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Black Diamond Group Names Michael Lambert as Chief Financial Officer

CALGARY, ALBERTA -- (Marketwired) -- 07/08/14 -- Black Diamond Group Limited ("Black Diamond") (TSX:BDI) is pleased to announce the appointment of Michael Lambert as Executive Vice President and Chief Financial Officer. Mr. Lambert will assume his new position effective August 8, 2014.

"Michael's deep experience in increasing organizational efficiency makes him the ideal executive to drive the planning and execution of our immediate and long-term financial strategies," said Trevor Haynes, President and Chief Executive Officer of Black Diamond. "He is joining us at a pivotal point in our corporate evolution. His experience in operations and strategy, and his versatility as a finance leader will prove invaluable as we expand our reach into new markets globally and position the company for long-term success."

Mr. Lambert joins Black Diamond after spending three years with Parkland Fuel Corporation where he served as Senior Vice President and Chief Financial Officer. Previously Mr. Lambert was at the Forzani Group and Canadian Pacific Railway where he served as Chief Financial Officer and Executive Vice President and Chief Financial Officer, respectively. He brings to Black Diamond over 30 years of executive leadership experience in large, public companies.

Mr. Lambert is a Chartered Accountant and holds a Bachelor of Commerce degree (Honours) from the University of Windsor.

"At this time, I would also like to thank Marshall McRae for his leadership while we conducted our search," continued Haynes.

Mr. McRae joined the Company in October, 2013 on an interim basis as Executive Vice President and Chief Financial Officer.

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 wide spectrum of industries including oil and gas, mining, power, construction, engineering, military, government and education.

Through its direct and indirect wholly-owned subsidiaries and its approximate 50% equity participation in certain aboriginal limited partnerships, Black Diamond operates four complementary business units in nineteen strategic locations across Canada, the United States 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 outside of North America.

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