Solarvest announces bio-hydrogen proof of concept

February 12, 2014, Montague, P.E.I. – Solarvest Bioenergy
Inc. announced third party confirmation of its bio-hydrogen expression system
following the successful completion of a previously announced six month NSERC
Engage project with Dr. Hallenbeck at the Université de Montreal, a world
leader in bio-hydrogen production and proteomics.

The study indicated that the Solarvest modified strain of
microalgae produced six times more hydrogen per cell as compared to the
industry standard wild-type strain. In addition, the Solarvest strain
demonstrated continuous hydrogen production; producing hydrogen ten times
longer when compared to the industry standard wild-type microalgae even though
the laboratory growth conditions were less than optimal.

These very promising results have encouraged Solarvest and
Université de Montreal to pursue another collaborative agreement to develop the
mechanisms that will further improve production moving the program toward
industrial production.