Black Diamond Group Limited announce that its Board of Directors has declared a dividend for the month of May of $0.07 per share to holders of common shares. The dividend will be paid on June 17, 2013 to shareholders of record on May 31, 2013. The ex-dividend date is May 29, 2013. This dividend is an eligible dividend for Canadian income tax purposes.

Black Diamond Group Limited reported unaudited consolidated financial results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of $90,980,000 against $58,957,000 a year ago. Operating profit was $28,167,000 against $18,377,000 a year ago. Income before income taxes was $26,462,000 against $16,961,000 a year ago. Net income attributable to the company was $18,764,000 or $0.46 per basic and diluted share against $13,043,000 or $0.34 per diluted share a year ago. Net cash from operating activities was $13,578,000 against $19,798,000 a year ago. Purchase of property and equipment was $21,926,000 against $19,677,000 a year ago. EBITDA of $40.5 million increased from $26.5 million for the same period in 2012, or a 53% increase. This increase is reflective of an increase in the company's consolidated rental fleet during 2012, the increase in the number of rooms operated under the Logistics platform as well in the level of sales and operations associated with a larger fleet. Significant projects, such as the opening of the renovated and expanded Sunday Creek Lodge, has also contributed to the large increase in revenues compared to 2012. In addition, the first quarter of 2013 saw the addition of revenue from the company's International business unit. The company's business platform continues to perform well and management anticipates strong aggregate full-year 2013 results driven by the significant investments made in the company's fleets and operated facilities throughout 2012 and the early part of 2013, combined with the overall strength of the company's business platform. Management anticipates that the second quarter results will show considerable growth on a year-over-year basis, however, due to the expected sequencing of new projects and seasonality, management anticipates that the second quarter results will be lower than the first quarter. As 2013 progresses, management expects that the third and fourth quarters will see continued growth year-over-year and quarter-over-quarter. To date, the company committed approximately $80 million of its previously announced $90 million 2013 capital budget. In light of continued strong demand for the company's workforce lodging and temporary workspaces and to address projects in development, the Board of Directors has approved an increase in the 2013 capital budget to $115 million.

Black Diamond Group Limited announced that its Board of Directors has declared a dividend for the month ended April 2013 of $0.07 per share to holders of common shares. The dividend will be paid on May 15, 2013 to shareholders of record on April 30, 2013. The ex-dividend date is April 26, 2013. This dividend is an eligible dividend for Canadian income tax purposes.