IBR Changes Name to Terrabiogen

Terrabiogen Technologies Inc., formerly International Bio Recovery Corporation
(TSX VENTURE:TBG) - 


THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS
AGENCIES


International Bio Recovery Corporation, a developer and marketer of proprietary
technologies for the production of organic-based, high-value agricultural
products from organic wastes, is pleased to announce that it has changed its
name to Terrabiogen Technologies Inc. effective January 21, 2011. All regulatory
approvals have been received for the name change and the Company's new trading
symbol on the TSX Venture Exchange is TBG.


The Company is in the process of developing a new website and will be
transitioning all IBR documents to that site by February 1, 2011.


Blair Heffelfinger, President and CEO of the Company stated, "the name change to
Terrabiogen Technologies Inc. signifies a new beginning for the company. Over
the past 15 months, 6 of the 8 directors are new to the company. I joined the
company in May last year and was appointed President and CEO on September 1,
2010. During this period, we have expanded our research team and are building on
our technical expertise. We will also be working with strategic partners in our
growing trials and are nearing the completion of a process review to reduce the
capital cost and operating costs of future plants."


About Terrabiogen

Located in North Vancouver, BC, Terrabiogen Technologies Inc. is committed to
research and development to continue to improve the efficiency of its technology
and the quality of its agricultural products. It is further committed to
developing a world wide marketing capability to ensure market acceptance of its
products.


This news release contains certain statements that may be deemed
"forward-looking" statements. Forward looking statements are statements that are
not historical facts and are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur. Although IBR believes the
expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance
and actual results may differ materially from those in forward looking
statements. Forward looking statements are based on the beliefs, estimates and
opinions of IBR's management on the date the statements are made. Except as
required by law, IBR undertakes no obligation to update these forward-looking
statements in the event that management's beliefs, estimates or opinions, or
other factors, should change.


THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE
SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD
IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Terrabiogen Technologies (TSXV:TBG)
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