Solarvest BioEnergy Inc. Announces 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 investor will purchase from Solarvest up to 300,000 common shares
priced at $0.30 per share for gross proceeds of $90,000. 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 BioEnergy Inc. 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 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 the Company's expectations and projections.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Solarvest BioEnergy Inc.
Gerri Greenham
Chief Executive Officer
416 420 0947
[e-mail]