Diversified Industries Ltd. Private Placement

RED DEER, Alberta--(Business Wire)--
Diversified Industries Ltd. ("Diversified" or the "Company`) (DVS/TSX-V)
announces the closing of the Company`s non-brokered private placement for a
total of 6,532,506 units (the "Private Placement Units"), each unit comprised of
one common share and one-half of one non-transferable share purchase warrant in
the capital stock of the Company at $0.06 per unit to net the treasury an
aggregate of $391,950 took place effective July 14, 2009. Each whole share
purchase warrant entitles the investors to purchase one additional common share
of the Company for a period of 24 months from the closing at $0.10 per share.

In accordance with securities legislation currently in effect, the Shares, the
Warrants and the Warrant Shares will be subject to "hold period" of four months
expiring on expiring on November 15, 2009.

The after the private placement the outstanding number of shares is 36,120,249.

Diversified and CFR President / CEO Darren Lamothe commented: "We are pleased
that the private placement filled as quickly as it did by current shareholders,
employees and family members. This really goes to show the support that we have
to continue with the growth plans in these slower times and build more market
share through expanded service locations, increased product offering and added
sales people."

For more information visit www.dvsind.com or www.cfrchemicals.com

On behalf of the Board of Directors:

"Darren J. Lamothe"

_____________________________

Darren J. Lamothe, President/CEO

Statements made in this news release that relate to future plans, expectations,
events or performances are forward-looking statements.Such statements involve
risks and uncertainties and are based on current expectations.Consequently,
actual results could differ materially from the expectations expressed in these
forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.

Diversified Industries Ltd.
Darren Lamothe, President/CEO
Tomas Marshall, CFO
Phone: (403) 346-2149
e-mail: dlamothe@cfrchemicals.com
e-mail : tmarshall@cfrchemicals.com
Parkland Mall, Suite 915
4747 - 67th Street
Red Deer, AB T4N 6H3

Copyright Business Wire 2009