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Black Diamond Group Limited Announces March Dividend

CALGARY, ALBERTA--(Marketwire - March 18, 2011) - Black Diamond Group Limited (TSX:BDI) ("Black Diamond") is pleased to announce that its Board of Directors has declared a dividend for the month of March of $0.095 per share to holders of common shares. The dividend will be paid on April 15, 2011 to shareholders of record on March 31, 2011. The ex-dividend date is March 29, 2011. This dividend is an eligible dividend for Canadian income tax purposes.

About Black Diamond

Founded in 2003, Alberta-based Black Diamond Group Limited is a leading provider of temporary and permanent modular building and energy services products. Through its wholly-owned subsidiaries, Black Diamond Limited Partnership, Nortex Modular Leasing and Construction Company and through its 50% equity participation in the Black Diamond Dene Limited Partnership and Black Diamond West Moberly Limited Partnership, Black Diamond operates three complementary divisions in thirteen strategic locations across Canada and USA.

Black Diamond Camps and Logistics rents and sells remote workforce housing and provides associated services; BOXX Modular specializes in renting or selling a broad range of modular work space solutions and Black Diamond Energy Services rents and sells a full complement of oilfield equipment and services. Black Diamond provides world-class services to a full spectrum of industries including oil, gas, mining, power, construction, engineering, military, government and education.

The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

FOR FURTHER INFORMATION PLEASE CONTACT:

Trevor Haynes
Black Diamond Group Limited
President and Chief Executive Officer
(403) 206-4737
(403) 264-9281

Michael Burnyeat
Black Diamond Group Limited
Vice President, Finance and Chief Financial Officer
(403) 206-4740
(403) 264-9281
www.blackdiamondlimited.com