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Solarvest BioEnergy Inc. Extends the Letter Of Intent Closing



Vancouver, BC / TheNewswire / March 8, 2019 - SOLARVEST BIOENERGY INC. (TSX-V: SVS) ("Solarvest" or the "Company"), has entered into the non-binding letter of intent with FSD Pharma Inc., which contemplates the parties entering into a Collaborative Research Agreement and ancillary documentation as described in the Company's news release dated February 5, 2019. The parties have agreed to extend the date for completion of definitive transaction documentation to Friday, April 5, 2019.

About Solarvest:

Solarvest BioEnergy Inc. is an algae technology company whose algal-based production platform provides it with an extremely flexible system capable of being adapted to produce numerous products - from Omega 3 fatty acids to human therapeutic proteins. The company has successfully demonstrated (news release dated March 16th. 2015) the expression of BMP, a high value therapeutic protein. In addition, the company's platform has successfully produced recombinant viral antigens (immune stimulating proteins,) Cecropins (antimicrobial pepetide/protein). The company has completed a feasibility study for the expression of CBD and THC.as a way to produce CBD and THC in sterile bioreactors.

For further information contact:

Gerri Greenham, Chief Executive Officer

Tel: 416 420 0947

Email: ggreenham@solarvest.ca

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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.