Mr. Dean Taylor reports

DIAMCOR REALIZES A PRICE OF USD$278.76 PER CARAT IN ROUGH DIAMOND TENDER

Diamcor Mining Inc. has released results of the tender and sale of the previously announced rough diamonds recovered as part of initial resumed processing exercises performed following the recent screening modifications at the company's Krone-Endora at the Venetia project. The company sold a total of 2,606.50 carats of rough diamonds for gross proceeds of $726,588 (U.S.), resulting in an average price of $278.76 (U.S.) per carat. Included in the rough diamonds tendered and sold were three individual gem-quality diamonds in the special (plus 10.8 carats) category including one high-quality 18.44-carat gem octahedron, and two gem-quality diamonds weighing 18.57 and 14.70 carats respectively. These special diamonds sold for gross proceeds of $195,810 (U.S.) or $3,786.70 (U.S.) per carat. Net of these special category rough diamonds, the balance of the rough diamonds tendered and sold achieved an average price of $207.76 (U.S.) per carat.

"We are very pleased with the results of this tender, and while the recoveries in the special category point to the project's potential, the average dollar per carat achieved before and after the inclusion of specials is also very encouraging," commented Diamcor chief executive officer Dean Taylor. "Our current efforts at the project are focused on increasing processing volumes and enhancing operating efficiency and consistency," added Mr. Taylor.

About Diamcor Mining Inc.

Diamcor Mining is a fully reporting publicly traded junior diamond mining company which is listed on the TSX Venture Exchange under the symbol V.DMI and on the OTCQB International under the symbol DMIFF. The company has a well-established operational and production history in South Africa, and extensive prior experience supplying rough diamonds to the world market.

Qualified person statement

James P. Hawkins (BSc, PGeo) is manager of exploration and special projects for Diamcor Mining, and the qualified person in accordance with National Instrument 43-101 responsible for overseeing the execution of Diamcor's exploration programs, and a member of the Association of Professional Engineers and Geoscientists of Alberta (APEGA). Mr. Hawkins has reviewed this press release and approved of its contents.

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