Strattner Financial Group (SCNG)

[moneymogul2b]

DALLAS, Feb. 11, 2009 (GLOBE NEWSWIRE) -- Earth Biofuels, Inc. (Pink
Sheets:EBOF) (the "Company") announced late yesterday that it has finalized a
transaction that will provide funding for upgrades to its biodiesel production
facility located in Durant, Oklahoma, as well as incremental working capital for
the Company. The primary upgrade will allow the use of lower cost feedstock
oils. Management expects the upgrades to be completed this August, 2009.

As a result of Earth Biofuels satisfying $70 million worth of its obligations,
the company was in a position to complete this financing. Since then Earth
Biofuels has now become more financeable, and management anticipates the Company
will be able to pursue the goals it has developed over the past several months.
Management plans to announce these goals within the next 30 days.

The transaction includes the acquisition of over 350 storage tanks, each ranging
in size from 8,000 to 39,000 gallons capacity. Earth Biofuels plans to install a
number of the tanks at its Durant facility in order to have excess storage for
various feedstock oils and fats and/or finished biodiesel product. The total
storage capacity in Durant is planned to exceed 1,000,000 gallons. The Company
plans to sell the remainder of the tanks to help provide the funds for the
Durant plant upgrades.

With the volatility in biodiesel feedstock markets, the Company's strategy will
be to utilize its storage capacity to acquire and hold physical inventories of
various feedstocks, depending upon biodiesel production economics at any given
time.