Solarvest BioEnergy Inc. Closes Non-Brokered Private Placement

SOLARVEST BIOENERGY INC (TSX VENTURE:SVS) ("Solarvest" or the "Company"), wishes
to announce it has closed a non-brokered private placement, pursuant to which
investors purchased from the Company 300,000 common shares at a price of $0.25
per share for gross proceeds of $75,000. 


One of the subscribers to this placement is 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). 


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 closing under applicable securities legislation. 


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.