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To: CAYMAN who wrote (6389)	7/10/2002 11:01:15 PM
From: CAYMAN	Read Replies (1) \| Respond to of 6467

Int'l Bio-Recovery settles with Dixon for $37,500 cash International Bio-Recovery Corp IBR Shares issued 16,066,094 Jul 9 2002 close $ 0.68 Tuesday July 9 2002 News Release Mr. Ben Van Dyk reports FRANK DIXON RESIGNS FROM IBR'S BOARD Further to the news in Stockwatch on the resignation of Frank Dixon as president and chief executive officer of International Bio Recovery on June 27, 2002, the TSX Venture Exchange expressed concerns with respect to the issuance of 75,000 common shares of IBR at no value that being part of his severance package and therefore IBR has settled with Mr. Dixon with a $37,500 cash payment in lieu of the share issuance. Mr. Dixon has resigned from the board of directors effective immediately. stockwatch.com

To: CAYMAN who wrote (6389)	7/18/2002 8:52:42 PM
From: CAYMAN	Read Replies (1) \| Respond to of 6467

Int'l Bio Recovery gently reminds CFO to pay up International Bio Recovery Corp IBR Shares issued 17,623,424 Jul 16 2002 close $ 0.85 Thursday July 18 2002 News Release Mr. Elmer Friesen reports IBR REPORTS ON THE UPDATE OF THE CHINA DEAL International Bio Recovery (IBR) would like to update activities on the CFO & Co. Ltd. (CFO) agreement, which was publicly disclosed in Stockwatch on May 24, 2002. IBR has been actively assisting CFO on the design of the first 500-tonne-per-day plant scheduled for Shanghai. As previously reported, CFO forwarded the majority value of these non-refundable payments; however, CFO has not made the final $2.1-million payment due July 15, 2002, and that was required to gain ownership of the technology rights for the People's Republic of China, including Hong Kong. stockwatch.com North Vancouver, BC (July 18, 2002) - International Bio Recovery Corporation ("IBR") would like to update activities on the CFO & Company Ltd. ("CFO") Agreement, which was publicly disclosed on May 24, 2002. IBR has been actively assisting CFO on the design of the first 500 Tonne per day plant scheduled for Shanghai. As previously reported, CFO forwarded the majority value of these non-refundable payments; however, CFO has not made the final $2,100,000 payment due July 15, 2002, and that was required to gain ownership of the technology rights for the Peoples Republic of China, including Hong Kong. International Bio Recovery Corporation is an innovative environmental biotechnology company setting the global standard for the management of organic waste and the development of commercial microbial products to increase crop yields, prevent plant disease and dramatically reduce the world's agricultural dependence on chemicals. "E.B. Friesen" Elmer B. Friesen, P.Eng., President & CEO For further information, please contact: Investor Relations & Corporate Communications International Bio Recovery Corporation Tel: 604.924.1023 Fax: 604.924.1043