Bellair Ventures Inc. Announces the Collaboration of Clean Energy Developments Corp. and Ryerson University to Develop Cleant...

Bellair Ventures Inc. (TSX VENTURE:BVI) (the "Corporation") announces that Clean
Energy Developments Corp. ("CleanEnergy"), a wholly-owned subsidiary of the
Corporation, has entered into a joint development agreement with Ryerson
University ("Ryerson") and its Mechanical and Industrial Engineering Department
in a 50/50 joint venture to develop a clean technology software tool for the
optimization of hybrid geoexchange systems.


With funding from the Federal Economic Development Agency under the Applied
Research and Commercialization Initiative (the "Initiative") and capital
provided by CleanEnergy, the Initiative aims to encourage collaboration between
post-secondary institutions and enterprises with pre-commercialization needs
within Southern Ontario. The partnership between CleanEnergy and Ryerson will
combine CleanEnergy's knowledge and expertise in geoexchange design and
technology with Ryerson's research capabilities in an effort to develop an
innovative software program to determine optimal geoexchange capacity in hybrid
systems. It is anticipated that this software program will assist in the
reduction of design and overhead costs and shorten the incremental investment
payback period to the end user.


Hybrid geoexchange systems are at the forefront of the renewable energy sector.
They are increasingly becoming popular in both commercial and residential
buildings as they offer attractive returns on incremental investment and they
produce a clean alternative energy that reduces the end user's carbon footprint.
However, as a relatively new technology, the renewable energy sector currently
lacks an efficient tool to determine optimal geoexchange capacity for hybrid
systems. It is the objective of this partnership to create a solution to this
need.


"This partnership is a valuable way for CleanEnergy to work with students in
expanding the knowledge of renewable energies and pioneering clean
technologies," stated Emlyn David, Chief Executive Officer of the Corporation.
"This initiative will aim to produce a valuable software tool and could create a
new revenue stream from future sales." The Corporation is of the opinion that
the aims of this project are consistent with the business and objectives of
CleanEnergy and the Corporation. 


The foregoing information contains forward-looking statements relating to the
future performance of the Corporation and its subsidiary, CleanEnergy.
Forward-looking statements, specifically those concerning future performance,
expectations with respect to the initiative between Ryerson and CleanEnergy and
other statements that are not historical fact, are subject to certain risks and
uncertainties, and actual results may differ materially from the Corporation's
plans and expectations. The Corporation does not assume any obligation to update
or revise its forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law.