Solix Biofuels Announces Changes at the Helm — Joel Butler Appointed as New CEO

FORT COLLINS, CO — (January 25, 2011) — Solix Biofuels, Inc.
(Solix) today announced the appointment of Joel Butler as Chief
Executive Officer. Mr. Butler brings extensive experience in
manufacturing and product commercialization, with over twenty years of
management experience in both early stage and Fortune 500 companies.
Prior to joining Solix, Mr. Butler was at Accenture as a founding member
of their supply chain strategy practice, working on transformation
projects at such companies as Verizon, Nokia and Best Buy. Prior to
Accenture, Mr. Butler was co-founder and Chief Technology Officer (CTO)
of SwiftRivers, an analytical software optimization firm. Mr. Butler
also worked at Quantum Corporation, where his roles included Director of
Technology Licensing and Director of Software Applications. He has a
B.S. in Naval Architecture & Marine Engineering from Webb Institute
of Naval Architecture, an M.S. in Transportation Science and an M.S. in
Management Science both from Massachusetts Institute of Technology
(MIT). Mr. Butler was previously Solix's CTO.

"Joel's background provides the Company with the expertise needed
to drive the commercialization of the Solix AGS™ technology," said Tim
Lewin, Director of I2BF Venture Capital, an investor in Solix and a
member of Solix's Board of Directors. "We believe Solix is now well
positioned to launch these much needed systems into the marketplace."

"I look forward to driving the launch of our proprietary algae
production systems," said Joel Butler. "I believe that Solix's AGS
technology provides the best opportunity to enable the industry to
deliver a range of products derived from algae in the coming years.
These uniquely engineered systems will provide our customers with
reliable, high productivity, algae cultivation capabilities."

Solix has demonstrated continuous growth of high oil-producing
algae in its AGS for almost three years, with no production failures and
significant year-over-year improvements in both biomass yield and oil
output. Last summer, they achieved peak growth rates over 3000 gallons
per acre per year, thereby crossing the threshold that has been deemed
as commercially viable. Solix has also demonstrated its technology at
scale at its demonstration plant located in Southwestern Colorado on the
Southern Ute Reservation. This facility uses waste carbon dioxide and
produced water from industrial sources.

Doug Henston, previously Solix's CEO, and David Maytubby, CFO, have resigned from the Solix to pursue other opportunities.

About Solix Biofuels

Solix Biofuels, Inc., is a developer of algae production
technology designed to produce algal biocrude and other algal products
on an industrial scale. Its proprietary AGS offers the ability to cost
efficiently produce algae products with high productivity and
reliability. The Company works with partners interested in utilizing its
AGS technology to produce products derived from algae and to reduce CO₂
emissions. Solix Biofuels is head quartered in Ft. Collins, Colorado
and has a demonstration facility near Durango in Southwestern Colorado.
The Company is venture funded. For more information, visit
www.solixbiofuels.com.

Solix Biofuels Contact:
Joanna K. Money
Vice President, Business Development
Office: (970) 692 5611