Black Diamond Expands Australian Fleet With Asset Purchase

Black Diamond Expands Australian Fleet With Asset Purchase 
CALGARY, ALBERTA -- (Marketwire) -- 03/05/13 -- Black Diamond Group
Limited (TSX:BDI) ("Black Diamond" or the "Company") is pleased to
announce an indirect, wholly-owned subsidiary of Black Diamond has
completed the acquisition of modular rental building assets (the
"Nomad Assets") of Nomad Building Solutions Limited (the
"Acquisition"). The Nomad Assets are comprised of 116 modular
accommodation and accommodation-related units that are currently
under a long-term contract with a major mining company in Western
Australia. The Acquisition represents 428 workforce accommodation
beds, bringing the total bed count in Black Diamond's Australian
fleet to 1582. 
This acquisition is in addition to the previously announced purchase
of Nomad assets which closed on January 18, 2013. 
Acquisition Terms 
Black Diamond paid AUD$3.75 million for the Nomad Assets (CAD$3.92
million). The Nomad Assets are unencumbered and no debt was assumed
by Black Diamond at closing. Black Diamond anticipates generation of
margins consistent with those generated from rental assets in North
America. 
The Acquisition closed on February 28, 2013, with an effective date
of purchase of January 1, 2013, from which date the Black Diamond
financial statements will consolidate the financial results of the
Nomad Assets. 
Black Diamond financed the Acquisition with a combination of cash and
debt available under its existing credit facilities.  
About Black Diamond 
Founded in 2003, Black Diamond Group Limited is one of the fastest
growing remote lodging, modular building and energy services
companies worldwide. With its corporate head office located in
Calgary, Alberta, 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 Holdings Inc., Black Diamond Australia
Holdings Pty. Ltd. 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 business units in seventeen
strategic locations across Canada, the USA and Australia.  
Black Diamond Structures rents and sells remote workforce housing and
modular workspace solutions and provides associated services; Black
Diamond Logistics provides turnkey lodging services, remote facility
management and supply chain solutions; Black Diamond Energy Services
rents and sells a complement of oilfield equipment and services and
Black Diamond International rents and sells remote workforce housing
and modular workspace solutions and provides associated services. 
Reader Advisory  
Forward-Looking Statements 
In the interest of providing Black Diamond's shareholders and
potential investors with information regarding Black Diamond,
including management's assessment of the future plans and operations
of Black Diamond, certain statements contained in this news release
constitute forward-looking statements or information (collectively
"forward-looking statements") within the meaning of applicable
securities legislation. Forward-looking statements are typically
identified by words such as "anticipate", "continue", "estimate",
"expect", "forecast", "may", "will", "project", "could", "plan",
"intend", "should", "believe", "outlook", "potential", "target" and
similar words suggesting future events or future performance. In
particular, this news release contains, without limitation,
forward-looking statements pertaining to the following: expectations
of Black Diamond regarding the proposed Acquisition, including the
timing of completion of the Acquisition, operating and financial
metrics of the Acquisition, potential synergies resulting from the
Acquisition, and the effect of the Acquisition on Black Diamond's
operations and financial results. 
With respect to forward-looking statements contained in this news
release, Black Diamond has made assumptions regarding, among other
things: that the Acquisition will close when planned and on the terms
and conditions set forth herein; and the ability of Black Diamond to
execute and realize on the anticipated benefits of the Acquisition.
Although Black Diamond believes that the expectations reflected in
the forward-looking statements contained in this news release, and
the assumptions on which such forward-looking statements are made,
are reasonable, there can be no assurance that such expectations will
prove to be correct. Readers are cautioned not to place undue
reliance on forward-looking statements included in this news release,
as there can be no assurance that the plans, intentions or
expectations upon which the forward-looking statements are based will
occur. By their nature, forward-looking statements involve numerous
assumptions, known and unknown risks and uncertainties that
contribute to the possibility that the predictions, forecasts,
projections and other forward-looking statements will not occur,
which may cause Black Diamond's actual performance and financial
results in future periods to differ materially from any estimates or
projections of future performance or results expressed or implied by
such forward-looking statements. These risks and uncertainties
include, among other things, the following: that the Acquisition may
not close when planned or at all or on the terms and conditions set
forth herein; incorrect assessment of the value of the Acquisition;
failure to realize the anticipated benefits and synergies of the
Acquisition; 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; and the other factors described under "Risk
Factors" in Black Diamond's most recently filed annual information
form and other reports on file with Canadian securities regulatory
authorities which may be accessed through the SEDAR website
(www.sedar.com) and at Black Diamond's website
(www.blackdiamondlimited.com). Readers are cautioned that this list
of risk factors should not be construed as exhaustive. 
The forward-looking statements contained in this news release speak
only as of the date of this news release. Except as expressly
required by applicable securities laws, Black Diamond does not
undertake any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. The forward-looking statements contained
in this news release are expressly qualified by this cautionary
statement.  
Non-GAAP Measure 
In this news release, the following term has been referenced: EBITDA
(earnings before interest, taxation, depreciation and amortization).
Readers are cautioned that this measure is not defined under
Generally Accepted accounting Principles ("GAAP"). Readers are
cautioned that this non-GAAP measure is not an alternative to
measures under GAAP and should not, on its own, be construed as an
indicator of APB's performance or cash flows, a measure of liquidity
or as a measure of actual return on the Acquisition. 
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