Blue Earth Refineries Inc. Announces a Cash Distribution

    HONG KONG, March 28 /CNW/ -- Blue Earth Refineries Inc. ("Blue Earth")
(Pink Sheets:   BUERF) is pleased to announce today that its Board of Directors
has authorized a cash distribution of US$0.25 per share to shareholders of
record as of April 2, 2007, with a payment date of April 12, 2007.

    About Blue Earth Refineries Inc.
    Based in Hong Kong, Blue Earth Refineries Inc. owns a cobalt ore refinery

    Rene Randall
    (604) 683-5767


For further information:

For further information: Rene Randall, +1-604-683-5767, for Blue Earth 
Refineries Inc.

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