Biogenerics Joint Venture Partner Completes Drilling of Well and Production Testing; Will Commence Utilizing HydroSlotter Technology; Company Concurrently Announces that Tyche Acquired Producing and Undeveloped Assets from Rubicon Petroleum.

TORONTO -- Biogenerics Inc. (the "Company"), (OTC:BIGN - News) Biogenerics announces that Tyche Energy Inc. ("Tyche") has advised that drilling operations at the Tyche well #1 have been completed. The well reached a total depth of 2,032 feet and encountered the Grimsby formation at a depth of 1,841 feet.

The subject well encountered a 16.4 foot interval within the Devonian Dundee formation that tested 10 - 15 barrels of oil per day. The well is currently being plugged back to allow for a completion and production testing of the indicated oil zone. Tyche will complete the subject well utilizing a proprietary technology owned by Hydroslotter Corporation. Abrasive Hydrojet Perforating Technology ("AHPT") is a patented technology developed in Russia that has been used successfully in re-completing damaged oil and gas wells in Russia, Vietnam and the United States. AHPT provides significantly greater depth of penetration and corresponding enhancement of near well bore permeability when compared to conventional perforating technologies. This will be the first field test of AHPT in Canada and the first time it has been used as a primary completion technology.

Biogeneriics' partner, Tyche also announces that it has completed the purchase of producing and non producing assets from Rubicon Petroleum Inc. The subject assets are located in Southwestern Ontario and North East BC and are comprised of varying interests in both producing and non producing lands. The Producing assets include a 38.48% working interest in one (1) producing gas well, and a 1.96% gross overriding royalty in one (1) producing oil well with net daily production to the company of approximately 3.5 BOED The undeveloped assets are comprised of a fifty percent (50%) working interest in approximately 10,000 acres of exploration licenses located within the prolific Trenton/Black River oil play, and a ten percent working interest (10% WI) in two Crown P&NG licenses located in the Caribou-Sikanni Area of North East BC.

Tyche reported that follow-up exploration work carried out over the company's 6,000 acre lease block in Dunwich Township, Ontario have confirmed the results of the initial survey and an exploratory drilling location has been chosen for a well that will test the Silurian Grimsby formation. The Grimsby is expected to be gas bearing at this location. Recent discoveries in the Grimsby formation have proven reserves of up to 2.0 BCF of gas per well.

Forward-Looking Statements:

This press release contains "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those reflected in the statements. Information on the factors which could affect the Company's operations or financial results are included in the Company's reports on file with Canadian securities regulatory authorities and the United States Securities and Exchange Commission. Forward-looking statements are based on the estimates and opinions of the Company's management at the time the statements are made. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.