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Lignol Energy Corporation Announces Investment and Technology Collaboration with Territory Biofuels Limited

Lignol Energy Corporation (LEC.V), a technology company in the advanced biofuels and renewable chemicals sector, today announced that it has subscribed for convertible notes with a principal value of A$1.18 million issued by Territory Biofuels Limited and signed a Technology Collaboration Agreement that includes a package of technical and further assistance to aid in the restart of TBF's 150 million litre per year biodiesel plant and glycerine refinery located in Darwin, Australia.

The terms of the Notes provide for conversion into an equity position for LEC of between 20% to 40% in TBF, depending on a range of criteria related to the development of the Darwin facility. This investment will be funded, in part, from Lignol's recently announced line of credit with its major shareholder, Difference Capital Funding Ltd. The terms of the Technology Collaboration Agreement provide for technical assistance from Lignol and its partners with respect to both the restart of the facility and the potential integration of new pretreatment technologies and catalysts to facilitate the processing of a broad range of low cost feedstocks.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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