SOURCE: Blue Diamond Ventures, Inc.

April 18, 2006 08:30 ET

Blue Diamond Ventures, Inc. Building Ethanol and Bio Diesel Facilities in Belize and the United States

HOUSTON, TX -- (MARKET WIRE) -- April 18, 2006 -- Blue Diamond Ventures Inc. (OTC: BLDV) announced today it plans to build ethanol and bio diesel facilities in Oklahoma and Belize. The company has been in discussion with large refining and supply companies offering to purchase its energy futures.

"As nature's partner, we are committed to addressing the world's energy shortages by utilizing alternative fuels made from renewable resources," said Blue Diamond Chairman and CEO John Quincey Moaning, noting the company plans to develop processing technologies and methods to increase yields from feed stocks.

Blue Diamond plans to initially construct a 3.5 million gallon per year (MGY) ethanol facility and a 5 million gallon per year (MGY) bio-diesel facility in Belize. The company anticipates using sugar cane and molasses as the main feed stock for the ethanol. The bio-diesel will be manufactured from vegetable oils such as soy beans, canola and palm and from animal fats processed at Blue Diamond's facilities.

Ethanol works very well not only as an additive to gasoline, but also a gasoline replacement, Moaning said. Currently, gasoline is mixed with a product called Methyl Tertiary Ethyl Butyl (MTBE) on a 90% gasoline and 10% MTBE mixture. The MTBE is an oxygenate for gasoline, and acts in a manner in which octane is boosted in gasoline to prevent engine knocking and provide gasoline efficiency.

Moaning envisions expanding the facility to 50 million (MGY), as Belizean farmers grow more sugar cane in anticipation of selling it to the ethanol facility.

About Blue Diamond Venutres, Inc.:

Blue Diamond Ventures, Inc. is an agriculture, bio fuels and commercial development company with operations in Belize and the U.S. The company recently announced plans to break ground this year on a million dollar goat processing facility in Belize and aggressively market the world's most eaten meat throughout the U.S., Central America and the Caribbean. Blue Diamond will utilize 3,000 acres in Belize and 1,200 acres in Oklahoma for a goat ranch, research center and processing facility. Local farmers in Belize and Oklahoma, under a cooperative agreement with Blue Diamond Ventures, will raise the goats and process them at the company's facilities. Blue Diamond's business plan includes ethanol production, tilapia and shrimp aqua farming and raising thousands of acres of soybeans. The company is currently completing an audit to get listed on the NASDAQ Bulletin Board.


"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Blue Diamond Ventures, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Blue Diamond Ventures, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Blue Diamond Ventures, Inc.

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