BDC.P Blandings Capital Limited (Tier2)

Blandings Capital Limited. - (TSX VENTURE:BDC.P) ("Blandings"), a capital pool
company with its shares listed on the TSX Venture Exchange (the "Exchange"), is
pleased to announce that it has retained Research Capital Corporation, through
its Toronto office, as its Sponsor in connection with the application to list
the common shares of Blandings for trading on the TSX Venture Exchange which
result from its qualifying transaction which is the direct or indirect
acquisition of AMG Bioenergy Resources Group as previously announced in October
2008.


In addition, AMG Bioenergy Resources Group/APVC Holdings Pte Ltd. ("APVC") has
advised that they have entered into agreements and have received funding by way
of a USD1 MM Convertible Note Facility Agreement.


These two announcements will facilitate the agreement in principle to acquire
all of the issued and outstanding securities of APVC, a corporation incorporated
pursuant to the laws of the British Virgin Islands and carrying on business of
producing bio-fuel feedstock (that is non-edible in nature and does not affect
the global supply of edible oil and food resources) and biodiesel in the
People's Republic of China and other parts of Asia. It is intended that this
transaction shall be the "qualifying transaction" of Blandings in accordance
with Exchange Policy 2.4 - Capital Pool Companies. The resulting issuer post
vend-in and related financing shall meet the minimum listing requirements of the
Exchange as a Tier 2 Industrial Issuer Pursuant to Exchange Policy 2.1-Minimum
Listing Requirements.


Completion of the transaction is subject to a number of conditions, including
but not limited to, Exchange acceptance and if applicable pursuant to Exchange
Requirements, majority of the minority shareholder approval. Where applicable,
the transaction cannot close until the required shareholder approval is
obtained. There can be no assurance that the transaction will be completed as
proposed or at all.


Investors are cautioned that, except as disclosed in the management information
circular or filing statement to be prepared in connection with the transaction,
any information released or received with respect to the transaction may not be
accurate or complete and should not be relied upon. Trading in the securities of
a capital pool company should be considered highly speculative. This news
release contains forward -looking information including but not limited to
comments regarding the timing and content of upcoming business initiatives, etc.
Forward -looking information includes disclosure regarding possible future
events, conditions or results of operations that is based on assumptions about
future economic conditions and courses of action, and therefore, involves
inherent risks and uncertainties. Actual results may differ materially from
those currently anticipated.


Shares Outstanding 12,250,000

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