NexGen Biofuels Ltd announced today that on February 26, 2008, the company received a letter from the Nasdaq Listing Qualification Panel, informing it that the panel had determined to delist the company's ordinary shares from The Nasdaq Stock Market. The decision followed a determination by the Nasdaq Listing Qualifications Department that the company had failed to meet the Nasdaq listing standards for a reverse merger in connection with the company's Plan of Arrangement with NexGen Biofuels Inc. Nasdaq will suspend trading of the company's ordinary shares effective at the open of business today, Thursday, February 28, 2008.

However, the company believes that, following the recent filing of a Form 211 by a market maker, its ordinary shares will be eligible for trading on the OTC Bulletin Board.