Solarvest BioEnergy Inc.

Solarvest BioEnergy Inc.

July 22, 2009 19:38 ET

Solarvest BioEnergy Inc. Announces Change of Auditors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 22, 2009) - SOLARVEST BIOENERGY INC. (TSX VENTURE:SVS) ("Solarvest" or the "Company"), wishes to announce that pursuant to National Instrument 51-102, the Company advises that effective July 10, 2009 (the "Effective Date"), Davidson & Company LLP, Chartered Accountants, of 1200 - 609 Granville Street, PO Box 10372, Pacific Centre, Vancouver, BC, Canada, V7Y 1G6 (the "Former Auditors") have, at the Company's request, resigned as auditors of the Company and that Nelson Hagerman, Chartered Accountant, of PO Box 244 Charlottetown, PE, Canada, C1A 7K4 (the "Successor Auditors") have been appointed as the Company's auditors in their place.

There have been no reportable events between the Company and the Former Auditors. There have been no reservations in the Former Auditors' reports in connection with the audits of the two most recently completed fiscal years, and any period subsequent to the most recently completed period for which an auditors' report was issued and preceding the Effective Date.

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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