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TSXV: CYX | March 2012 Corporate Presentation

Commercializing the Next Oilseed FeedstockCommercializing the Next Oilseed Feedstock

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Forward-Looking Statements

Certain statements contained in this document constitute “forward looking statements”.When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”,“propose”, “anticipate”, “believe”, “forecast”, “estimate”, “expect” and similar expressionsas they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the Company’s current views with respect tofuture events and are subject to certain risks, uncertainties and assumptions. Manyfactors could cause the Company’s actual results, performance or achievements to bematerially different from any future results, performance or achievements that may beexpressed or implied by such forward-looking statements. Given these risks anduncertainties, readers are cautioned not to place undue reliance on such forward-lookingstatements. The Company does not intend, and does not assume any obligation, toupdate any such factors or to publicly announce the result of any revisions to any of theforward- looking statements contained herein to reflect future results, events ordevelopments except as required by law.

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• A publicly-listed holding company that owns 31.9% of Agrisoma Biosciences Inc., a crop seed technology company that has its first seed ready for commercialization

• Owns the Master Technology Licence Agreement with Agrisoma

• Agrisoma has licensed the technology from Calyx

• BDC & Growthworks are the other two major shareholders of Agrisoma

About Calyx Bio-VenturesTSXV: CYX

ShareholderAgrisoma ShareholdersAt Present

Common Shares Held

Percentage Held

Calyx Bio-Ventures 1,479,222 31.90%BDC Capital 1,792,156 38.65%

Growthworks 1,156,123 24.93%Others 9,557 0.21%Options 200,000 4.31%Total 4,637,058 100.00%

www.calyxbio.com

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Calyx Bio-Ventures Management

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Wm. Hugh Notman, President & CEO• Partner at Stirling Mercantile Corporation,

corporate finance advisory • Corporate director of public and private

companies

Richard Whittall, Director• CEO Newstrike Capital Inc. ($300M Market Cap)• Corporate director of several public and private

companies

Kevin Rathbun CFA, Business Development• CFO of Realm Energy (bought out in 2011)• Director of Newstrike Capital Inc.

Keir Reynolds, Director of Investor Relations• President of Mammoth Market Advisory Corp.• Raised in excess of $120M in public venture

capital

Stuart MacGregor, Director• President of MacGregor Equities Inc., a

Toronto based manager of an investment partnership with a focus on private equity investments; previously, a Partner of Polar Capital Corporation

David T Howard, Director• Previously a director of JRI International Ltd.,

a privately-owned agriculture company and SemBioSys Genetics, Inc., an ag-biotech company

Louis P Lacasse, Director• President of GeneChem Management Inc.,

manager of a specialized biotechnology venture fund

www.calyxbio.com

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Calyx Bio-VenturesCapital Structure & Funding Requirement

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Issued and Outstanding: 14,826,401

Stock Options (Average ~$0.20): 1,143,225

Fully Diluted: 15,969,646

Current Private Placement ($0.35): 10,000,000

Pro forma fully-diluted: 26,969,646

Market Capitalization (Mar 2012) ~ $6 million

Management & Director ownership of Calyx (current) ~ 35%

Calyx 2012 Funding Requirement for Agrisoma $3.0M

www.calyxbio.com

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CompanyCompany

Agrisoma is a technology company that owns the world-wide breeder rights to the Carinata seed and is using biotechnology licensed from Calyx to produce a new “designer” seed crop called “ETL Carinata”, that grows more oil per acre than any other oilseed feedstock in existence today

Product

Agrisoma is a seed company that sells Carinata crop seeds to farmers - they grow the crop which produces a valuable feedstock - Agrisoma captures value on seed sales to the farmer. 2012 is the commercial launch of their first product.

Market

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Agrisoma’s ETL Carinata is a scalable opportunity that can profitably produce renewable oil at a price point below $80/barrel – NO RELIANCE ON SUBSIDIESScale

Multi-Billion gallon demand for renewable oil feedstock for ethanol, biodiesel and aviation: aviation is an industry that has committed itself to zero carbon growth through biojet fuel usage

www.calyxbio.com

About Agrisoma - A Scalable Seed Company

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Agrisoma Strategy

Agrisoma has assembled a combination of technologies that include:

commercial Carinata crop varieties that produce high grade oil, enhanced productivity traits increase oil output and, ETL technology to stack traits and deliver seed products to the current

agricultural infrastructure. Carinata feedstock crop provides the highest quality industrial oil feedstock,

directly competing with petroleum

Agrisoma has a two-prong path for seed sales revenue:

Conventional Carinata, a non-ETL or non-GM product has been launched in North America in 2012, enabling branding and market establishment growing to 150,000+ acres in 2014

ETL Carinata, which is a GM product and hence has a longer development time due to a longer regulatory pathway, will be launched in 2015, rapidly growing to multi-million acre production levels which provide the major growth in revenues and potential takeout by other players in the “seed” market

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Agrisoma - Management Team

• Steven Fabijanski, PhD President & CEO• 20 years senior executive experience in the agriculture and biotechnology industry,

previously built and sold a seed company specializing in oilseed technology

• Patrick Crampton, MBA VP Business Development• 15 years global marketing and product management for Syngenta Seeds

• Alistair Duncan, CA Interim CFO• 20 years experience in finance, management in private and publicly traded companies

• Michael Lindenbaum, PhD VP Technology• 15 years R & D, inventor, as well as the scientific and technical leader of the ETL technology

applications

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Supported by management and advisors with decades of agricultural business experience:

•Daryl Males – Agrisoma Product Manager (previously product development manager at Viterra Inc.)

•Mejda Lortie – Director of Government & Regulatory Affairs (previously government affairs leader at Biotech Canada)

•Don Schenk – Advisor, President and CEO of Airline Capital Associates•John Oliver – Advisor, former CEO DowElanco, founder Canadian Agri-Marketing Association

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Carinata: Growing More Oil per Acre

• Sustainable Production on Semi-arid Lands

• No Displacement or Competition with Food Crops

• 30M+ acres of lands identified in just North America

• Non-GM Crop Ready for Commercial Ramp-up

• With ETL - Produces Oil Competitive to Crude Oil Below $80/BBL

• Enables Biofuel Production without Subsidies

• Leftover meal approved for blending in animal feed (USA)

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Carinata Competitive Advantage:More Oil per Acre

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• “Carinata” - a distant cousin of Canola with good feedstock yields, tolerant to heat, drought, pests: “a sustainable source of feedstock”

• “ETL Carinata” is our turbocharged version of “Carinata” improved with our advanced GM technology

• Carinata represents a crop that is a more profitable biofuel feedstock crop than Soybean, Camelina or even Canola

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www.calyxbio.com

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Our ETL Technology

• Agrisoma’s ETL technology is a proprietary, field‐validated crop improvement platform that creates a new generation of enhanced crop plants

• The platform is able to efficiently introduce or stack multiple traits simultaneously into engineered plant chromosomes

• The ability to introduce all of these traits in one cycle is far superior to current trait introduction methods that require multiple cycles

• ETL will increase the amount of oil per acre by more than 50% and further enhance the superior economics of Carinata

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Customers: The Growers are Ready to “Grow Oil”

Crop Ramp-Up2011 - 50 acres2012 - 8,000 acres2013 - 50,000 acres2014 - 150,000 acres 2015 – 600,000 acres

Significant grower demand for product

Scalable business opportunity into key US markets

Up to 30 million acres of production capacity in North America

*Potential takeout target once annual crops of 500,000+ acres are achieved

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Market development through field tours and trade show promotion with target growers

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Gross Margins: Carinata Seeds

Carinata Seed @ $5/lb$12 gross margin per acre

of seed sales

ETL Carinata Seed @ $6.67/lb$22 gross margin per acre

of seed sales

Gross Margin

40% 55%

Seed Treatment, Cleaning Bagging

Inventory Costs

Distribution Costs

Raw Seed Costs

$12.00

$9.00

$4.50

$3.00

$1.50

$22.00

$9.00

$4.50

$3.00

$1.50

Seeding rate: 6 lb of seed per acre$30/acre retail sales for Carinata Seed$40/acre retail sales for ETL Carinata Seed

Costs: $18/acre

Gross Margin/acreCarinata ETL

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Global Demand for Energy Crop Feedstock

2006% of total

production

2012% of total

production

Oilseeds 6% 25%

Palm oil 3% 21%

Wheat / barley 1% 2%

Corn 7% 15%

Sugarcane 17% 28%

Source – Taken from Rabobank analysis

2006 2012

Ethanol 11 B gal 27 B gal

Biodiesel 2 B gal 8.9 B gal

Total 13 B gal 35.9 B gal

Biofuel Demand Biofuel Feedstock Source

According to the International Energy Agency, or IEA, biofuel production could reach approximately 112B gallons by 2030. To meet these targets, the IEA believes feedstock production would need to increase to 150M acres in 2030, up from 75M acres in 2010.

Oilseeds are the fastest growing feedstock source – biodiesel and aviation

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Source – Taken from Cere’s S-1

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Feedstock Uses

100% of the Carinata harvested crop is used and produces two products: Oil and Meal

OIL•Industrial Applications – emulsifiers•Ethanol•Biodiesel•Jet Fuel – drop-in•Naptha – petroleum

BI-PRODUCTS•Meal – animal feed that is high in protein

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Farm, Feedstock, Fly

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Crude Feedstock Oil

CarinataFarming 

Harvest  Process  Biojet Fuel

Military & Commercial 

Flight Demonstrations

From the Combine to the Cockpit: Value Chain Demonstration

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Carinata refined biofuel creates a high-performance, drop-in biojet fuel that further enhances the demand for the crop and feedstock

www.calyxbio.com

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Resonance™ Carinata Biojet Exceeds ASTM Specifications

HRJRenewable Green Jet™

Agrisoma RediJet Carbon Distribution

Carinata Biojet Analysis1 Match to ASTM Specifications2 Manufacturer3

1GC/MS analysis of biojet fuel carbon distribution of parrifins, cyclo- and iso-parrifins and aromatic content. 2Comparison to ASTM D7566, JP-8 and Military 83133G specifications for freeze point, flash point and energy density. Analyses performed by Canadian DND-QETE and by the U.S. Air Force Research Laboratory (ARA) and commercial fuel certification analysis (UOP). 3Manufacturing processes include ARA “CH” process and UOP “HRJ” process that produce “Drop-in” fuels.

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2012 Milestones

Complete Agrisoma funding ($7.5 million) Initial commercial rollout - 8,000 acres will be seeded and harvested –

(Target 50,000 acres 2013) Secure a strategic partnership for commodity scale production while

maintaining control of seed sales Commercial Biojet Production underway with 2 Biofuel Manufacturers Department of Defense Test Flights Commercial Test Flights ASTM Certification (American Society for Testing and Materials) Evaluation by US & Canadian Military Testing & Certification Laboratories BDC & Growthworks roll into Calyx Advance ETL seed to commercial status

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Why Invest?

Timing - 10 years of science fully-funded and commercial product now ready

Calyx owns master license for “ETL” technology and worldwide breeder rights for the Carinata seed and any genetically modified versions

2012 will see first significant seed sales and crop growth – 8,000 acres

Roll-in of other Agrisoma shareholders into Calyx planned to be completed by early 2013, thereby eliminating holding company discount

Oilseeds are fastest growing feedstock source

A feedstock shortage exists globally including North America meaning demand is strong for crops and farmers are anxious to grow oilseed crops

Use of semi-arid lands enables fast growth with no need to displace existing food crops

Carinata feedstock crop provides the highest quality industrial oil feedstock, directly competing with petroleum (without subsidies)

Targeting 1M+ acres of annual seed sales within 36 to 48 months – Takeover Target

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Calyx Bio-VenturesHugh Notman, President

604-689-2495hnotman@calyxbio.com

Mammoth Market AdvisoryKeir Reynolds778-998-9242

keir@mmadvisory.com

CalyxBio‐Ventures _________________

TSXV: CYX

CalyxBio‐Ventures _________________

TSXV: CYX

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Appendix Slides

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………………………………………………………………………………………………………Use of Proceeds - $7.5MM Financing

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Development $3.7M• Laboratory Work $2.1M• Field Work USA and Canada $1.6MMarketing $0.6M• Canadian launch• US awarenessG & A $1.8MWorking Capital $1.6M• Production of commercial seed inventory, marketing $7.5M

and sales launch of Contract Production of Carinata

• Supplemented by existing cash on hand and non-equity grants

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Current Financing

Calyx is raising capital to increase its stake in Agrisoma

Pre-financing Agrisoma financing Post-financing

• Calyx Bio-Ventures (31.9%) $3,000,000 (34.1%)

• BDC Capital (38.6%) $3,000,000 (39.0%)

• GrowthWorks* (24.9%) $1,500,000 (23.6%)

AGRISOMA $7,500,000

* Investment through related party

About Calyx Bio-VenturesTSXV: CYX

www.calyxbio.com