The Renewable Corporation (RNWB) Sells Certain Assets and License Agreement

The Renewable Corporation (RNWB) Sells Certain Assets and
License Agreement

LAKE PARK, Florida ? June 27, 2013 ? On June 27, 2013, The Renewable
Corporation through its wholly owned subsidiary Renewable Bioscience
Technologies, Inc., (the Company) entered into an Asset Purchase Agreement with
Nova Mining Corporation, (NVMN) a Nevada corporation to sell the Company?s
license agreement with Dr. Yin-Xiong Li MD, Ph.D., including certain assets and
processes to innovative technologies in skin protection from the sun,
industrial UV sources and reducing collateral damage from medical radiation
treatment which consists of various patented skin products. The Company
received 7,545,788 shares of common stock of Nova Mining Corporation. In
addition the Company reduced its debt liabilities by $470,000 which was
transferred to Nova Mining Corporation as part of the transaction. The license
agreement with Dr. Li was in danger of being in default on September 23, 2013
if the Company did not produce one million dollars $1,000,000 in revenue
through the sale of products covered under the license agreement. As of the
date of the transaction the Company had sold zero dollars ($0.00) in revenue
through the license agreement.  On July
12, 2013, Nova Mining Corporation filed a Current Report on Form 8-K/A with the
Securities and Exchange Commission and directs interested parties to such
filing. For further information, the documents and related exhibits regarding
the transaction can be viewed at:

http://www.sec.gov/Archives/edgar/data/1372184/000117892413000110/f8k101308_form-nvmn.htm

The license sold is
with Dr. Yin-Xiong Li, MD, Ph.D. to his patent in Enhanced Broad-Spectrum UV
Radiation Filters and Methods as disclosed and claimed in U.S. Patent No. US
Patent # 6,117,846 - Nucleic acid filters and US Patent Application #
20080233626 - Enhanced broad-spectrum UV radiation filters and methods, and the
following international filings European Application # 07811023.6, and
Australian Application # 2007281485 and as trade secrets associate with the
above listed intellectual property and trade secrets and potential patent
applications for an anti-aging skin rejuvenation cream, an acne OTC treatment,
a wrinkle reduction cream and BioSalt redistribution technology using
supplements

About The Renewable Corporation

The Renewable Corporation was
established in 2004, adopted its present name in 2008, and is based in Lake Park, Florida.
It develops and supplies products, services, and technologies that use
efficient, renewable resources. RNWB? s management understands there is
significant interest in clean, green, and lean methods that offer superlative
quality at a cost that is a reasonable alternative to traditional choices, and that
will have a less hazardous impact on the environment and human health.

The Renewable Corporation and
its affiliates integrate sustainable manufacturing and distribution with
cutting edge research and proprietary technology to provide the most advanced
line of products and services available. RNWB actively seeks out partner
companies and individuals that are engaged in similar, forward leaning efforts.
The company encourages creative synthesis and the inspired application of ideas
in unexpected places. Discovering new solutions to existing and anticipated
problems is the corporation?s primary goal. The Renewable Corporation portfolio
already contains multiple patents and patented products. Continued support for national
manufacturing and small business is also at the heart of The Renewable
Corporation charter. RNWB believes that innovative individuals and businesses
will invigorate our economy and drive sustained growth into the future as the
knowledge continues to evolve. RNWB?s management believes that its products,
processes, and services will create many jobs, both at the individual and
corporate level. An exceptional leadership team has been
assembled by RNWB to establish the company?s position at the forefront of
environmentally friendly business, and to guide its efforts. Their expertise
includes new business development and financing, international sales and
marketing, industrial renovation, molecular biochemistry, and biotechnology.

Legal Notice:

This press release may contain forward-looking statements,
particularly as related to pro forma financial statements, earnings estimates
and business expectations, within the meaning of Section 27A of the Securities
Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are
subject to the safe harbor created by these sections. Any statements that
express or involve discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, goals, assumptions or future events or
performance are not statements of historical fact and may be ?forward looking
statements.? Forward looking statements are based on expectations, estimates
and projections at the time the statements are made that involve a number of
risks and uncertainties which could cause actual results or events to differ
materially from those presently anticipated. These forward-looking statements
are only made as of the date of the press release and The Renewable Corporation
and the companies discussed do not undertake any obligation to publicly update
such forward-looking statements to reflect subsequent events or circumstances.

 

SOURCE: 
The Renewable Corporation, www.TheRenewCorp.com

Corporate Contact Information: The
Renewable Corporation, 1313 S. Killian
Drive, Lake Park, FL 33403;
Phone: [phone]

Investor
Relations: Gary D. Alexander, Corporate
Secretary; Email:  [e-mail];
Phone: [phone]