NEWS

PARAMUS, NJ -- 09/22/08 -- Raven Biofuels International Corporation (OTCBB: RVBF) ("Raven" or the "Company") is pleased to announce that the research firm of Murphy Analytics LLC has initiated its equity rating on Raven. The report is available online at: http://www.murphyanalytics.com/uploads/RVBF_Initiation.pdf.

This newly arrived at price target has been developed as a result of Company efforts towards the completion of several agreements that will launch Raven's biofuels strategy providing technology and partners to build clean, renewable biorefineries globally.

Raven is initially pursuing its strategy in Washington State and British Columbia (BC) and is focused on low-cost, non-food biomass as the feedstock for its biorefineries. The proposed BC refinery plans to utilize wood waste and Mountain Pine Beetle softwood as a possible source of feedstock. In a March 2008 press release, the BC Government stated that "The Ministry of Forests and Range and the Council of Forest Industries estimate that the mountain pine beetle has now affected about 710 million cubic metres of timber." Further, "There are about 1.35 billion cubic metres of merchantable pine on B.C.'s timber-harvesting land base. If the infestation continues to behave as it has over the past nine years, it's projected that 76 percent of this pine volume will be killed by 2015." It is estimated that the area covered by the pine beetle infestation in BC alone is nearly the size of Texas. Another large area of the pine killed forests extends down the West Coast in to Washington and Oregon.

The proposed Washington State plant will also utilize wood waste and wood chips as feedstock. This focus on technologies fuelled by low-cost biomass puts Raven in a position to benefit not only from governmental incentives, but also from the real economics of the global energy market.

The report identifies key factors such as secured equity funding commitments for working capital and for the project financing of the first biorefinery; an 11 million gallon per-year facility to be located in Washington State. The report further notes that Raven is making excellent progress towards its stated objective of reaching production capacity of 100 million gallons annually within the next five years and includes potential economic models as part of its overall analysis of the company.

The Analyst for the report is Mr. Patrick J. Murphy, CFA who has certified that his views expressed in this report accurately reflect his personal views about the Company, and that no part of any compensation was or will be related to the views expressed in his report. Mr. Murphy is a CFA Charterholder and a member of the CFA Society of St. Louis with 15 years of investment and transaction analysis across a wide range of asset classes including microcap equities, commercial real estate debt and equity, municipal derivatives and public finance, venture capital, fixed income, commercial MBS and mortgage REITs. He was engaged by an independent third party to undertake the development of the report.

Johns Sams, Raven's President and Chief Operating Officer, stated, "We are very pleased to have the benefit of such a thorough and insightful review of our prospects and efforts to-date. We believe that the analyst report prepared by Mr. Murphy will provide compelling information to all those individuals interested in Raven's development potential."

About Raven Biofuels International Corporation (OTCBB: RVBF)

Raven Biofuels is a developing global renewable energy company focused on producing ethanol from waste or biomass (cellulosic ethanol). Raven plans to build commercial scale refineries using a proprietary 2 stage dilute acid hydrolysis process to convert forestry and agricultural waste to transportation grade ethanol. The production of cellulosic ethanol could play a major role in national energy independence as it has in Brazil. Ethanol made from waste is a viable clean fuel that can play a part in reducing emissions that cause global warming and reducing independence on foreign oil. For more information visit: www.ravenbiofuelsinternational.com

Notice Regarding Forward-Looking Statements

This release and the report referenced herein by Murphy Analytics LLC and the Analyst (together referred to as .MA.) on Raven Biofuels International Corp (the Company.) is to be used for informational purposes only. Nothing in this report or news release should be construed as investment advice or as an offer to buy or sell any securities. A full disclaimer identifying the analyst's limitations is included within the report itself. Both the report and this news release contain "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, including without limitation those statements regarding the ability of Raven Biofuels International Corporation ("Raven" or the "Company") to construct any ethanol plants or proceed with the commercialization of its technology or that it will be able to exploit, develop, acquire, finance, operate, or make profitable, any of the commercial opportunities discussed or described herein. These forward-looking statements are not historical facts and can be identified by the use of forward-looking words or phraseology such as "believes," "expects," "may," "intends," "anticipates," "plans," "estimates," and analogous or similar other expressions intended to identify such forward-looking statements. Actual results could differ materially from those reflected in such forward-looking statements. Raven and its principals will not assume any obligation to update any of the forward-looking statements to reflect any events, facts, or circumstances that may arise other than as may be required by applicable law or regulation.