Ceapro Enters Into New Loan Agreement For New Facility

Ceapro Inc. (TSX VENTURE:CZO) is pleased to announce today that it has signed an
Offer Letter with Agriculture Financial Services Corporation (AFSC) which would
provide Ceapro with commercial financing of up to $1,600,000 for its new
manufacturing facility currently under construction in Edmonton. The loan is
subject to certain contingent conditions which are expected to be met within the
near term. The loan will be for a five year term at an interest rate of 3.91%.


"We are pleased to enter into this agreement with our long term partner AFSC to
provide this non-dilutive funding for our new facility located in Edmonton",
said Gilles Gagnon, President and CEO of Ceapro. "AFSC has been with us from the
beginning and we are thrilled that they will be part of the biggest undertaking
in the history of Ceapro. The vote of confidence in our innovative
bio-processing technologies and the new technology platforms that will be
incorporated in this facility is truly inspiring for all of us at Ceapro. We
look forward to continuing to add value to agri-products addressing health needs
and help create a bioprocessing centre of excellence in Alberta", added Mr.
Gagnon. 


About Ceapro Inc.

Ceapro Inc. is a Canadian growth-stage biotechnology company. Primary business
activities relate to the development and commercialization of natural products
for personal care and cosmetic industries using proprietary technology and
natural, renewable resources. The commercial line of natural active ingredients
include beta glucan, avenanthamides (colloidal oat extract), oat powder, oat
oil, oat peptides, and lupin peptides.


To learn more about Ceapro, visit www.ceapro.com

The TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Branko Jankovic
Chief Financial Officer
Ceapro Inc.
Telephone (Edmonton): (780) 917-8376
bjankovic@ceapro.com

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