Nova Biosource Fuels to Sponsor Biodiesel Documentary at the 2008 Sundance Film Festival

Nova Biosource Fuels to Sponsor Biodiesel Documentary at the 2008 Sundance Film Festival

HOUSTON, Jan. 17 /PRNewswire-FirstCall/ -- Nova Biosource Fuels, Inc. (AMEX:NBF) announced today its sponsorship of the feature-length documentary "Fields of Fuel" at the upcoming 2008 Sundance Film Festival, being held in Park City, Utah, January 17 - 27. Fields of Fuel, created by best-selling author and environmentalist Josh Tickell, chronicles Josh's personal journey across America to help introduce people to the world of biodiesel and the alternative energy strategy to secure America's energy independence and boost the economy.

"We are proud to be co-sponsors of Fields of Fuel and for the opportunity to be part of the Sundance Film Festival," said Kenneth J. Hern, Nova's Chairman and Chief Executive Officer. "The film addresses the vital need for alternative biodiesel production and presents a platform to showcase to a large audience the importance and benefits of alternative energy," said Mr. Hern. "We are dedicated to becoming the leader in this rapidly growing industry and to educating the public on alternatives to fossil fuels."

Fields of Fuel's world premiere screening is set for Monday, January 21 at the 2008 Sundance Film Festival. More information is available at http://www.fieldsoffuel.com/ and http://www.sundance.org/festival.

About Nova Biosource Fuels, Inc.

Nova Biosource Fuels, Inc. is an energy company that refines and markets ASTM standard biodiesel and related co-products through the deployment of its proprietary, patented process technology, which enables the use of a broader range of lower cost feedstocks. Nova is focused on building and operating a number of Nova-owned biodiesel refineries, with a goal of attaining production capacity of between 180 to 220 million gallons of biodiesel fuel on an annual basis. In particular, it is investing to improve the profitability of its 10 million gallon per year biodiesel refinery in Clinton, Iowa, while also completing the construction of its 60 million gallon per year biodiesel refinery in Seneca, Illinois. Nova's business strategy for the next three years includes building up to seven biodiesel refineries with production capacities ranging from 20 to 100 million gallons each per year. More information on Nova Biosource Fuels can be found at http://www.novabiosource.com/.

Forward Looking Statements

This news release contains forward-looking statements, including statements regarding Nova's plans, goals, strategies, intent, beliefs or current expectations. These statements are expressed in good faith and based upon a reasonable basis when made, but there can be no assurance that these expectations will be achieved or accomplished. Readers are urged to carefully review and consider the various risk factors disclosed by Nova in its reports filed with the Securities and Exchange Commission, including Nova's Quarterly Report on Form 10-QSB for the period ended July 31, 2007, which describes the risks and factors that may affect Nova's business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, Nova's actual results may vary materially from those expected or projected in this release or in Nova's other filings.

First Call Analyst:
FCMN Contact: lchapman@halliburtonir.com

Source: Nova Biosource Fuels, Inc.

CONTACT: J.D. McGraw, President of Nova Biosource Fuels, Inc.,
+1-713-869-6682; or Hala Elsherbini or Brett Suddreth, both of Halliburton
Investor Relations, +1-972-458-8000, for Nova Biosource Fuels, Inc.

Web site:

http://www.novabiosource.com/
http://www.fieldsoffuel.com/
http://www.sundance.org/festival

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