Liberty Renewable Fuels Gives Michigan Chance to Invest in Ethanol

ITHACA, Mich., July 10 -- Liberty Renewable Fuels, LLC, announced today it is giving local investors an opportunity to help drive America's energy independence by investing in Michigan's largest ethanol plant, a 110 million gallon a year project near Ithaca, in Gratiot County.

"We are thrilled to have progressed to this point in our project. We are now able to invite the public to join in our effort," said David Skjaerlund, President and CEO of Liberty. "Too often these opportunities go only to Wall Street. We're giving Main Street Michigan a chance to invest on the ground floor. We know of no other ethanol plant in Michigan that has filed with the Securities and Exchange Commission to allow a public offering in the state prior to plant construction."

Liberty's registration of securities with the Securities and Exchange Commission was effective on June 7, 2007. The company is offering ownership interests for $5,000 per unit, with a minimum purchase of four units (or $20,000). Liberty plans to raise between $50 million and $100 million in a public offering.

Meetings are scheduled throughout the state beginning July 9 to provide easy access to detailed investment information for those who are interested in investing in the plant. To find a meeting in your community or to request an investor's packet, visit http://www.libertyrf.com/ or call 989-743-1042.

Skjaerlund is confident the company has a secure future in the ethanol industry. "Liberty has been committed from the start to a forward-looking approach to addressing key business aspects required for an ethanol plant to be successful," said Skjaerlund.

Liberty has partnered and signed multi-year agreements with regional grain elevators to help provide the corn necessary for the ethanol plant. Site work on the 435 acre site has been under way since January 2007. Construction is starting this week, with the construction team ICM expected to complete the Ithaca facility in the third quarter of 2008.

In addition, Skjaerlund said Liberty has executed a term sheet for project financing with Farm Credit Services of Grand Forks and GreenStone Farm Credit Services has offered to extend credit to their Greenstone members who invest in Liberty.

The Ithaca plant, one of six ethanol operations in Michigan, is expected to process 40 million bushels of corn into 110 million gallons of ethanol annually. In addition to ethanol, the plant will also produce 354,000 tons of distillers' grains for animal feed.

Ethanol is a clean-burning high-octane fuel that can be used in vehicles as a fuel or as a gasoline fuel additive. According to the U. S. Energy Information Administration, the demand for ethanol will likely exceed 14 billion gallons in the next few years. It is blended with one-third of the gasoline consumed in the United States. Five million vehicles in the U. S. today are flexible fuel vehicles capable of using fuel that is a mix of 85 percent ethanol and 15 percent gasoline.