EXHIBIT 99.1

                    BION ENVIRONMENTAL TECHNOLOGIES, INC.

                   Bion Announces Private Placement Closed


April 8, 2009.  New York, New York.  Bion Environmental Technologies, Inc.
(OTC BB: BNET) announced today that it recently closed an offering of its
Series C Convertible Preferred Shares.  The private placement, offered under
Regulation D of the Securities Act of 1933 (as amended), was underwritten by
Capital Financial Services, Inc., of Minot, North Dakota, and will result in
gross proceeds of $1,540,000 (net proceeds of approximately $1,339,800 after
commissions and offering expenses) to Bion when the process of collecting
funds has been completed.

Proceeds of the offering will be used for general working capital and for
investment in Phase 1 of Bion's Kreider Farms project, including a US EPA
Environmental Technology Verification Program that will verify Bion's
technology performance at the Kreider Farms installation.  Kreider Phase 1
will treat the dairy waste stream to generate nutrient trading credits that
can be sold to offset higher cost reductions required of municipal waste
water treatment plants in the Susquehanna River watershed under the
Chesapeake Bay Tributary Strategy.  The project will also produce significant
reductions of ammonia and greenhouse gases.  Phase 2 of the project, which
will process Kreider's poultry wastes to generate renewable energy, is
expected to provide substantially greater nutrient and carbon credits and
sufficient renewable energy for both on-farm use and/or sale.

Bion has received subscriptions for 15,400 Shares of Series C Preferred Stock
at $100 per Share ('Shares'). The Shares are scheduled to pay dividends at
the rate of 2.5% per quarter (10.0% per annum). The Shares are convertible
into shares of the Company's common stock at a conversion rate of $4.00 per
share of common stock at the election of the holders. Under certain
conditions, the Shares may be mandatorily converted to the Company's common
stock. For a complete description of the Series C Convertible Preferred
Shares, see Exhibit 3.3 of the Company's 10Q for the quarterly period ended
December 31, 2009.
                   __________________________________________

About Bion: Bion Environmental Technologies has provided environmental
treatment solutions to the agriculture and livestock industry since 1990.
Bion's patented next-generation technology provides a unique comprehensive
treatment of livestock waste that achieves substantial reductions in nitrogen
and phosphorus, ammonia, greenhouse and other gases, and pathogens. Bion's
process simultaneously recovers cellulosic biomass from the waste stream to
produce renewable energy. For more information, see Bion's website:
www.biontech.com.

This material includes forward-looking statements based on management's
current reasonable business expectations. In this document, the word
'potential', 'will', 'proposed' and similar expressions identify certain
forward-looking statements. These statements are made in reliance on the
Private Securities Litigation Reform Act, Section 27A of the Securities act
of 1933, as amended. There are numerous risks and uncertainties that could
result in actual results differing materially from expected outcomes.

Contact information:

Mark A. Smith                        Craig Scott
President                            Vice President-Capital Markets/IR
719-256-5329                         303-843-6191 direct
mas@biontech.com                     cscott@biontech.com