Naturally Advanced Technologies Inc. Announces Closing of $10 Million Bought Deal Financing

NOT FOR DISTRUBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Naturally Advanced Technologies Inc. (TSX VENTURE:NAT)(OTCBB:NADVF) ("NAT" or
the "Company") is pleased to announce that it has completed its previously
announced bought deal offering (the "Offering") of 10.0% convertible secured
debentures (the "Debentures") for aggregate gross proceeds of C$10.0 million.
The Offering was conducted by way of a short form prospectus dated September 11,
2012 through Cormark Securities Inc. (the "Underwriter") as the sole underwriter
for the Offering, who purchased a total of 10,000 Debentures at a price of
$1,000 per Debenture. The Company has granted to the Underwriter an option (the
"Over-Allotment Option"), exercisable in whole or in part at any time up to 30
days following the closing of the Offering, to purchase up to an additional 15%
of the Debentures for the purposes of covering the Underwriter's over-allocation
position. In the event that the Over-Allotment Option is exercised in its
entirety it would result in additional gross proceeds to the Company of C$1.5
million from the Offering.


The Debentures will mature on September 30, 2017 and are convertible into common
shares of the Company at the option of the holder at a conversion price, subject
to certain adjustments, of $2.90 per common share, at any time prior to
redemption or maturity. The Debentures will be listed for trading on the TSX
Venture Exchange under the symbol "NAT.DB".


The Company intends to use the net proceeds of the Offering to complete the
installation of the Company's facility in Pamplico, South Carolina and for
equipment and equipment deposits, agronomics, and general corporate purposes. 


The securities have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful.
Any public offering of securities to be made in the United States must be made
by means of a prospectus containing detailed information about the Company and
management, as well as financial statements.


About Naturally Advanced Technologies Inc.

Naturally Advanced Technologies Inc., through its wholly owned subsidiary,
CRAiLAR(R) Fiber Technologies Inc., has developed proprietary technologies for
production of bast fibers, cellulose pulp, and their resulting by-products in
collaboration with Canada's National Research Council. Its renewable and
environmentally sustainable biomass resources from flax, hemp and other bast
fibers offer cost-effective and environmentally sustainable processing and
production, along with increased performance characteristics for use in textile,
industrial, energy, medical and composite material applications. The Company was
founded in 1998 as a provider of environmentally friendly, socially responsible
clothing. For more information, visit www.naturallyadvanced.com.


ADVISORY: This press release contains forward looking statements which may
include statements concerning completion of any proposed acquisitions, capital
programs, debt, funds flow from operations, closing date of the Offering and the
anticipated use of the net proceeds of the Offering and Private Placement.
Although NAT believes that the expectations reflected in these forward looking
statements are reasonable, undue reliance should not be placed on them because
NAT can give no assurance that they will prove to be correct. Since forward
looking statements address future events and conditions, by their very nature
they involve inherent risks and uncertainties. Any proposed acquisition may not
be completed if required approvals or some other condition to closing is not
satisfied. The closing of the Offering and the Private Placement could be
delayed if NAT is not able to obtain the necessary regulatory and stock exchange
approvals on the timelines it has planned. The Offering and the Private
Placement will not be completed at all if these approvals are not obtained or
some other condition to the closing is not satisfied. Accordingly, there is a
risk that any proposed acquisition or offering will not be completed within the
anticipated time or at all. The intended use of the net proceeds of the Offering
and Private Placement by NAT might change if the board of directors of NAT
determines that it would be in the best interests of NAT to deploy the proceeds
for some other purpose.


The forward looking statements contained in this press release are made as of
the date hereof and NAT undertakes no obligations to update publicly or revise
any forward looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.

Naturally Advanced Technologies Inc. (TSXV:NAT)
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