Solarvest BioEnergy Inc.

Solarvest BioEnergy Inc.

August 19, 2010 13:09 ET

Solarvest BioEnergy Establishes R&D Agreement With Dalhousie University

CHARLOTTETOWN, PRINCE EDWARD ISLAND--(Marketwire - Aug. 19, 2010) - SOLARVEST BIOENERGY INC. (TSX VENTURE:SVS) ("Solarvest" or the "Company"). Solarvest has commenced a cooperative Research and Development agreement with Dr. Suzanne Budge at the Canadian Institute of Fisheries Technology at Dalhousie University to assist Solarvest in the characterization of lipids and fatty acids in algae. Gerri Greenham, President and CEO of Solarvest, "Dr. Budge's team has expertise in the determination of fatty acid and lipid profiles which is very important for all areas of our Company's endeavours. From our short term nutritional oils expression program to our longer term hydrogen production from algae, this expertise fits in with our existing genetic improvement, fermentation and engineering technologies. This will further our ability to custom design and economically produce omega 3's and other nutritional oils to customer specifications."

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.

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.

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