Chinese 'green' Manufacturer Novarise Renewable Resources International Ltd Lists On The Asx Today

NOVARISE RENEWABLE RESOURCES INTERNATIONAL LTD


NEWS RELEASE


29 April 2010


CHINESE `GREEN' MANUFACTURER

NOVARISE RENEWABLE RESOURCES INTERNATIONAL LTD LISTS ON THE ASX TODAY



One of China's leading green manufacturers, Novarise Renewable Resources International Ltd
("Novarise", together with its subsidiaries, the "Group"), is pleased to announce its debut on the
Australian Securities Exchange ("ASX") today, Thursday, 29 April 2010 at 11.00 am (Sydney time),
under the symbol NOE.

Novarise's listing on the ASX follows its successful Initial Public Offer ("IPO") of 100,254,908 shares at
A$0.25 each, raising approximately A$25.064 million from both Australian and international investors.
Novarise now has a total of 399,254,908 issued and paid-up share capital.

"I am extremely pleased to see the commencement of trading of Novarise shares today, the result of our
successful public offering," Novarise Chairman and Managing Director, Mr Qingyue Su said.

"With our IPO proceeds, we are well-positioned to embark on our expansion plans to fortify our
competitive strengths and market leading position."

"We will continue to commit to our business and work towards realising and delivering value to our
shareholders," Mr Su said.

Believed to be the only company in China currently recycling polypropylene ("PP") waste materials to
produce fibre-grade recycled PP pellets, Novarise intends to increase its production capacity and further
enhance its proprietary technology to produce PP fibre-based products, particularly for agricultural,
industrial and construction applications.

Novarise also plans to develop its raw materials supply network internationally, and has established an
operating entity in Australia, to source PP waste materials and to market its new fully recyclable green
shopping bags locally.

Daiwa Capital Markets Singapore Limited ("Daiwa") is the Financial Adviser and Lead Placement Agent
for the IPO. Novarise is Daiwa's first listing on the ASX.

About Novarise

Based in Quanzhou City, Fujian Province, China, the Group is a leading integrated manufacturer of
recycled polypropylene ("PP") fibre-based products. The Group uses proprietary patent-pending
technology to process 18 different types of PP waste materials, such as CD cases, agricultural twine,
safety nets, fishing nets, PP yarn and straps, into fibre-grade PP pellets. The recycled PP pellets are
then used to produce PP filament yarn, PP consumer webbing products and agricultural twine. Its PP
yarn, straps and consumer webbing products are used to produce bags for global brands including Dell,
IBM, Samsonite, Columbia, Nintendo, Disney, Apple, Fila, Umbro and Sony.



NOVARISE RENEWABLE RESOURCES INTERNATIONAL LTD ACN 138 537 596

Australian Office: c/o Level 10, 25 Grenfell Street, Adelaide SA 5000

Chinese Office: No 2-16A Qingmeng Park, Quanzhou Economy & Technology Development Zone, Quanzhou, Fujian Province,
The People's Republic of China

www.novarise.com.au





The Group utilises up to 100 per cent of recycled PP waste materials to produce PP filament yarn and
other products. The cost of processing PP waste materials into recycled fibre-grade PP pellets is
estimated to be 20 per cent lower than the cost of using virgin (non-recycled) PP pellets.

The Group's recyclable PP fibre-based products also reduces the amount of PP waste materials to be
disposed of in landfills, or requiring incineration.

In addition, the Group's PP fibre-based products have recently received the China Environmental
Labeling Product Certificate from the Ministry of Environment Protection of the PRC, certifying its
compliance with the technical requirements for environmental labeling. Products with this certification are
recognised in China for being environmentally-friendly and for promoting the development of a green
economy.



MEDIA CONTACTS:

Michelle O'Leary
Senior Consultant, Phillips Group Pty Ltd
Telephone number: + 61 7 3230 5000 Mobile number: + 61 0403 819 554

John O'Brien
Non-Executive Director, Novarise Renewable Resources International Ltd
Telephone number: + 61 4 1982 6372

Fai-Peng Chen
Non-Executive Director, Novarise Renewable Resources International Ltd
Telephone number: + 61 8 8233 5424





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