BioFuel Energy, LLC, a privately held ethanol company, has finalized selection of sites on which it plans to build its next three ethanol production facilities. BioFuel Energy is currently constructing its first two 115 million gallon a year ethanol plants in Wood River, Nebraska and Fairmont, Minnesota. Both are being built by TIC in association with Delta-T Corporation and are expected to be operational in the first quarter of 2008.

BioFuel Energy indicated that the sites for its next three 115 million gallon a year facilities are in Alta, Iowa; Gilman, Illinois; and Atchison, Kansas. An alternate site is being prepared in Litchfield, Illinois. In each case, land options have been secured and all required regulatory permits have been obtained or applied for.

Cargill, Incorporated is expected to handle corn procurement as well as the marketing of the ethanol and distillers grain produced at the new plants. Each site is located in an area where Cargill has a strong traditional presence and is adjacent or proximate to major corn storage facilities owned by Cargill or one of its affiliates. Construction of the new plants will commence upon finalization of construction agreements and associated financing.

Simultaneously, BioFuel Energy announced that its senior management team is now fully in place. David J. Kornder joined the Company as Executive Vice President and Chief Financial Officer. Most recently, Dave served as Senior Vice President and Chief Financial Officer of Petrie Parkman & Co., a boutique energy investment bank acquired at year-end by Merrill Lynch. Previously, he had served as Executive Vice President and Chief Financial Officer of Patina Oil & Gas Corporation.

Timothy S. Morris joined the Company as Vice President-Operations, bringing a wealth of leadership and experience in the construction and oversight of ethanol production facilities. Prior to joining BioFuel, Tim was Chief Executive Officer of American Ethanol, Inc., a private ethanol production company. Prior thereto, Tim held a variety of management and operational positions with United Bio-Energy, LLC, Minnesota Corn Processors, LLC and Cargill, Incorporated.

BioFuel Energy, LLC is a privately held company headquartered in Denver, Colorado. The Company’s goal is to become one of the leading ethanol producers in the United States.