SVS Solarvest BioEnergy Inc

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 Solarvest up to 1,000,000 common shares
priced at $0.24 per share for gross proceeds of $240,000. Proceeds from this
private placement will be used as general working capital.


A director and officer who is also a Control Person of the Company will
participate in this private placement, which 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 BioEnergy:

Solarvest BioEnergy Inc. is a world leading algae technology company that
commercializes proprietary and advanced products for substantial markets. The
Company's algal based production platform provided it with an extremely flexible
system capable of being adapted to produce both human and animal health products
in an economic and environmentally sensitive manner.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Solarvest BioEnergy Inc.
Gerri Greenham
Chief Executive Officer
416 420 0947
ggreenham@solarvest.ca
www.solarvest.ca

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