Biomass Secure Power Inc. (BMSPF)

[OCR8now]

Time line :

Our business plan timeline has been pushed back by approximately six months due to extensive study of the
wood supply in the Natchitoches area, engineering changes, negotiations for long term supply of fibre for the plant
and lack of certainty regarding fibre supply coupled with regulatory uncertainty in Europe has delayed entering
into end user agreements. These impediments have now been removed. Finalization of contracts for fibre supply
will ensure long term access to sufficient fibre to operate the plant at its full production capacity. Regulations
uncertainty in the United Kingdom has now been removed with finalization of regulations in September 2013. We
have originally indicated we would issue request for quotations for plant contrition in September 2013 and now
plan to do so in the second quarter of 2014. Permitting and construction are now planned for late second quarter
of 2014 with plant start-up sometime in the fourth quarter of 2015.