Apologies for the delay in posting this. Been to Las Vegas for a Grand Canyon heli tour, then a run through Death Valley this week and just got back...

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In Touch Tuesday

BioCentric Energy

March 30, 2010

Dear BioCentric Energy Shareholders,

There are many exciting events taking place at BioCentric Energy. The Company recently completed the final installation of its first commercial closed-loop photobioreactor, complete with a state of the art Siemens control system. It was a momentous time for BioCentric Energy, as the Company proudly fired up its 6,000sqft. commercial demonstration unit without a hitch last Saturday, March 27, 2010! The system is currently undergoing a sterilization process to ensure that the environment is free of contamination prior to incorporating the algae into the commercial system.

The BioCentric Energy team is so pleased with the stability and functionality of its commercial closed-loop system, they will be allowing shareholders and clients the opportunity to view the working system live via their web-cam in a few short weeks. In the picture below you will notice the transparency of the bioreactor tubes as water flows from end to end. Once the algae are incorporated into the system, the algae growth will become apparent with the darkening of the water. As the water darkens the algae biomass will become thick and compacted with algae biomass. The biomass will be harvested daily and processed according to the desired end product. Depending on the algae strain (and the targeted end product) the color observed could be green, brown or red.

Effective April 2nd, 2010 Dennis Fisher will officially relinquish his position as CEO of the Company and appoint Dr. Brian Goodall as BioCentric Energy’s new CEO. Mr. Fisher will remain active in the Company and maintain his position as Chairman of the Board and Executive Vice President of Business Development. Dr. Goodall’s experience is unparalleled, as his talents, expertise and innovative and patented products were highly valued and instrumental to the growth of his former employers.

In addition to Dr. Goodall, the Company has hired Jose Sanchez, as Field Operations Director, and Helmut Gass, as Manager of Research and Development. Prior to BioCentric Energy installing its commercial closed-loop photobioreactor systems for clients, Mr. Sanchez will be relied upon to analyze all climate, environmental and permitting aspects of each potential algae farm. The information from each location will be analyzed to determine the exact nutrients, water and the temperature control needed to achieve maximum algae growth. Furthermore, Mr. Sanchez’s experience in algae selection, development, growth and harvesting will be an invaluable asset as the Company grows. With research and development in the hands of the resourceful and inventive Mr. Gass, BioCentric Energy will continue to perfect its proprietary processes and tools for growing algae on a commercial scale.

The BioCentric Energy Team would like to express their gratitude to our Shareholders for their enthusiasm, patience and support as we refine our commercial closed-loop photobioreactor systems to exceed our clients’ expectations and meet the global demand for algae derived products.

Sincerely,

BioCentric Energy