Biogenerics Reports on Completion of Well Site Preparation with JV Partner Tyche Energy; Drilling to Commence as Charring Cross Moves Ahead.

TORONTO -- Biogenerics Inc., (NQB:BIGN), an emerging leader in the domestic oil and gas industry, today announced that its joint venture partner, Tyche Energy Inc., reported that well site preparation work for an exploratory Silurian Grimsby well is now complete and the drilling rig is moving onto the location.

The company said it expects to commence drilling operations on the Mosa 6-13-III well upon receipt of the requisite drilling permit. The Mosa 6-13-III well is this first of an initial two (2) well exploration drilling program targeting the gas prone Silurian Grimsby formation.

Tyche currently holds over 3,800 acres of petroleum and natural gas leases within the fairway and is expanding its natural gas presence. A geochemical survey is underway on the second Silurian Grimsby prospect. This data will assist the company in identifying prospective drilling targets on these lands.

The Company concurrently announced that preliminary engineering evaluation regarding the Charring Cross project, for a sulfur gas treating facility for natural gas production from the Harwich 1-1-18.IV WCR well is underway. Union Gas Limited has commenced design and construction of a meter site that will deliver sweet gas to local markets. The Harwich 1-1-18-IV WCR well tested sour gas at a stabilized flow rate exceeding 450 thousand cubic feet per day.

"Clearly Biogenerics is making significant headway in its mission to become a leader in the domestic oil and gas industry. The alliance with Tyche Energy is proving to be a significant strategic move in that direction," stated, Paul Smith, Director of Investor Relations.

"Additionally, the Company expects to release information concerning its name change to Tyche Energy, the status of its wholly-owned subsidiaries and filing of its Form 10 in the not too distant future," Smith concluded.

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.