The Board of Directors of Cardinal Ethanol, LLC, an Indiana Limited Liability Company, proudly announces that Cardinal Ethanol’s notice of effectiveness dated June 12, 2006 from the Securities and Exchange Commission to offer 9,000 to 16,400 shares of limited liability company membership units at $5,000 per unit with a minimum purchase requirement of 4 units ($20,000). Cardinal Ethanol has received Blue Sky clearances in the following states:

Florida, Georgia, Illinois, Indiana,

Kentucky & Ohio

Investors who live in the above states who meet our investor suitability standards will be eligible to invest in our offering. If you are a resident of a state other than those listed above, you may still be able to invest in our offering if you meet our investor suitability standards and if we are eligible to offer or sell our securities in your state in reliance upon exemptions from registration. We will determine such eligibility on a case-by-case basis. Please note that until such time as we receive clearance from a state, we can not accept funds from a resident of that state.

Before you invest in Cardinal Ethanol, you should read the final prospectus in that registration statement and other documents Cardinal Ethanol has filed with the SEC for more complete information about Cardinal Ethanol and this offering. You can access Cardinal Ethanol’s final prospectus by:

Clicking the link “Prospectus” on the left;
Visiting the SEC’s website at www.sec.gov.
Calling us at (765) 584-2209, or toll free at (877) 584-2209;
Emailing us at cardethanol@verizon.net; or
Visiting our web site at www.cardinalethanol.com.

If you choose to invest, mail your executed subscription agreement and your personal or business check for the first installment of 10% of your investment amount to Cardinal Ethanol, LLC at 2 OMCO Square, Suite201, Winchester, Indiana 47394. All subscriptions are subject to review and acceptance by Cardinal Ethanol and we can give no assurance or guarantee that we will accept any or all of your subscription. Please print legibly as your failure to do so may delay your opportunity to invest.