announces Commercial Launch of Higher Yielding Variety of Resonance(R) Carinata

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Calyx Announces Commercial Launch of Higher Yielding Variety of Resonance(R) Carinata

Calyx Announces Commercial Launch of Higher Yielding Variety of Resonance(R) Carinata

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  • 1. For Immediate ReleaseCalyx Announces Commercial Launch ofHigher Yielding Variety of Resonance® CarinataMay 14, 2013 – Vancouver, British Columbia – Calyx Bio-Ventures Inc., (TSX-V: CYX) ispleased to announce the commercial launch of an improved variety of Resonance® carinata, anindustrial oilseed crop that is proprietary to Calyx’s operating subsidiary, Agrisoma BiosciencesInc. Oil extracted from carinata can be refined into fuels used as 100 percent petroleumsubstitutes.Performance trials of this next-generation variety of Resonancecarinata, AAC A110, deliveredan average yield improvement of 7% compared to the existing Resonance carinata variety, AACA100 (where yield is measured as the weight of the crop harvested per acre). AAC A110 alsodemonstrated an improved meal profile.The AAC A110 variety was developed and extensivelyfield-tested over the last three growing seasons at multiple locations in Western Canada.“The yield improvements from AAC A110 enablesproduction of more oil for every acre planted,compared to the AAC A100 line. This further substantiates the value proposition for Resonancecarinata to become the leading oilseed crop for the biofuel industry,” said Hugh Notman, CEO ofCalyx. “Continuing to develop higher yielding varietiesis a high priority for our company.”Performance trials of AAC A110 resulted in yields as high as 44 bushels per acre. AAC A110also resulted in an improvedmeal (the resulting byproduct of carinata after the oil has beenextracted) profile. Resonance carinata produces a high-soluble protein meal that can be sold intothe cattle feed market.AAC A110 has the same seeding rates and crop inputs (fertilizer, weed and insect control) asA100, and costs the same to produce, treat, clean and deliver to farmers.“Ultimately we get a better crop that results in even better land utilization, which hasimplications across the entire value chain,” Notman said. “Equally important is thattheproduction and use of carinata as a fuel substantially reduces carbon and other harmfulemissions.”Beginning with the current planting season, AAC A110 will be the variety of Resonance carinatasold for commercial production.About CalyxCalyx Bio-Ventures Inc. (TSXV: CYX) is an agricultural technology company focused onrenewable fuels including biojet and biodiesel. Calyx’s majority-owned operating subsidiary,
  • 2. Agrisoma Biosciences Inc., is producing a new proprietary non-food energy feedstock crop,Resonance®carinata, which yields oil that can be refined into fuels that work in existing enginesas a 100 percent petroleum substitute. From seed to sky, fuels produced fromResonance®carinata substantially reduce carbon and other harmful emissions, and help to reduceglobal petroleum dependence.For further information about Calyx, please Resonance® is a registered trademark of Agrisoma Biosciences Inc.For Further Information, please contact:W. Hugh Notman Investor Relations:President & CEO Keir ReynoldsTel: 604-689-2495 Tel: 778-998-9242Email: Email: kreynolds@calyxbio.comForward-Looking Statements: This document contains certain forward-looking statementsconcerning Calyx and/or Agrisoma, as well as other expectations, plans, goals, objectives,information or statements about future events, conditions, results of operations or performancethat may constitute "forward-looking statements" or "forward-looking information" underapplicable securities legislation. Such statements or information involve substantial known andunknown risks and uncertainties, certain of which are beyond Calyxs and/or Agrisoma’scontrol, including general business, economic, competitive, political and social uncertainties;the delay or failure to receive regulatory approvals, the characteristics and viability for bio-fueldevelopment, the willingness of third parties to conclude agreements with Calyx and/orAgrisoma on terms that are acceptable to management of Calyx and/or Agrisoma, and the abilityof Calyx and/or Agrisoma to secure sufficient future funding to carry out all of its business plans.Such forward-looking statements or information are based on a number of assumptions, whichmay prove to be incorrect. In addition to other assumptions identified in this news release,assumptions have been made regarding, among other things, commodity prices, operatingconditions, capital and other expenditures, and project development activities.Although Calyx and/or Agrisoma believes that the expectations reflected in such forward-lookingstatements or information are reasonable, undue reliance should not be placed on forward-looking statements because Calyx and/or Agrisoma can give no assurance that such expectationswill prove to be correct. Forward-looking statements or information are based on currentexpectations, estimates and projections that involve a number of risks and uncertainties whichcould cause actual results to differ materially from those anticipated by Calyx and/or Agrisomaand described in the forward-looking statements or information.The forward-looking statements or information contained in this news release are made as of thedate hereof and Calyx and/or Agrisoma undertakes no obligation to update publicly or reviseany forward-looking statements or information, whether as a result of new information, futureevents or otherwise unless so required by applicable securities laws or the TSX VentureExchange. The forward-looking statements or information contained in this news release areexpressly qualified by this cautionary statement.
  • 3. This press release shall not constitute an offer to sell, nor the solicitation of an offer to buy, anysecurities in the United States, nor shall there be any sale of securities mentioned in this pressrelease in any state in the United States in which such offer, solicitation or sale would beunlawful prior to registration or qualification under the securities laws of any such state.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.