Successful Testing and Patented Technology During Developmental 2016 Provides Optimism for 2017

Norcross, GA -- (ReleaseWire) -- 12/28/2016 -- Vega Biofuels, Inc. (OTCPink:VGPR), provides the following update to its shareholders.

2016 has been a very productive year for the Company. As a result of President Obama's plan to cut carbon pollution in the United States by reducing carbon dioxide emissions created by coal-fired power plants, we adjusted our Business Plan to focus more attention on the domestic market for our renewable energy product called Bio-Coal. Our Bio-Coal is a renewable energy product made from timber waste using unique technology called torrefaction. Torrefaction is the treatment of biomass at high temperatures under low oxygen conditions.

During the first half of the year, we focused on increasing our production capacity by building a larger torrefaction machine and streamlining a portion of the manufacturing process. The increase in capacity was followed by several successful laboratory tests of our Bio-Coal to assess whether or not our product could replace traditional coal in coal-fired power plants. The lab testing was performed by Standard Labs and the results indicated that our product could meet and in most cases, beat the specifications of traditional coal.

In the first quarter, we responded to a Request for Proposal from a major US Utility to provide a quote for 8,000 tons of our Bio-Coal product. From the list of companies providing quotes, Vega was chosen to move forward with the Utility. During the second quarter of the year, we sent several samples of our Bio-Coal to the Utility for further testing to confirm that our product could perform safely and successfully in their coal-fired boiler.

The Utility was impressed with our product and sent larger samples to the Western Research Institute to have testing done in an actual boiler that WRI has at their facility. The results of this extensive testing proved that Vega's Bio-Coal out performed traditional coal in the boiler and could be burned in the Utility's plant as a clean-energy replacement for PRB coal.

The extensive report by WRI is posted on our website vegabiofuels.com.

Subsequent to the WRI report being made public, we received requests from several other power companies that were interested in performing their own tests on our Bio-Coal. As a result of the increase in the attention our Bio-Coal is receiving, we are projecting 2017 revenue will surpass two million dollars. In order to accommodate the increased demand for our product, we completed construction in November on our generation four torrefaction machine. The new design increases the production of each machine by approximately 25%.

To protect the design of the Company's torrefaction machine, we secured the services of King & Spaulding, LLP to draft and submit a Provisional Patent with the U.S. Patent and Trademark Office under the title "Method and Apparatus for Torrefying Biomass". The application disclosure relates generally to wood used as a fuel source, and more particularly to systems, methods, and devices for torrefying biomass, such as wood or other agricultural biomass. We feel that our torrefaction machine is the most robust production unit currently in the marketplace.

The attention we are receiving from all over the world is a result of the hard work done by everyone associated with our Company and our partners as well as the successful testing of our Bio-Coal product by power companies and laboratories around the world.

On behalf of our management team, we want to thank you for your continued support during our developmental stage. We look forward to capitalizing on the increased interest in our Company as we move into 2017. We will provide additional updates as we move forward.

About Vega Biofuels, Inc. (OTCPink:VGPR)
Vega Biofuels, Inc. is a cutting-edge energy company that manufactures and markets a renewable energy product called Bio-Coal made from timber waste using unique technology called torrefaction. Torrefaction is the treatment of biomass at high temperatures under low oxygen conditions.

For more information, please visit our website at http://www.vegabiofuels.com.

Forward Looking Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release.

DATASOURCE: Vega Biofuels, Inc.
CONTACT:
Vega Biofuels, Inc.:
800-481-0186
info@vegabiofuels.com
vegabiofuels.com
@vegabiofuels

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Company Projects Significant Increase in Revenue for 2017

Norcross, GA -- (ReleaseWire) -- 12/22/2016 -- Vega Biofuels, Inc. (OTCPink:VGPR), today announced that following the successful evaluation of the Company's Bio-Coal product, completed by Western Research Institute, the Company has received requests for samples from power companies all over the world interested in performing their own independent testing prior to placing an order. Vega Biofuels, Inc. recently announced the successful testing performed by a major US power company and Western Research Institute on the Company's Bio-Coal product. The results confirmed that Vega's Bio-Coal product can be used to replace traditional coal in coal-fired power plants. As a result of the spike in interest in the Company's Bio-Coal product, Vega Biofuels, Inc. projects 2017 revenue to be in excess of two million dollars.

"We are optimistic that we will receive several of the small orders that we are currently working on that will have a significant impact on our bottom line for 2017," stated Michael K. Molen, Chairman/CEO of Vega Biofuels, Inc. "In addition to the smaller orders, we are working with a couple of major coal-fired power plants on much larger orders that could more than triple our $2M projections for 2017. We now have the capacity to produce between eight and fifteen tons per hour and have plans to increase this capacity during the coming year."

Bio-Coal is a renewable energy product made from timber waste using unique technology called torrefaction. Torrefaction is the treatment of biomass at high temperatures under low oxygen conditions. Vega Biofuels, Inc. recently announced that the Company filed a Provisional Patent Application with the U.S. Patent and Trademark Office under the title "Method and Apparatus for Torrefying Biomass". The application disclosure relates generally to wood used as a fuel source, and more particularly to systems, methods, and devices for torrefying biomass, such as wood or other agricultural biomass.

The "Biomass Combustion Evaluation Report" was done to evaluate whether or not Vega's Bio-Coal can be used as a replacement for traditional coal. Western Research Institute, located in Laramie, WY conducted the tests using two versions of Vega's Bio-Coal. The first product was torrefied at 300oC and the second at 450oC. The testing results indicated that the product produced at 300oC performed successfully when compared to PRB coal.

About Vega Biofuels, Inc. (OTCPink:VGPR)
Vega Biofuels, Inc. is a cutting-edge energy company that manufactures and markets a renewable energy product called Bio-Coal made from timber waste using unique technology called torrefaction. Torrefaction is the treatment of biomass at high temperatures under low oxygen conditions.

For more information, please visit our website at vegabiofuels.com.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release.

CONTACT:
Vega Biofuels, Inc.: 800-481-0186
info@vegabiofuels.com
vegabiofuels.com
@vegabiofuels

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Norcross, GA -- (ReleaseWire) -- 12/15/2016 -- Vega Biofuels, Inc. (OTCPINK:VGPR), today announced a successful evaluation of the Company's Bio-Coal product was recently completed by Western Research Institute at the request of a large domestic utility company. The results confirmed that Vega's Bio-Coal product can be used to replace traditional coal in coal-fired power plants. Bio-Coal is a renewable energy product made from timber waste using unique technology called torrefaction. Torrefaction is the treatment of biomass at high temperatures under low oxygen conditions. Vega Biofuels, Inc. recently announced that the Company filed a Provisional Patent Application with the U.S. Patent and Trademark Office under the title "Method and Apparatus for Torrefying Biomass". The application disclosure relates generally to wood used as a fuel source, and more particularly to systems, methods, and devices for torrefying biomass, such as wood or other agricultural biomass.

The "Biomass Combustion Evaluation Report" was done to evaluate whether or not Vega's Bio-Coal can be used as a replacement for traditional coal. Western Research Institute, located in Laramie, WY conducted the tests using two versions of Vega's Bio-Coal. The first product was torrefied at 300oC and the second at 450oC. The testing results indicated that the product produced at 300oC performed successfully when compared to PRB coal.

The torrefaction process converts timber into a renewable energy alternative to traditional coal for utility owned pulverized coal-fired power plants around the world. Torrefaction is a partial carbonization process created at temperatures between 475 - 575oF (200 - 400° C) in a low oxygen environment. The physical and energetic properties of the biomass are then much more comparable to conventional coal. Bio-Coal has a high-energy density of up to 13,000 BTUs/Lb and is considered a renewable energy fuel that meets the Renewable Portfolio Standards and Renewable Energy Credits (RECs) in the United States. Existing coal-fired power plants can utilize the Bio-coal without making significant changes to their current infrastructure.

"This is very good news for our Company. The extensive evaluation performed by Western Research Institute confirms what we've been saying all along, that our Bio-Coal can replace traditional coal and help keep coal-fired power plants open and save the jobs for those that would be lost when these power plants are shuttered. We feel that our product is the best solution for the future of these plants. They can utilize our product with very little retrofitting. We have posted the 63 page Evaluation Report on our website.

To review, go to vegabiofuels.com," stated Michael K. Molen, Chairman/CEO of Vega Biofuels, Inc.

About Vega Biofuels, Inc. (OTCPINK:VGPR)
Vega Biofuels, Inc. is a cutting-edge energy company that manufactures and markets a renewable energy product called Bio-Coal made from timber waste using unique technology called torrefaction. Torrefaction is the treatment of biomass at high temperatures under low oxygen conditions.

For more information, please visit our website at vegabiofuels.com.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release.

CONTACT:
Vega Biofuels, Inc.
800-481-0186
info@vegabiofuels.com
vegabiofuels.com
@vegabiofuels

Source: Uptick Newswire

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Norcross, GA -- (ReleaseWire) -- 11/17/2016 -- Vega Biofuels, Inc. (OTCPink:VGPR) announced today that the Company has filed a Provisional Patent Application for its generation four (G4) torrefaction machine. Vega recently announced that its G/4 torrefaction machine increases the manufacturing capacity by approximately twenty five percent. Vega believes that portions of the process for the new machine are unique in the current marketplace and therefore, filed the Provisional Patent Application with the U.S. Patent and Trademark Office under the title "Method and Apparatus for Torrefying Biomass". The application disclosure relates generally to wood used as a fuel source, and more particularly to systems, methods, and devices for torrefying biomass, such as wood or other agricultural biomass.

Torrefaction is a special process technology that converts timber into a renewable energy alternative to traditional coal for utility owned pulverized coal-fired power plants around the world. Torrefaction is a partial carbonization process at temperatures between 475 - 575oF (200 - 400° C) in a low oxygen environment. The physical and energetic properties of the biomass are then much more comparable to conventional coal. Vega's torrefied fuel product is called Bio-Coal. Bio-Coal has a high-energy density of up to 13,000 BTUs/Lb and is considered a renewable energy fuel that meets the Renewable Portfolio Standards and Renewable Energy Credits (RECs) in the United States. Existing coal-fired power plants can utilize the Bio-coal without making significant changes to their current infrastructure. The torrefaction machines are manufactured by the Company and its Joint Venture partner in eastern Kentucky. The new machine is the Company's fourth generation model and includes a pre-dryer that partially dries the biomass prior to the torrefaction process. This step increases the capacity of the machine by approximately 25% by allowing the biomass to pass through the roasting chamber at a faster speed.

"We are very proud of the capabilities of the new machine and in order to protect the Company and its partners, we felt it was important to file the Patent Application. We feel that this machine is the most unique and durable machine currently in the marketplace," stated Michael K. Molen, Chairman/CEO of Vega Biofuels.

About Vega Biofuels, Inc. (OTCPink:VGPR)
Vega Biofuels, Inc. is a cutting-edge energy company that manufactures and markets a renewable energy product called Bio-Coal made from timber waste using unique technology called torrefaction. Torrefaction is the treatment of biomass at high temperatures under low oxygen conditions.

For more information, please visit our website at vegabiofuels.com.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release.

DATASOURCE: Vega Biofuels, Inc.

CONTACT:
Vega Biofuels, Inc.
800-481-0186
info@vegabiofuels.com
vegabiofuels.com
@vegabiofuels

Source: Uptick Newswire

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Addition of Pre-Dryer Speeds Production Time By 25%

Norcross, GA -- (ReleaseWire) -- 11/09/2016 -- Vega Biofuels, Inc. (OTCPink:VGPR), announced today that construction of the Company's fourth generation torrefaction machine has been completed and includes a pre-dryer to speed production time.  Torrefaction is a special process technology that converts timber into a renewable energy alternative to traditional coal for utility owned pulverized coal-fired power plants around the world. Torrefaction is a partial carbonization process at temperatures between 475 - 575oF (200 - 400° C) in a low oxygen environment. The physical and energetic properties of the biomass are then much more comparable to conventional coal.  Vega's torrefied fuel product is called Bio-Coal.

Bio-Coal has a high-energy density of up to 13,000 BTUs/Lb and is considered a renewable energy fuel that meets the Renewable Portfolio Standards and Renewable Energy Credits (RECs) in the United States.  Existing coal-fired power plants can utilize the Bio-coal without making significant changes to their current infrastructure.  The torrefaction machines are manufactured by the Company and its Joint Venture partner in eastern Kentucky.  The new machine is the Company's fourth generation model and includes a pre-dryer that partially dries the biomass prior to the torrefaction process.  This step increases the capacity of the machine by approximately 25% by allowing the biomass to pass through the roasting chamber at a faster speed.  The production capacity of the new model is between 8 and 10 tons per hour.  In addition to manufacturing Bio-coal, the Company produces an agricultural product called Biochar.  Biochar is used as a soil enhancement for the agricultural industry to increase the amount of yield from each plant.

As a result of President Barrack Obama's plan to cut carbon pollution in the United States by reducing carbon dioxide emissions created by coal-fired power plants, Vega adjusted its Business Plan to focus more attention on the domestic market for its products.  The Company's Bio-Coal product is a green energy solution for the President's plan.  "Adding the pre-dryer not only increases our production capacity, it and allows us to produce a much more consistent product for our clients.  We feel like this machine is the most robust and durable machine to date.  Our plan is to have two additional machines completed in the next few months using this same design," stated Michael K. Molen, Chairman/CEO of Vega Biofuels

About Vega Biofuels, Inc. (OTCPink:VGPR)
Vega Biofuels, Inc. is a cutting-edge energy company that manufactures and markets a renewable energy product called Bio-Coal made from timber waste using unique technology called torrefaction.  Torrefaction is the treatment of biomass at high temperatures under low oxygen conditions. 

For more information, please visit our website at vegabiofuels.com.

Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release.

DATA/SOURCE: Vega Biofuels, Inc.

Contact:
Vega Biofuels, Inc.
800-481-0186
info@vegabiofuels.com
vegabiofuels.com
@vegabiofuels

Source: UPTICK Newswire

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm