On 05/15/2008, Pure Biofuels Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

On March 26, 2008, pursuant to the terms of the Amended Purchase Agreement, Pure Biofuels Corp. announced that its board of directors adopted an amendment to its amended and restated bylaws. The First Amendment to the Bylaws include the following: Section 3.2 of the Amended and Restated Bylaws was amended to eliminate the requirement that a majority of the members of the Board of Directors be Independent Directors (as defined in the Amended and Restated Bylaws). Section 3.11 of the Amended and Restated Bylaws was amended to provide that a quorum of the Board of Directors will require the presence of the Plainfield Director(s). Section 4 of the Amended and Restated Bylaws was amended to eliminate the requirement that all of the members of the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee be Independent Directors (as defined in the Amended and Restated Bylaws).

Pure Biofuels Corp. announced that Chris Tewell, a Senior Advisor to Plainfield Asset Management, has joined the company as the new Chairman of the Board. Upon the resignation of the company´s existing Board Chairman, Adam Roseman, Mr. Tewell joins the Board, effective immediately. Mr. Tewell currently is Senior Advisor to Plainfield Asset Management LLC. Mr. Tewell is also a director of BioEnergy International, a privately held, biotechnology company that is developing technologies to produce clean, environmentally beneficial fuels and specialty chemicals from traditional feedstocks and cellulose. Mr. Roseman served as a director and Chairman of the Board of Pure Biofuels since February 2007 and was instrumental in developing the company´s primary business strategy and guiding the company through initial institutional financings.