SVS Solarvest BioEnergy Inc

This corrects and replaces the release issued earlier today June 8, 2011 by
Marketwire on behalf of Solarvest BioEnergy Inc. The headline in the release was
incorrect, Solarvest BioEnergy is announcing not closing a non-brokered private
placement.


SOLARVEST BIOENERGY INC (TSX VENTURE:SVS) ("Solarvest" or the "Company"), wishes
to announce it has arranged a non-brokered private placement, pursuant to which
the investors will purchase from the Company up to 300,000 common shares priced
at $0.25 per share for gross proceeds of $75,000. Proceeds from this private
placement will be used as general working capital.


This placement will be entirely subscribed by a director and officer who is also
a Control Person of the Company and the placement is exempt from shareholder
approval accordance with MI 61-101 (Protection of Minority Security Holders in
Special Transactions).


The shares will be subject to resale restrictions for a period of four months
from the closing date under applicable securities legislation. Completion of the
private placement will be subject to a number of conditions including the
approval of the TSX Venture Exchange. 


About Solarvest: Solarvest is committed to the development of sustainable and
renewable energy sources to meet growing energy demands and environmental
challenges. Solarvest's intellectual property is a biologically-based hydrogen
producing technology, which provides a method for controlling key genes in algae
resulting in the continuous production of hydrogen gas. Solarvest's bio-energy
production system utilizes light and carbon dioxide to produce hydrogen leaving
a clean positive environmental footprint.


The statements made in this news release may contain forward-looking statements
that may involve a number of risks and uncertainties. Actual events or results
could differ materially from the Company's expectations and projections.

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