Black Diamond Income Fund: Launch of Strategic Horn River Basin Partnership

CALGARY, ALBERTA – Sept. 22, 2009 – Black Diamond Income Fund (TSX:BDI.UN) and Fort Nelson First Nation (FNFN) to celebrate signing of limited partnership agreement and formation of Black Diamond Dene.TO: Business/Energy and Aboriginal News Editors, Reporters & Assignment Desks

WHAT: Ceremonial signing of an agreement that addresses resource development as well as other commercial and industrial activity in the Horn River Basin. North-eastern BC’s Horn River Basin, believed to be North America’s largest natural gas play, is located within FNFN’s traditional and reserve lands

WHO: Expected attendees include:
Chief, Councilors and Elders of the Fort Nelson First Nation
Trevor Haynes, President & CEO of Black Diamond, company personnel
Representatives of the Horn River Producers Group, BC Oil & Gas
Commission and Fort Nelson Chamber of Commerce.

PHOTOS: Still images taken by a professional photographer will be available on a ftp site shortly after the event. Call Gail Lilge @ 403-816-8315 now to arrange site access.

WHERE: Fort Nelson First Nation Band Office, Mile 293-295, Alaska Highway
To arrange a seat on the plane flying from and to Calgary that day, Contact Gail Lilge at 403-816-8315. Limited seats. Departs 1 PM. Returns 6:30 PM

WHEN: September 28, 2009, 4:00 to 5:00 PM

WHY: Chief Kathi Dickie explains: “We see this agreement as a modern interpretation of Treaty 8 in which the FNFN people continue to make a living off the land in the spirit of sharing. The partnership is a way to actively participate in the future of our lands”.

The new business venture will build upon (1) Black Diamond’s expertise in providing remote workforce accommodation solutions, oilfield equipment & services and modular offices; (2) and the First Nation’s location in Fort Nelson as well as their local knowledge of the Horn River Basin.

For more information, please contact
Black Diamond Income Fund
Trevor Haynes
President & CEO
(403) 206-4737
thaynes[at]blackdiamondlp.com

or

Black Diamond Income Fund
Michael Burnyeat
VP Finance & CFO
(403) 206-4740
Mburnyeat[at]blackdiamondlp.com

or

Fort Nelson First Nation
Kathi Dickie
Chief
(250) 774-7257
kathi.dickie[at]fnnnation.ca

or

Fort Nelson First Nation
Harvey Behn
Councilor
(250) 500-2420
harvey.behn[at]fnnnation.ca