Blue Horizon Energy Inc.

November 01, 2011 08:00 ET

Blue Horizon Announces Completion of Preliminary Program Results On Its Kodi B.C. Mining Property

CALGARY, ALBERTA--(Marketwire - Nov. 1, 2011) - Blue Horizon Industries Inc. ("Blue Horizon" or the "Corporation") (CNSX:BH) announced today that its 74% owned subsidiary, Blue Horizon Mining Inc. ("BH Mining") has completed a preliminary exploration program comprised of a helicopter-borne geophysical survey along with a soil survey on its Kodi Property. The 505.49 ha (1,249 acre) Kodi Property is located North of the town of Salmo, British Columbia, east of Erie Creek and immediately adjacent to the Second Relief Mine, which was in production until 1941 and was "the third largest gold-enriched skarn producer in the province" (BC MINFILE Number082FSW 187).

Geotech Ltd. completed a 112 line-kilometres airborne geophysical survey over the KODI Property using their Versatile Time-Domain Electromagnetic ("VTEM") geophysical system. The VTEM system is excellent for locating discrete conductive anomalies as well as mapping lateral and vertical variations in resistivity; it also has a high-sensitivity cesium magnetometer for mapping geologic features. Preliminary data from the survey has been delivered to Rick Walker, Dynamic Exploration Ltd, Chief Geologist for the project. BH Mining is awaiting the results and interpretation of the survey.

In addition, Wildhorse Silviculture Ltd. completed a soil sampling program on the Kodi Property, comprised of a total of approximately 13.5 line km, recovering 354 soil samples taken at 50 meter intervals over the property. Samples were shipped to Loring Laboratories in Calgary AB, for multi-element Inductively Coupled Plasma ("ICP") analysis. BH Mining is awaiting Loring's analytical results.

Mr. Carlos Vasquez, Senior Vice President Operations for BH Mining, states "We are anxious to receive and evaluate the results of these surveys as they are expected to give us a strong indication of where the best potential is for areas of significant mineralization. Having the data from the two programs will assist us in the planning of a subsequent exploration program that will focus our exploration efforts next season to further evaluate the mineral potential of our Kodi Property."

Rick Walker, P.Geo, is BH Mining's qualified person for the KODI mineral exploration program, who has reviewed and approved the content of this press release for compliance with NI 43-101 reporting requirements.

About Blue Horizon Industries Inc.

Blue Horizon Industries Inc. is a diversified industrial company with a four-fold strategic focus. The Corporation operates through three subsidiary companies; Blue Horizon Bio-Diesel Inc. – 100% owned ("BH Bio-Diesel"), Blue Horizon Energy Inc. – 100% owned ("Blue Horizon Energy") and Blue Horizon Mining Inc. - 74% owned ("BH Mining"). Blue Horizon Contracting ("BH Contracting") and BH Energy are wholly-owned divisions of Blue Horizon Energy. BH Contracting is currently completing a USD $20.4 million dismantling contract of two industrial plants at Kitimat B.C. while BH Energy is exploring for oil and gas in Western Canada having participated in 4 test wells in 2011. BH Mining is advancing two mining projects in British Columbia and BH Bio-Diesel has an Exclusive sub-license agreement to build green bio-diesel plants in Canada.

The shares of the parent company, Blue Horizon Industries Inc., are listed to trade on the Canadian National Stock Exchange ("CNSX") under the symbol "BH".

Further information with respect to the Blue Horizon Group of Companies can be obtained by visiting:

This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Neither the Canadian National Stock Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian National Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

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