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Naturally Advanced Technologies Appoints Advanced Materials Industry Veteran to Its Board of Directors

Posted on: Thursday, 6 August 2009, 06:05 CDT

PORTLAND, Aug. 6 /PRNewswire-FirstCall/ - Naturally Advanced Technologies Inc. (NAT, OTCBB: NADVF, TSXV: NAT), a company committed to unlocking the potential of renewable and environmentally sustainable biomass resources from hemp and other bast fibers, appointed Jeremy K. Jones to its board of directors effective August 5th. With the addition, NAT's board has eight members. Also, management confirmed that all proposals presented at the Annual General Meeting of Shareholders held on August 6th were approved.

"I have been a participant of NAT's Advisory Board since March 2009," stated Jones. "NAT has tremendous opportunity and with its recent agreements with Hanesbrands, Inc. G. J. Littlewoods Son and Patrick Yarns, the company is well positioned for commercialization of Crailar(R) Organic Fibers. I am very excited to join the NAT general board. With 30 years experience in advanced materials, I intend to help management drive our growth strategies in this arena."

"We are delighted Jeremy agreed to expand his role and welcome him to our board of directors," stated Ken Barker, CEO of NAT. "His extensive experience building businesses in the advanced materials industries will be a tremendous asset as we pursue dissolving pulp opportunities in various markets. Our CRAILAR pulping process utilizes environmentally sustainable technology and tests reveal it possesses superior characteristics to the currently available dissolving pulps, making it ideal for applications such as consumer paper products, advanced composites and performance apparel yarns."

Jones, 54, was Vice President of Koch Genesis, the venture arm of Koch Industries, the largest private company in the United States from 2007 through 2009. At Koch he was responsible for deal sourcing, diligence and structuring in areas such as renewable fuels, biopolymers, medical textiles and advanced fibers for Koch's operating businesses INVISTA, Georgia-Pacific and Flint Hills Resources. Prior to Koch, Jones was in leadership and corporate officer roles in Fortune 500 companies such as Polaroid, Motorola and Cabot Microelectronics, where he built several businesses in optical and electronic materials, as well as in start-ups such as Crosslink, a St. Louis company commercializing conductive polymer materials. Jones has a Master of Science in Materials Engineering from Worcester Polytechnic Institute and an MBA from Babson College.

About Naturally Advanced Technologies, Inc.

Naturally Advanced Technologies Inc. is committed to unlocking the potential of renewable and environmentally sustainable biomass resources from hemp and other bast fibers. The company, through its wholly owned subsidiary, Crailar Fiber Technologies Inc., is developing proprietary technologies for production of bast fibers, cellulose pulp, and their resulting by-products, in collaboration with Canada's National Research Council and the Alberta Research Council. Crailar(R) technology offers cost-effective and environmentally sustainable processing and production of natural, bast fibers such as hemp and flax, resulting in increased performance characteristics for use in textile, industrial, energy, medical and composite material applications. The company was founded in 1998 as a provider of environmentally friendly, socially responsible clothing and adheres to a "triple bottom line" philosophy, respecting the human rights of employees, the environmental impact of the company's operations and fiscal responsibility to its shareholders. See www.naturallyadvanced.com

Neither the TSX Venture Exchange nor any regulatory authority accepts responsibility for the adequacy or accuracy of this news release.

Forward Looking Statement Disclaimer

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this news release, other than statements of historical facts, are forward-looking statements. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information and including, without limitation, risks and uncertainties relating to: any market interruptions that may delay the trading of the Company's shares, technological and operational challenges, needs for additional capital, changes in consumer preferences, market acceptance and technological changes, dependence on manufacturing and material supplies providers, international operations, competition, regulatory restrictions and the loss of key employees. In addition, the Company's business and operations are subject to the risks set forth in the Company's most recent Form 10-KSB, Form 10-QSB and other SEC filings which are available through EDGAR at www.sec.gov. These are among the primary risks we foresee at the present time. The Company assumes no obligation to update the forward-looking statements.

SOURCE Naturally Advanced Technologies Inc.

Source: PR Newswire

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