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Solarvest Bioenergy acquires algae production facility

| January 9, 2013

In Canada, Solarvest Bioenergy has recently completed negotiations to acquire a 30,000 sq. ft. facility in Summerville, Prince Edward Island. Solarvest has acquired the facility on a lease to own basis for $436,000 with an 8-year term.  Solarvest expects the planned renovation will be completed in the second quarter of 2013 with pilot production to begin mid to late 2013. The initial commercial nutraceutical products will be produced from algae strains that are generating high levels of Omega-3 DHA/EPA. The Company has successfully produced laboratory scale batches and is now in a position to scale up production from pilot batch to commercial production.

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