Gasoline from Wood Waste A Year in Review Presented by: George Stanko, President June, 2012.

Gasoline from Wood Waste

Gasoline from Wood Waste

A Year in ReviewPresented by: George Stanko, President

June, 2012

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Recap of CORE BioFuel

CORE’s mission: develop chemical products from biomass feedstock without fossil fuels

Our first project will develop a patent-pending process to produce carbon neutral 92 octane gasoline from wood feedstock

Gasoline from wood is a well-timed solution:

need to reduce fossil carbon emissions;

crude oil is scarce and becoming difficult to extract,

motor vehicle industry is geared to produce combustion engines which burn gasoline

We planned to build our first commercial plant in B.C and are evaluating other sites in Canada

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Technology: status update

In 2011 Technip, Inc., a global engineering firm, completed a 3rd party technical review and engineering feasibility of the process

The Report was favorable and Technip has since been engaged by CORE in a Service Agreement

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Update on Promotion

CORE has a new logo

We have a revised process diagram (see next slide)

Our website has been improved and updated

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Canadian Gasoline Market

Gasoline and diesel are the most widely used transportation fuels

Infrastructure, supply & distribution is complex and extensive

Nearly 200 million litres a day of petroleum-based fuels are pumped into Canadian cars and trucks

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Update on Financing

CORE Investment

Investment through CORE Limited Partnership has been successful - the 2nd offering has not yet been filled

CORE continues to pursue funding sources -- government and the private sector

CORE is seeking a Strategic Partner

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Update on Intellectual Property

Patents are pending in Canada, the U.S., European Union, and India

All applications are waiting for prosecution

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Comments on Competition

CORE is not aware of other attempts to produce gasoline from DME

Several companies have stated intent to produce gasoline from “bio-crude” (KiOR, Licella (Australia))

Others claim to produce fuels from syngas generation (Cool Planet Biofuels, Primus Green Energy)

Volvo and Chemrec have teamed up to construct a commercial plant to produce DME from synthesis gas generated from the gasification of black liquor

Haldor-Topsoe is developing their TIGAS process which closely resembles the MTG process (methanol-to-gasoline)

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Bankable, Insurable and Marketable

Through Stern Brothers, The Export Import Bank of America has given CORE a letter of interest for biorefinery debt financing

AON will place Risk Mitigation insurance for the biorefinery, featuring Performance Guarantee insurance

Off-take agreement: Elbow River Marketing will purchase 100% of the output of the CORE green gasoline biorefineries

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Update on Timeline

Timeline assumes funding is acquired by Q3 of 2012

Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4Pre FEED and FEED Construction EngineeringPlant ConstructionPlant Commissioning

2012 2013 2014 2015

Fixed Price

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CORE’s Competitive Advantage

$CDN / litre

CORE’s production cost 0.39

Canadian 2011 average wholesale* 0.87

*According to Natural Resources Canada, refinery shutdowns in eastern US and pipeline bottlenecks for

western crude will cause supply issues which will increase wholesale prices in Canada starting in August, 2012

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Capex and Profitability

Capital Cost of the 1st Plant $ 110.9 million

Capex per litre $ 1.63

Revenue from Sales $ 53.4 million

Cost of Wood $ 13.6 million

EBITDA $ 24.7 million

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Visualized Progress

Construction Engineering with Technip - EPC Fixed Price

Contract $ 12,000,000Build, Own, Operate$ 25 MM Equity$ 74 MM Debt

Plant Licensing“Construction ready license” OPTIONS

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CORE BioFuel Inc.

Questions or comments ?Visit our website:

www.corebiofuel.com