Solarvest BioEnergy Inc.
TSX VENTURE : SVS

Solarvest BioEnergy Inc.

June 01, 2009 20:25 ET

Solarvest Announces Resignation From Board of Directors and Reorganization

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 1, 2009) - SOLARVEST BIOENERGY INC. (TSX VENTURE:SVS) (the "Company") wishes to announce it has accepted the resignation of Philip Ranck as Director and Chief Operating Officer of the Company, effective May 6, 2009. Mr. Ranck remains as Chief Operating Officer of the Company's subsidiary Phyco Hydrogen Inc.

The current economic climate has resulted in a challenging environment for companies raising project financing and working capital. In response to this environment the Company has entered into discussions with senior management to reduce the expenses associated with the operation of the company's US subsidiary Phyco Hydrogen Inc., including changes in senior management, redirection of corporate resources, and relocation of subsidiary company operations. The Company continues to seek capital through various means including the issuance of equity and/or debt.

About Solarvest

Solarvest is a research and development company in the biotechnology sector. The Company is committed to the development of sustainable and renewable energy sources to meet growing energy demands and environmental challenges. Solarvest has acquired the rights to a biologically-based hydrogen producing technology, which provides a controlled method for turning on and off genes in algae resulting in the continuous production of hydrogen gas.

The statements made in this Press 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 Press Release.

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