Solarvest BioEnergy Grants Options

CHARLOTTETOWN, PRINCE EDWARD ISLAND--(Marketwire - Jan. 28, 2011) - SOLARVEST BIOENERGY INC. (TSX VENTURE:SVS) ("Solarvest" or the "Company"), is pleased to announce that, in accordance with the Company's Stock Option Plan, it has granted to certain directors, officers, employees and consultants, incentive stock options to purchase up to an aggregate of 600,000 common shares exercisable at a price of $0.25 per share for a period of five years from the grant date. This includes a grant of 70,000 options to an officer and director who is also a Control Person of the Company and is exempt from shareholder approval accordance with section 5.7(1)(a) of MI 61-101.

About Solarvest: Solarvest is committed to the development of sustainable and renewable energy sources to meet growing energy demands and environmental challenges. Solarvest's intellectual property is a biologically-based hydrogen producing technology, which provides a method for controlling key genes in algae resulting in the continuous production of hydrogen gas. Solarvest's bio-energy production system utilizes light and carbon dioxide to produce hydrogen leaving a clean positive environmental footprint.

The statements made in this news 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.