Black Diamond Group Limited Adopts Shareholder Protection Rights Plan

CALGARY, ALBERTA--(Marketwired - March 4, 2015) - Black Diamond Group Limited ("Black Diamond" or the "Company") (TSX:BDI), a leading provider of workforce accommodation and modular workspace solutions, announces that its Board of Directors (the "Board") has adopted a Shareholder Protection Rights Plan (the "Rights Plan"). The Rights Plan is similar to existing shareholder rights plans adopted by other Canadian public companies. The Rights Plan has not been adopted in response to, or in anticipation of, any known take-over bid.

The Rights Plan's objectives are to ensure, to the extent possible, that all shareholders of the Company are treated equally and equitably in connection with any takeover bid for the Company and to ensure that the Board is provided with sufficient time to evaluate unsolicited take-over bids and to explore and develop alternatives to maximize shareholder value. The Rights Plan discourages discriminatory, coercive or unfair takeovers of the Company and gives the Board time, if, in the circumstances, it is appropriate to take such time, to evaluate the proposed transaction and to conduct an orderly process to maximize shareholder value. Such process may include the solicitation of superior proposals, consideration of alternative structures, identification of other potential bidders or the conducting of an orderly auction.

The Rights Plan is subject to approval of the Toronto Stock Exchange, and requires approval by Black Diamond's shareholders within six months of the Rights Plan's effective date. It is anticipated that the Rights Plan will be submitted to shareholders for their consideration at Black Diamond's next annual meeting, currently scheduled for May 7, 2015. If the Rights Plan is not confirmed by Black Diamond's shareholders at such meeting, it will terminate and be void and of no further force and effect.

The Board has implemented the Rights Plan by authorizing the issuance of one right (a "Right") in respect of each common share ("Common Share") of the Company outstanding at the close of business on March 4, 2015 (the "Record Time"). In addition, the Board authorized the issuance of one Right in respect of each additional Common Share issued from treasury after the Record Time. The Rights trade with and are represented by the Common Shares. Until such time as the Rights separate from the Common Shares, when they become exercisable, Rights certificates will not be distributed to shareholders.