BXI Bioexx Specialty Proteins Ltd Com Npv

Bio-Extraction Inc. (TSX VENTURE:BXI) ("BioExx" or "the Company") announced
today that it has changed its name to BioExx Specialty Proteins Ltd. Management
has completed the name change, previously approved by shareholders, to reflect
its core protein business focus and to formally adopt the name by which the
Company is generally known in the marketplace, "BioExx". The TSX Venture
Exchange has given its approval to the name change, and effective at the opening
on January 4, 2010 the common shares of the Company will trade under the name
BioExx Specialty Proteins Ltd. The trading symbol of the Company will remain
unchanged as "BXI", and shareholders of the Company can trade existing shares
without the need to transfer any certificates into the Company's new name.


Concurrently with the name change, the name of the Company's subsidiary which
owns and operates its Saskatoon canola protein production facility has been
changed to BioExx Proteins of Saskatoon Inc. The Company has also incorporated a
North Dakota subsidiary company, BioExx Proteins of North Dakota Inc., which
will construct, own, and operate the Company's facility to be located in Minot,
North Dakota. This is consistent with the Company's organizational principle of
having each production facility owned and operated by a separate wholly owned
subsidiary.


About BioExx Specialty Proteins Ltd.

Headquartered in Toronto, Canada, BioExx is a leading technology and industrial
processing company focused on the extraction of oil and high-value proteins from
oilseeds for the global food, beverage, and nutrition markets. BioExx's patented
technology allows for the use of significantly lower temperatures than
conventional methods in extracting the active ingredients and oils from
oilseeds, resulting in higher yields and higher-quality meal, oils and proteins.
BioExx's low energy requirements, environmentally sound process, and high-yield
production have the potential to make a valuable contribution to global food and
protein supply. BioExx operates a commercial scale extraction facility in
Saskatoon, Saskatchewan, is in development stages on it second plant in Minot,
North Dakota and has a mission to construct additional and larger processing
facilities on a global basis. To find out more about BioExx Specialty Proteins
Ltd. (TSX VENTURE:BXI), please visit www.bioexx.com.


The statements made in this press release include forward-looking statements
that involve a number of risks and uncertainties. These statements relate to
future events or future performance and reflect management's current
expectations and assumptions. A number of factors could cause actual events,
performance or results to differ materially from the events, performance and
results discussed in the forward-looking statements, such as the economy,
generally, competition in its target markets, the demand for BioExx's products,
the availability of funding, the efficacy of its technology, and the anticipated
costs of BioExx's plant construction and operation. These forward-looking
statements are made as of the date hereof and BioExx does not assume any
obligation to update or revise them to reflect new events or circumstances.
Actual events or results could differ materially from BioExx's expectations and
projections.

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