Bion’s third-generation technology platform was designed to mitigate theenvironmental impacts of large-scale livestock production, while recoveringhigh-value coproducts and renewable energy. Bion’s technology, coupledwith evolving policy changes that are now supported by national livestockinterests, USDA, and US EPA, provide a unique and transformativeopportunity at the intersection of the $200B animal-protein industry and the$100B clean water space. Bion has been developing advanced livestockwaste treatment systems since 1989.

January 28, 2020 www.biontech.com

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Forward Looking Statements/Risk Factors

This presentation contains, in addition to historical information, forward-looking statements regarding Bion Environmental Technologies, Inc. (the"Company"), which represent the Company's expectations or beliefs including,but not limited to, statements concerning the Company's operations,performance, financial condition, business strategies, and other informationand that involve substantial risks and uncertainties. The Company's actualresults of operations, most of which are beyond the Company's control, coulddiffer materially. For this purpose, any statements or revenue projectionscontained in this presentation that are not statements of historical fact may bedeemed to be forward-looking statements.

Risk Factors that could cause or contribute to such difference include, but arenot limited to, limited operating history; uncertain nature of environmentalregulation and operations; uncertain pace and form of development of nutrient(N&P) reduction market; risks of development of first of their kind IntegratedProjects; need for substantial additional financing; competition; dependence onmanagement; and other factors. Additional information regarding theCompany’s 3G technology platform should be reviewed in the CompanyOverview, available upon request and at www.biontech.com. Investors areurged to also consider closely the disclosures and risk factors in theCompany’s current Form 10-K, filed with the Securities and ExchangeCommission, available at www.sec.gov.

Beyond Meat – IPO in May

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˃ Consumer demand for sustainability

˃ Disruption in the food supply chain

What Is It?

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Livestock Industry

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U.S. Livestock Industry:$200B farmgateGlobal Industry:$1.4T farmgate

Environmental Impacts

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U.S. livestock industry’s environmental impacts:

Unsustainable

Half of U.S. crops are fertilized with raw manureEnvironmental/public health impacts:˃ Toxic algae blooms/ dead zones˃ Contaminated groundwater˃ Greenhouse gas emissions˃ PM2.5 (particulate air pollution)˃ Odors˃ Pathogens: foodborne illnesses˃ Antibiotic resistance Lake Erie algae bloom 2017

It’s a Global Problem

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Global Livestock19.60 billion poultry

1.10 billion beef cattle980 million swine

264 million dairy cows

U.S. Livestock2.20 billion poultry90 million beef cattle60 million swine 9 million dairy cows

Dead Zones Worldwide

1950: 502015: 500+

˃ Mitigate environmental impacts– Absent voluntary solution, regulation is inevitable.

˃ Maintain/ rebuild consumer trust– The livestock industry has lost the confidence of its investors and

regulatory agencies, and business from its consumers.

˃ How to pay for cleanup?– The cost to remediate the environmental impacts – now

‘socialized’ offsite and downstream – is economically unsustainable in this low margin industry, especially global export.

– New recurring revenues, premium pricing for branded products and/or subsidies will be required to fund transition to clean production.

– Bion’s patented 3G platform delivers all three.

U.S. Livestock Industry Challenges

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Bion’s 3G Treatment Platform

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Anaerobic Digester

(AD)

Ammonium Bicarbonate Production

USDA PVP Certified

Sustainable BrandSolids

Separation

Nutrient Credits

Renewable Natural Gas

RFS creditsLCFS credits

Organic* solids

Markets− Blended/bagged

products− Fertilizer for organic

livestock feed− Feed additive− Biochar

Organic* nitrogen fertilizer− Crystalline− Water soluble− Quick-release− High-value

Markets− Row crops− Feed crops − Greenhouse− Hydroponic− Lawn & garden

Premium pricing:sustainable-brand for meat, dairy, eggsVerified reductions:− Nutrient/sediment

runoff − Greenhouse gases− Pathogens− Water use

USDA Process-Verified-Program is the gold-standard

Verified credits for reductions in:− Nutrients− Sediment− Pathogens

Serve as qualified offsets to EPA mandates

Process verification generates

Products/ Revenues produced

Clean Water *Organic application pending

˃ Competitive procurement for verified nutrient reductions– Establish a market for nutrient credits

˃ Informational hearing conducted in August 2018. No opposition presented. Publicly endorsed by the Chesapeake Bay Comm. and Governor.

˃ SB 575 introduced in Senate Enviro Committee May 31– Senate leadership Cosponsors– Unanimous Committee approval– Passed on Senate floor 33-17 (end of June – recess)

˃ Now in House State Gov’t Committee. Garth Everett, Chairman, former Chmn Ches Bay Comm.

˃ Confident of passage in the current 2019-20 Session.

Nutrient CreditsKey Pennsylvania Legislation

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Bipartisan Solution

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˃ Senate Bill 575˃ Prime Sponsor

– Gene Yaw (R) Chairman, Environmental Resources and Energy Comm

˃ Co-sponsors– Joe Scarnati (R) President Pro-temp, PA Senate– Jake Corman (R) Senate Majority Leader– Jay Costa (D) Senate Minority Leader– John Yudichak (D) Minority Chair, Enviro Resources and Energy

Comm˃ Bipartisan legislative study demonstrated competitive

procurement – livestock waste treatment – would save PA taxpayers 90 percent of Bay compliance costs.

˃ Largest livestock producer in PA− Agreement in place− 9M layers, 1,600-head dairy (4 locations)

˃ 450 tons per day (tpd) of waste− 565K gallons per day (gpd)− 29,462 lbs per day of nitrogen− 7,128 lbs per day of phosphorus

Kreider Farms Overview

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Kreider Revenue Model

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Kreider Farms revenue analysis at full build-out and is dependent on organic certification of coproducts and other listed assumptions. Anticipated results may differ materially from actual results. See forward-looking statements.

Kreider Farms Project Model5% brand prem Branding $10.0M

$4/lb N Co-products 33.4M

$3 gas/$1.85 D3 RIN RE/Credits 10.2M

$8/N credit Nutrient Credits 16.5M

9M layers Total revenue $70.1M

1,600 dairy cows OpEx NDA-only

EBITDA NDA-only

CAPEX for conversion $70.0M

Debt service (75% debt @ 6% bldg-7% equip) $4.9M

Net (less taxes, dep) NDA-only

˃ US EPA Letter of Expectation to PA on Chesapeake Bay Strategy (Apr 2017)US EPA encourages PA to use “Public, Private Partnerships (P3) … to support affordable, performance-based, watershed-driven planning, delivery, and operation and maintenance (O&M) through the use of competitive markets and private sector capacity.”

˃ Joint US EPA – USDA announcement on nutrient control strategies (Dec 2018)“The EPA and the USDA are committed to working with states, tribes and stakeholders to identify watersheds and basins where market-based approaches can supplement traditional regulatory programs to promote meaningful reductions in excess nutrients and improved water quality.”

˃ Bipartisan legislation secures federal funding to combat algae blooms (Jan 2019)The new law reauthorizes the Harmful Algal Bloom and Hypoxia Research and Control Amendments Act of 2013. In it, the federal government is now authorized to make funding available for harmful algae blooms deemed “of national significance.”

˃ 2018 Farm BillProjects that use innovative approaches to leveraging the Federal investment in conservation with private financial mechanisms…the provision of performance-based payments…support for an environmental markets…

Signals From the Feds

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US EPA Announcement: Feb 6, 2019

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EPA Announces New Water Quality Trading Policy MemorandumEPA efforts seek to modernize the agency’s water quality trading policies to leverage emerging technologies and facilitate broader adoption of market-based programs02/06/2019 News Releases

Purposes of this Memorandum− To reiterate the EPA’s strong support for water quality trading and other market-

based programs to maximize pollutant reduction efforts and improve water quality.− To accelerate the adoption of market-based programs that will incentivize

implementation of technologies and land use practices that reduce nonpoint pollution in our Nation’s waters.

− To provide additional guidance to states, tribes, and stakeholders regarding the use of market-based programs to reduce water pollution at lower overall cost.

− To promote increased investment in conservation actions.

Federal Energy Tax Credit

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Media Contact:Maureen Walsh

202.681.6092maureen@dc-groupllc.com

FOR IMMEDIATE RELEASENovember 19, 2019

American Biogas Council Praises House Introduction of the GREEN Act

November 19, 2019 - WASHINGTON - The Ways and Means Committee in the House of Representatives has released a discussion draft of the Growing Renewable Energy and Efficiency Now (GREEN) Act including several provisions that support the biogas industry. The Committee describes the bill as “a comprehensive approach to tackling climate change by using the tax code to extend and expand renewable energy use and reduce greenhouse gas emissions.”

[Will apply the 30% Federal Energy Tax Credit to biogas/ nutrient control tech]

˃ Nutrient crisis– EPA: greatest water quality problem in the U.S. today– Toxic algae blooms, dead zones, groundwater contamination– Climate change will make it worse

˃ Air pollution: ammonia/ PM2.5, greenhouse gases

˃ Current clean water strategy can’t work˃ Contribution to climate change˃ Livestock industry accepts its role

˃ State policies changing – credit trading/ procurement˃ Feds implementing policy/ mobilizing resources

˃ Consumer exodus (dairy alternatives, now meat alternatives)˃ Livestock industry now supports Bion’s clean water strategy˃ 3G Tech platform now complete (patent issued Oct 2018)

Building Momentum

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˃ Additional 3G tech patent filings˃ Policy issues resolved

– Expect PA legislation adopted in first half 2020– Expect Federal cost share of competitive procurement soon– Expect Federal ITC (30% as in solar and wind)

˃ Initial application for organic certification Q1 2020˃ Construct small commercial system to produce

ammonium bicarbonate for growth trials Q1/Q2 2020˃ Begin permitting/ construction of first phase of Kreider

Farms project in Q2/3 2020˃ Midwest corn-fed organic beef (depends on organic cert)˃ Dairy, pork?

Milestones Anticipated

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VERY Large and Untapped Market

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Global Livestock19.60 billion poultry

1.10 billion beef cattle980 million swine

264 million dairy cows

U.S. Livestock2.20 billion poultry90 million beef cattle60 million swine 9 million dairy cows

This is not ‘going to happen’.

It is happening NOW.

Thank You

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OTC QB: BNET