SOLARVEST BIOENERGY INC. (TSX VENTURE:SVS) ("Solarvest") wishes to announce it
has arranged a non-brokered private placement of up to 1,506,665 Units priced at
$0.30 for total gross proceeds of up to $452,000. Each Unit will consist of one
common share and one half warrant. Each whole warrant will be exercisable for
one common share at $0.40 for a period of 18 months following closing and
include an acceleration clause that is triggered by a share price of $0.60 per
share. Proceeds from this private placement will be used as general working
capital. 


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. A finders' fees may be paid with respect
to certain subscribers.


A portion of this placement may be subscribed by a director and officer who is
also a Control Person of Solarvest. The placement is exempt from shareholder
approval accordance with MI 61-101 (Protection of Minority Security Holders in
Special Transactions).


About Solarvest BioEnergy Inc.

Solarvest is an algae technology company whose algal-based production platform
provides it with an extremely flexible system capable of being adapted to
produce clean energy in the form of hydrogen and health products such as Organic
Omega oils in an economic and environmentally sensitive manner. 


The TSX Venture Exchange has neither approved nor disapproved the contents of
this news release.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


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 Solarvest'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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