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Bion Environmental Technologies, Inc. Teams with Ardour Capital Investments

New York, New York.  October 18, 2005. 

Bion Environmental Technologies, Inc (Pink Sheets: BNET) announced today that it has entered into an investment banking relationship with Ardour Capital Investments ('Ardour') pursuant to which Ardour will serve, commencing this Fall, as Bion's exclusive financial advisor with regard to raising capital through the equity markets.  Ardour will assist Bion in raising both equity for corporate uses and the equity component required for upcoming project financing.

Kerry Dukes, Managing Partner of Ardour, stated, "Ardour is excited to be working with the Bion team.  We have been impressed with the company's technology, as well as its unique market approach. Bion's technology platform solves the air and water pollution issues associated with dairy and other large animal operations, such as cattle, hogs & poultry.  At the same time, the technology is capable of generating renewable energy from both the dairy operations and the end product producers in the form of ethanol, methane & electricity.  Finally, the solids from the waste stream are transformed into useable organic soil and feed products.  It’s an elegant solution to a serious problem.”

Mark A. Smith, Bion's President, said: "We are pleased that Ardour, with its expertise in financing companies in the environmental and alternative energy arena, recognizes the unique nature of the technology which Bion has developed, as well as the tremendous opportunities it creates.  Ardour's commitment to Bion will enable us to pursue the business and integration opportunities created by Bion's patented and proprietary technology.”

About Ardour Capital: Ardour provides a wide range of financial services for both public and private energy technology companies.  Ardour also supplies investors with an independent brand of research not traditionally found within the securities industry.  Ardour has made a commitment to be a leading research institution in the Energy Technology/Alternative Power sector.  For more information, go to: www.ardourcapital.com.

About Bion:  Bion designs and operates advanced waste and wastewater treatment systems for large dairy farms as well as swine and other animal facilities.  Bion  utilizes its patented biological and engineering processes to provide solutions to the nutrient and air pollution problems. Bion’s technology creates opportunities for integration with renewable, bio-energy production (electricity, ethanol and methane) and dairy industry end-users (i.e. milk bottling, cheese and/or ice cream plants) in a way that improves the efficiency, profitability and the environmental sustainability of all participants.  For more information, go to www.biontech.com.

Contact information:

Mark A. Smith
Craig Scott
Vice President-Capital Markets/IR
303-843-6191 direct

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