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PRIMA IS SPECIFIED ON THE OLYMPIC VILLAGE IN VANCOUVER CANADA

Prima Developments Ltd. (the "Company") is pleased to announce that Envirocoatings Sealbond product is specified on the Millennium Water project in the False Creek area of Vancouver, B.C.

The project is home to the 2010 Olympics and Paralympics Village where 2,800 athletes and officials will stay during the Olympics.

Millennium Water is aspiring to be the first LEEDS Gold community in Canada.   It will feature the highest performing green buildings ever built in North America for a project of this scale.

The project will encompass 1.4 million square feet and when completed will feature condominiums, town homes, outdoor plaza, daycare facility, community center, restaurants, shops etc.   Check out the website for details at http://www.millenniumwater.com.

Prima is pleased to be associated with such a visible green project that promotes the efficient use of energy and energy saving technologies.

About Prima (PID)

Prima's subsidiary, ENVIROCOAT TECHNOLOGIES, manufactures and distributes the proprietary specialty Envirosmart coatings, known as Ceramic Insulcoat with Cerylium, throughout Canada and internationally, including the U.S.A. Years of successful R&D has produced a unique product which provides over 30 features and benefits including super adhesion, water and moisture management, heat penetration resistance, saving wasted energy.   Prima's model is designed to expand its share of this $85 billion global market through acquisition and association with strategically positioned distribution outlets located in over 70 countries.   Prima and its new partners are positioned for global distribution to the global multi-billion dollar market.

On Behalf of the Board,

Roland Langset

Roland Langset, President                      

This press release may include forward-looking statements; including statements relating to the Company's manufacturing capability, marketing strategy, future sales growth, profitability and competitive position.   The words "plan", "expect", "believe", "intend", "anticipate", "forecast", "target", "estimate", and similar expressions identify forward-looking statements.   Forward-looking statements are based on assumptions made by and information currently available to the Company.   Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected.   The Company does not undertake to review or update these forward-looking statements.