Blue Diamond Ventures Inc (BLDV)

[homey_g]

Here is the email that I asked Mr. Waight to verify...and he did. Looks like 201 acres.

--- On Tue, 7/15/08, Joseph Waight <josephwaight@xxxxxxx> wrote:

From: Joseph Waight <josephwaight@xxxxxxxx>
Subject: Re:
[To:] [e-mail], [e-mail], [e-mail], [e-mail], "john xxxxxxxx" <[e-mail]>
Cc: [e-mail]
Date: Tuesday, July 15, 2008, 7:58 PM

Dear Mr. XXXXXXXXX

Blue Diamond Ventures Belize Ltd. entered into an Agreement for Sale with the Government of Belize in June 2007 to purchase the property in Belize known as the "Old Lynam College" containing some 180 acrs of land and some 18 small buildings in an advanced state of disrepair, for the purposes of establishing a pilot biodiesel production facility, goat production and training.

The Agreement was later amended in January 2008 to increase the acreage to 201 acers.

The Agreement has not yet been consummated as there has been a delay (on the part of the Government ) in the completion of the land surveys necessary to tranfer title for the property.

It is expected that the survey work will be completed shortly and that the Sale transaction will then be completed.

Blue Diamond Ventures Belize Ltd. is in good standing with the Government of Belize but is not in any partnership or joint venture with the Government of Belize.


Yours faithfully

Joseph Waight
Financial Secretary
Government of Belize