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 an investor purchased from the Company 300,000 common shares at a price of
$0.30 per share for gross proceeds of $90,000. 


This placement was 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). 


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 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]