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ALL Fuels & Energy Seeks Reconsideration of Approval of Bankruptcy Sale of Ethanol Plant

ALL Fuels-Jefferson, LLC was one of four qualified bidders at the December 11, 2009 auction of the Renew Energy ethanol plant held in Madison, WI, and managed by William Blair & Company ("Blair" ) and Bankers' Bank, the lead secured creditor in the bankruptcy proceeding. During the auction, at approximately 8:45 p.m., Valero submitted a $72 million cash bid as a "conditional" bid, with an expiration time of 9:15 p.m. At 9:01 p.m., a $77 million bid by ALL Fuels-Jefferson, LLC was announced, based on a discount formula, as a "bid of $72.1 million". Blair and Bankers' Bank then advised the auction participants that "time had run out, the auction closed" , and announced that the "best bid is Valero" , even though Valero's bid was $5 million less than the All Fuels-Jefferson, LLC bid. At 9:06 p.m., the ALL Fuels-Jefferson, LLC attempted to enter a substantially higher bid than its previous $77 million bid. ALL Fuels-Jefferson, LLC was not permitted to enter this bid by Blair and Bankers Bank.

ALL Fuels-Jefferson LLC believes important information regarding the auction and determination of the winning bid by Blair and Bankers Bank was not brought to the bankruptcy court's attention at the December 14, 2009, sale confirmation hearing, including the fact that ALL Fuels-Jefferson ,LLC's bid, announced as a bid of $72.1 million, was in fact a bid of $77 million to which a discount was applied by Blair and Bankers Bank. ALL Fuels-Jefferson, LLC's motion to reconsider will address these important facts. "We are going back to the U.S Bankruptcy Court in Madison, Wisconsin, with all of the facts of what really occurred at the auction in the hands of Bankers Bank and William Blair" , said Dean Sukowatey, President & CEO, ALL Fuels & Energy.

ALL Fuels-Jefferson, LLC's bid was backed by a $65 million term loan commitment from Bankers' and equity derived from a consortium of equity partners, as well as a $55 million corn procurement and risk management commitment from a significant commodities firm.

About ALL Fuels & Energy Company

Visit the company online at: www.allfuelsandenergy.com. ALL Fuels & Energy Company is a development-stage ethanol company organized to operate as an ethanol producer.

Safe Harbor Statement

This press release contains statements that may constitute forward-looking statements, including the company's ability to successfully acquire one or more ethanol production facilities. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about ALL Fuels & Energy's future business and financial results, refer to ALL Fuels & Energy's Annual Report on Form 10-K for the year ended December 31, 2008. ALL Fuels & Energy undertakes no obligation to update any forward-looking statements that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise

ALL Fuels & Energy
Dean Sukowatey, 515-331-6509
dean@allfuelsandenergy.com