announcement of earnings release

Author: BioFuel Energy Corp
November 1, 2007

NEWS RELEASE

BIOFUEL ENERGY ANNOUNCES EARNINGS RELEASE AND SHAREHOLDER CONFERENCE CALL

DENVER, COLORADO – NOVEMBER 1, 2007 – BIOFUEL ENERGY CORP. (NASDAQ:BIOF) announced today that it will be releasing third quarter 2007 results on Wednesday, November 7, 2007, after the market closes.

The Company plans to host a conference call on Thursday, November 8, 2007 beginning at 11:00 a.m. (EST) to discuss the third quarter results. To participate, please dial (800) 944-8766. The participant code for the call is 71657. Approximately 60 minutes following the call, a phone playback will be available for 30 days by dialing (866) 281-6782. The access code for the replay is 156707.

BioFuel Energy is a development stage company currently engaged in constructing two 115 million gallons per year ethanol plants in the Midwestern corn belt. The Company’s goal is to become a leading ethanol producer in the United States by acquiring, developing, owning and operating ethanol production facilities.

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Contact:          
David J. Kornder
Executive Vice President & Chief Financial Officer                               

For more information:
www.bfenergy.com            
(303) 592-8110                      
dkornder@bfenergy.com

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