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

• Press Release
• Source: Black Diamond Income Fund
• On 6:03 pm EDT, Tuesday September 22, 2009

CALGARY, ALBERTA--(Marketwire - Sept. 22, 2009) - Black Diamond Income Fund (TSX:BDI.UN - News) 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.

Trevor Haynes
Black Diamond Income Fund
President & CEO
(403) 206-4737
thaynes@blackdiamondlp.com

Michael Burnyeat
Black Diamond Income Fund
VP Finance & CFO
(403) 206-4740
mburnyeat@blackdiamondlp.com

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

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