Pure Biofuels Establishes Jatropha Nursery to Support Its Feedstock Needs.

* Nursery to Produce 360,000 Plants in Two Months

* First Feedstock Yield is Expected in Less Than a Year

* 80% Of Oil Needed for Production Targeted to Come from Company-Owned Jatropha Plantation by 2015

LOS ANGELES & LIMA, Peru -- Pure Biofuels Corp., (OTCBB:PBOF), a Peruvian-based biodiesel corporation, today announced that it has established a Jatropha nursery which will produce an initial 360,000 plants in approximately two months, scaling up to one million plants per month. The first yield of oil, which the Company is going to use as feedstock for biodiesel production, is expected in less than a year.

Pure Biofuels' Chairman Chris Tewell, stated, "The establishment of a Jatropha nursery is another significant milestone in our growth strategy. We believe that becoming a self-supplier of feedstock is one of our competitive differentiators and protects us from commodity price fluctuations. Importantly, our Jatropha plantation will provide development to adjacent rural communities, creating more than 10,000 jobs. We are very pleased to commence cultivating our own feedstock with the target of satisfying our full-scale biodiesel feedstock needs in the years ahead."

Jatropha is one of the lowest cost feedstock sources for production of biodiesel. It is a non-food plant that is easy to grow, even on wastelands. It yields more than 2.5 metric tons of non-edible oil per hectare per year. Pure Biofuels plans to plant its crops on marginal land that is unsuitable for cultivating food crops. The company intends to ramp up to a planting a rate of 1,000 hectares per month and expects 80% of its feedstock will be derived from its local Jatropha plantation by 2015.

About Pure Biofuels Corporation

Pure Biofuels is committed to becoming a leader in Latin America's rapidly emerging biofuels industry. Pure Biofuels' flagship project, the Callao Port biodiesel refinery near Lima, Peru, is scheduled to complete construction in the second quarter of 2008 and to commence full production capabilities by the third quarter of 2008. The Company believes Peru's economic growth and expansion, illustrated by recent exponential growth in foreign direct investment, and GDP growth over the last five years, adds to Peru's promise as an attractive geography for alternative fuel production and development. In addition, rating agency DBRS in 2008 assigned investment-grade credit ratings to Peru's long-term foreign and local currency debt.

Biodiesel is a clean and renewable energy source derived from vegetable oil that can be used in unmodified diesel engines. Biodiesel improves overall engine performance, is 100% compatible with existing diesel vehicles and infrastructure, and has proven reliable in over 50 million miles of road testing. Biodiesel significantly reduces harmful exhaust emissions, which contribute to global warming; is non-toxic at any level; and is the first and only fuel to have passed the Clean Air Act. The United Nations expects biofuels to account for a full 25% of world energy needs by 2025.

For more information about Pure Biofuels, please visit: www.purebiofuels.com

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Since the forward-looking statements relate to future developments, results or events, these statements are highly speculative and involve risks, uncertainties and assumptions that are difficult to assess. You should not construe any of these statements as a definitive or invariable expression of what will actually occur or result. Such forward-looking statements include, among others, the expectation and/or claim, as applicable, regarding the construction of the Callao Port refinery. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, (i) Pure Biofuels' ability to raise the necessary capital to complete construction of the biodiesel refinery on time and within budget; (ii) Pure Biofuels' ability to obtain any necessary government, regulatory or other permits or approvals; (iii) Pure Biofuels' ability to keep pace with technological advances and correctly identify and invest in the technologies that become commercially accepted; (iv) Pure Biofuels' ability to operate the biodiesel refinery, if and when construction is completed, efficiently, without work stoppages, labor disputes, equipment/mechanical break-downs, political, economic and social unrest and in compliance with new governmental regulations; (v) Pure Biofuels' ability to comply with environmental, health and safety laws; and (vi) Pure Biofuels' ability to negotiate binding agreements for the sale of biodiesel, if and when production commences. These forward-looking statements are made as of the date of this news release and the company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the company's periodic reports filed from time to time with the Securities and Exchange Commission and available at www.sec.gov.