Innovente Evaluates its Options

Innovente Inc. (TSX VENTURE:IGE) ("Innovente" or the "Corporation") announces
today that it must restructure its debt and implement solutions to recover an
adequate level of liquidity. Innovente is evaluating all the options that will
allow the Corporation to regain a viable financial position and obtain
additional financing in order to continue its operations. Among these options,
the Corporation is considering a financial and corporate restructuring, the sale
of assets, seeking financial and strategic partners or any other form of
transaction. 


Certain technical and operational issues at the Saint-Patrice-de-Beaurivage
plant have resulted in the progression trend observed earlier this year not
being maintained, which has compounded the liquidity problems of the
Corporation.


About Innovente

Based in Quebec City, Innovente produces renewable energy by providing
communities with a green and sustainable solution for the management of residual
organic matter with its patented technology. Innovente stock is listed on the
TSX Venture Exchange under the ticker symbol IGE (TSX VENTURE:IGE).
www.innovente.ca


Disclaimer regarding forward-looking statements

Certain statements included herein may constitute "forward-looking statements"
within the meaning of applicable securities laws. Forward-looking statements are
necessarily based on a number of estimates and assumptions that, while
considered reasonable by management when they are made, are inherently subject
to significant business, economic, and competitive uncertainties and
contingencies. Investors are cautioned not to place undue reliance on
forward-looking statements. The Corporation disclaims any intent or obligation
to update publicly these forward-looking statements, whether as a result of new
information, future events or other development unless required by applicable
law.


Neither TSX Venture Exchange nor its Regulation Services Provider (as these
terms are defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this press release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Source: Innovente
Richard Painchaud
President and Chief Executive Officer, Innovente
418 692-1011
[e-mail]