SOURCE: Blue Diamond Ventures, Inc.

June 12, 2006 08:30 ET

Blue Diamond Ventures, Inc. CEO Shares Progress and Vision for Biofuel and Processing Divisions

HOUSTON, TX -- (MARKET WIRE) -- June 12, 2006 -- John Quincey Moaning, CEO of Blue Diamond Ventures, Inc. (PINKSHEETS: BLDV) issued a shareholder update on several of the company's business units.

"On behalf of Blue Diamond Ventures, Inc., I would like to personally thank our present and future shareholders for putting their faith and trust in us. I would like to take this opportunity to provide you with clarity with regard to who we are, what we do, where we are going, and how we plan on getting there."

"Blue Diamond Ventures, Inc. is an agriculture, biofuels (ethanol and biodiesel), and commercial development company. We have spent significant time, planning, and capital building a solid infrastructure. Additionally, in order to provide research, support, and technical assistance for our ventures we sought talented individuals and continue to partner with leading businesses and educational institutions."

"Hardly a day passes without one hearing about or feeling the effects of high gas pricing. Furthermore, there is much discussion regarding the consequences of using fossil fuels and rising concerns about clean air, mercury emission, and global warming, pushing to the mainstream alternative sources of energy such as ethanol and biodiesel. These renewable energy fuels are produced from agricultural products such as sugar cane and soybeans, which Blue Diamond will be producing."

"The foundation for Blue Diamond Ventures is land, but our growth will be driven primarily by two divisions within the company: the strategy, planning, and implementation of our biofuel (ethanol and biodisel) division and of the processing and marketing of goat meat and its value-added products, namely milk and cheese throughout the U.S., Mexico, Central America and the Caribbean. These business sectors were essentially chosen as both are high growth industries that provide immediate profitability and future expansion. Our vast research indicates that in an ever-growing global economy, these businesses are also sustainable and environmentally friendly."

"Goat meat is the world's most eaten meat, and has been growing in the U.S. at an annual rate of 30 percent since 1990. Australia and New Zealand are the major suppliers of goat meat sold commercially in the U.S., as the U.S. currently has a net deficit of goat milk, cheese, and other products. There are over 460 million goats worldwide producing more than 4.5 million tons of milk and 1.2 million tons of meat, mohair, cashmere, and leather."

"We have made significant progress toward creating alliances, building growth through acquisitions, and signing contractual agreements in both of our sectors, and we will continue to keep our shareholders updated. I sincerely thank you for sharing our vision, and we look forward to a productive and profitable partnership."

With warm regards,

John Quincey Moaning, CEO
Blue Diamond Ventures, Inc.
About Blue Diamond Ventures, Inc.:

Blue Diamond Ventures, Inc. (www.bluediamondventures.com) 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 for a goat ranch, research center and processing facility. Local farmers in Belize, 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 recently completed an audit to be listed on the NASDAQ Bulletin Board.

DISCLOSURES:

"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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