COPENHAGEN, DENMARK--(Marketwire - May 22, 2012) - Bioflamex Corp. (OTCBB: [ BFLX ]) is pleased to announce that the Company has signed an investment agreement with Dutchess Opportunity Fund II for the purchase of up to US$10,000,000 of common stock. The equity line financing, which will be available to Bioflamex upon the effectiveness of a S1 registration statement, allows but does not require Bioflamex to sell up to US$10,000,000 of common stock to Dutchess at a 5% discount to market price during the 36 month term.

Bioflamex will use funds from this investment agreement to fund the production and marketing of its unique green-tech aerosol fire extinguishers.

"We couldn't be happier with this financing arrangement," says Kristian Schiorring CEO of Bioflamex. "This equity line financing will allow us to access the funds we require for full scale production and launch of our products. The low discount to market will minimize dilution for and allow us to maximize value for our shareholders."

Douglas Leighton, founder and managing director of Dutchess, stated, "We are happy to be working with Bioflamex and are excited to implement the ELF for the company. We feel the structure allows the company the flexibility to draw funds as management dictates."

For more information please see the 8K filed with the Securities and Exchange Commission on May 22, 2012.

Bioflamex did not close on the previously announced term sheet with Fairhills.

About Dutchess Capital
Dutchess Capital was founded in 2000. Since then, Dutchess has been a market leader and innovator in providing ELFs and other unique financing structures for publicly-traded companies.

Dutchess has transacted over $2 billion in ELF commitments globally. Dutchess has over 10 years of experience assisting companies throughout the process, as well as the financial wherewithal to fund the company throughout the entire commitment.

Dutchess sources worldwide investment opportunities, with offices in Boston, New York, London, Seoul and Beijing.

About Bioflamex Corp.: Bioflamex Corporation is a company focused on the development, production and marketing of its proprietary "clean tech" and advanced high performance fire prevention and -fighting products and systems.

With its global scope, Bioflamex Corp. primarily aims at penetrating its main market segments with its proprietary Bioflamex aerosols and Sentinel wildfire detection and prevention systems. The mission is to protect the environments while saving lives and property from fires. The Bioflamex Corp. products can enhance private households' ability to safely and efficiently fight and prevent home fires, and increase the ability to protect private and public property in forest fire prone areas with little or no contamination of the environment.

In a $100 billion fire safety and electronic security market, Bioflamex Corp. aims to become a leading "clean tech" niche player and to generate a $100 million + turnover within the next 5 years.

FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.