Proceedings

Notice from the
Office of the Secretary
Ontario

Ontario Securities
Commission


20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8
Commission des valeurs mobilières de l'Ontario
FOR IMMEDIATE RELEASE

October 20, 2008


IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED

- AND -

IN THE MATTER OF
XI BIOFUELS INC., BIOMAXX SYSTEMS INC.,
XIIVA HOLDINGS INC. CARRYING ON BUSINESS AS XIIVA HOLDINGS INC.,
XI ENERGY COMPANY, XI ENERGY AND XI BIOFUELS,
RONALD CROWE AND VERNON SMITH


TORONTO – The Office of the Secretary issued a Notice of Hearing setting the matter down to be heard on October 21, 2008 at 10 a.m. or as soon thereafter as the hearing can be held in the above named matter.

A copy of the Notice of Hearing dated October 16, 2008 and Statement of Allegations of Staff of the Ontario Securities Commission dated October 16, 2008 are available at www.osc.gov.on.ca.


OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY


- 30 -



For media inquiries: Wendy Dey
Director, Communications & Public Affairs
416-593-8120

Laurie Gillett
Manager, Public Affairs
416-595-8913

Carolyn Shaw-Rimmington
Assistant Manager, Public Affairs
416-593-2361

For Investor Inquiries: OSC Contact Centre
416-593-8314
1-877-785-1555 (Toll Free)