Company to Seek an Immediate Listing on the Bulletin Board, While Preparing for a Listing on a National Exchange in 2007

IRVINE, CA--(MARKET WIRE)--Dec 19, 2006 -- BlueFire Ethanol, Inc.'s (Other OTC:BFRE.PK - News) CEO and President Arnold R. Klann announced today that it has filed with the U.S. Securities and Exchange Commission a Form 10-SB to become a fully reporting company. The filing of the Form 10-SB will meet the reporting requirements to list the Company's common stock on the Over the Counter Bulletin Board ("OTCBB") quotation system, and is the first step in the Company's goal of listing on a national exchange during 2007.

Commenting on this announcement, Arnold Klann stated, "BlueFire believes that becoming a fully reporting company and the listing of its shares on the OTCBB will enhance investor confidence and interest, as well as assist in making our stock more attractive to institutional investors. Upgrading the Company's reporting status and current listing status is an important milestone in our business plan to deploy cellulose to ethanol technology in North America." Mr. Klann added that, "Our next goal is to work rapidly towards meeting eligibility requirements for joining a national trading market to continue to grow the Company and enhance shareholders' value.''

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