White Energy
White Energy Appoints Steenhard as Chief Financial Officer

October 6, 2017

White Energy, one of the nation's leading producers of biofuels, animal feed and food ingredients, has appointed Brian Steenhard as Chief Financial Officer. He joins an executive team led by CEO Greg Thompson, who joined White Energy in September.

"Brian will be a tremendous asset to White Energy. He has a strong track record of successfully increasing revenues and generating value for ethanol and energy companies," Thompson said.

Steenhard has extensive experience in the renewable energy industry. He previously served as CFO of Aventine Renewable Energy Holdings, Inc., where he implemented a turnaround strategy that generated more than $200 million of equity value for Aventine's shareholders. His work included securing capital to modernize the company's ethanol facilities and generate new product lines with enhanced revenue streams.

Steenhard also served as a vice president of Hawkeye Energy Holdings, a large privately-held ethanol company, where he helped grow top-line revenues from $400 million to $1 billion.

"White Energy has tremendous growth potential," Steenhard said. "I look forward to collaborating with the White Energy team and identifying opportunities to create additional value for our business and our customers."

Steenhard is a Certified Public Accountant who began his career at Arthur Anderson, where he worked on mergers, acquisitions, divestitures and initial public offerings for Fortune 500 companies. He holds an accounting degree from the University of Northern Iowa and a Masters of Business Administration from the University of Iowa.

About White Energy

White Energy, headquartered in Plano, Texas, is fueling America's investment in renewable energy. It is one of the nation's leading producers of biofuels, animal feed and food ingredients, with the capacity to produce approximately 300 million gallons of ethanol per year. White Energy owns and operates state-of-the-art grain processing facilities in Texas and Kansas. Learn more at www.white-energy.com.

This press release contains certain statements relating to future results (including, without limitation, "believe," "may," "estimate," "continue," "anticipate," "intend," "plan," "expect," "predict"), which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. You should not place undue reliance on any forward-looking statements. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

for White Energy
Robert Brown, 919-810-1901

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