BioCentric Energy Holdings -- Shareholder Update

Dennis Fisher, the Chairman of the Board for 

BioCentric Energy Holdings, Inc.

(Pink Sheets:BEHL), today issued the following statements: "It has been 90 days since the annual shareholder meeting in Las Vegas, Nevada and although we try to keep our seven thousand plus shareholders apprised of their company, we sometimes fail to address prior releases and exactly what has been accomplished. Below are exact quotes and results to date of our stated Primary Objectives defined at the Shareholders Meeting in Las Vegas."

BioCentric Energy's Primary Objectives for the Next Ninety Days are:

1. Website updates – completed.
2. Complete new laboratory in Santa Ana – completed as well as R & D Lab completed.
3. Complete our 6,500 sq ft version 3 PBRs in Santa Ana, California – completed.
4. Complete exact same version, 6500 sq ft version 3 PBRs in South Carolina – cancelled – no financial gain achieved from completion
5. Assemble hard asset components to Lone Star College for a small 4300 sq ft PBR and begin the assembly process – cancelled – in negotiations presently with Department of Plant & Microbial Biology, College of Natural Resources, UC Berkeley for alliance more beneficial to BEHL.
6. Locate and secure 150 + acres for multiple client farms at one California location – scaled down to 70 acres – 3 Southern California sites identified and in negotiation.
7. Informing in detail our newly appointed CEO with all major future BioCentric objectives – - Dr. Goodall is on board and has already provided assistance in our vision…Our CEO is presently authoring a government guarantee loan for our own farm in Southern California.
8. Completion of the $5M Capital raise – postponed until results of government application or until up-listing has been completed to OTCBB
9. Complete Form 10 filing to OTCBB requirements – auditor contract in house, process in motion – not completed – anticipated completion of audit is the end of August.
10. Complete the sale of 3 inoculant reactors – sold one to date.
11. Sell two continuous flow desktop reactors – sold one to date.
12. Submit three provisional patents already proven by the company – still on the drafting boards for completion
13. Hire an independent evaluator to ascertain today's perceived value on provisional patents already received by U.S. Patent Office – after evaluating the benefits of this investment management has postponed this task

Current update:

Last week we were injecting a high concentration of CO2 into the system to drop the PH level to under 4 for sterilization of both the nutrients and the water within the system – the beta test was a complete success except for one problem … we realized, too late, that the pig was expanding with the high content of CO2 in the water. Two nights later the pig stopped inside the system from increased expansion and burst all the tubes from the intense back pressure created from the stoppage. We have since replaced all the tubes from this extreme expansion and have installed a pressure relief shutoff system to stop this problem from occurring again.

Because we can now sterilize in days instead of weeks, the new scheduled time to introduce the inoculant into the reactor will be targeted for Thursday, June 10th.

We are excited about the new blow molding solution Dr. Goodall is delivering. This new tubing is stronger, a two year warranty, without seams for easier install, and less expensive. 

Excavation has begun on our first acre in Southern California … two of the four CABs (Controlled Algae Basins) have been dug and are now in the compaction stage.

We have estimated that the CABs will utilize the geothermal assets for both cooling and heating year round to manage the temperature effectively, efficiently, and economically.

BioCentric Energy's Manager of Research and Development, Mr. Helmut Gass has achieved promising lab results for an economically feasible method of electronic flocculation that will create up to a five percent mass of algae to be dispersed on the BioCentric/Algae Ventures belt harvester for final dewatering.

The BioCentric Energy Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7468

Safe Harbor Statement: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as BEHL or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements.

All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

CONTACT:  BioCentric Energy
          Dennis Fisher, Chairman of the Board
          714-966-1234
          http://www.biocentricenergy.com/