Diversified to Acquire 100% of Spectro Chem

RED DEER, AB--(Marketwire - February 23, 2009) - Diversified Industries Ltd. ("Diversified") (TSX-V: DVS) is pleased to announce the signing of a Letter of Intent to acquire Spectro Chem Inc., an Alberta-based oilfield chemical solutions and service company. Spectro Chem's products include iron sulphide inhibitors, scale inhibitors, emulsion breakers, dispersants, corrosion inhibitors and scavengers.

Spectro Chem was incorporated in the province of Alberta in response to client demand to provide oilfield water quality control, an innovative chemical treating alternative and new insight to providing oil and gas production companies solutions for a wide variety of treatment/application issues. The two founders are seasoned professionals in the oil and gas industry with a specific focus in the areas of oilfield chemicals, applied oilfield chemistry and in providing solutions for oil and gas production problems.

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