Range Fuels Appoints Pat Wood III to Board of Directors

Business Wire, June 24, 2008

Former Chairman of the Federal Energy Regulatory Commission to Bring Policy and Regulatory Expertise to the Board

BROOMFIELD, Colo. -- Range Fuels, Inc., a company focused on green energy and the production of cellulosic ethanol, has named Pat Wood III to its Board of Directors. Wood brings two decades of energy regulatory and energy infrastructure development experience to the position.

Wood currently serves as Principal at Wood3 Resources, an energy-infrastructure development business focused on clean power generation, independent transmission, and natural gas facilities. He is also actively engaged as a strategic advisor and independent director to several firms involved in the development of energy infrastructure and power generation. Additionally, he formerly chaired the Federal Energy Regulatory Commission and the Public Utility Commission of Texas, where he designed much of the state's power-deregulation plan.

"Pat's prominent role in energy infrastructure development and regulation will bring added perspective to our Board of Directors that will be invaluable as we grow into a leading green energy company," said Range Fuels' CEO, Mitch Mandich.

"I am looking forward to contributing to the Range Fuels' Board of Directors," said Wood. "I believe my experience will complement the existing talent on the Range Fuels team and together we will work to shape the nation's renewable energy future "

Wood holds a bachelor's degree in civil engineering from Texas A&M University, and a JD from Harvard Law School.

About Range Fuels, Inc.

Range Fuels, Inc. is focused on green energy and the production of cellulosic ethanol using plant matter (or biomass) that cannot be used for food, is sustainable, renewable and in excess supply. The company's innovative technology converts renewable and sustainable biomass, such as wood chips, paper pulp, olive pits, and more, to ethanol. The company's proprietary K2 system uses a two-step thermo-chemical conversion process. The first step converts the biomass to synthesis gas and the second step converts the gas to ethanol. The company's business model is to design, build, own and operate its plants. The leadership team melds experience from Silicon Valley's fast-paced, high-tech world, and the technologically intensive coal, coal gasification, power, and gas-to-liquids industries, the renewable fuel industry, and the pulp and paper industry. Range Fuels' vision is to introduce the world to a fuel that's renewable, sustainable, and eco-friendly.