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Black Diamond Group Limited Announces 2013 Capital

Black Diamond Group Limited Announces 2013 Capital Expenditure Budget 
CALGARY, ALBERTA -- (Marketwire) -- 11/06/12 -- Black Diamond Group
Limited ("Black Diamond" or "the Company) (TSX:BDI) is pleased to
announce that its Board of Directors has approved an initial 2013
capital expenditure budget of $90 million. This budget is based on
the Company's assessment of incremental demand for the rental
products it provides. The Company plans to expend the approved
capital on organic growth opportunities with investment in its four
business units consistent with historical weighting. The Company
anticipates it will generate sufficient cash from operations net of
taxes, debt service and dividends to fund the entire capex program.  
About Black Diamond 
Founded in 2003, Black Diamond Group Limited is one of North
America's fastest growing remote lodging, modular building and energy
services companies. With its corporate head office located in
Calgary, Black Diamond provides world-class services to a full
spectrum of industries including oil and gas, mining, power,
construction, engineering, military, government and education. 
Through its wholly-owned subsidiaries, Black Diamond Limited
Partnership, BOXX Modular Inc. and through its 50% equity
participation in the Black Diamond Dene Limited Partnership, Black
Diamond West Moberly Limited Partnership, and Black Diamond Nehiyawak
Limited Partnership, Black Diamond operates four complementary
divisions in thirteen strategic locations across Canada and the USA.  
Black Diamond Camps rents and sells remote workforce housing and
provides associated services; Black Diamond Logistics provides
turnkey lodging services, remote facility management and supply chain
solutions; BOXX Modular specializes in renting and selling a broad
range of modular work space solutions and Black Diamond Energy
Services rents and sells a complement of oilfield equipment and
services.  
Forward-Looking Statement Advisory 
Certain information in this news release contains forward-looking
statements including, without limitation, the actual amount of funds
that will be expended on the 2013 capital expenditure budget, the
anticipated use of proceeds of the 2013 capital expenditure budget
and the method of funding the 2013 capital expenditure budget. Thes
e
forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond Black Diamond's control
including, without limitation, the risk that Black Diamond will spend
a different amount of funds on the 2013 capital expenditure budget,
that Black Diamond will fund and/or expend the 2013 capital
expenditure budget in a different manner than that indicated, that
Black Diamond will not generate sufficient cash from operations, the
impact of general economic conditions, industry conditions,
fluctuation of commodity prices, fluctuation of exchange rates,
environmental risks, industry competition, availability of qualified
personnel and management, stock market volatility, timely and cost
effective access to sufficient capital from internal and external
sources. As a consequence, actual results may differ materially from
those anticipated in the forward-looking statements. Readers are
cautioned that the forgoing list of factors is not exhaustive.
Additional information on these and other factors that could affect
Black Diamond's operations and financial results are included in
reports on file with Canadian securities regulatory authorities and
may be accessed through the SEDAR website (www.sedar.com) and at
Black Diamond's website (www.blackdiamondlimited.com). Furthermore,
the forward-looking statements contained in this news release are
made as at the date of this news release and Black Diamond does not
undertake any obligation to update publicly or to revise any of the
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by applicable
securities laws.
Contacts:
Black Diamond Group Limited
Trevor Haynes
President and Chief Executive Officer
(403) 206-4737
(403) 264-9281 (FAX) 
Black Diamond Group Limited
Michael Burnyeat
Executive Vice President and Chief Financial Officer
(403) 206-4740
(403) 264-9281 (FAX)
www.blackdiamondlimited.com
 
 
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