Canaf Group Inc.

Canaf Group Inc.

November 27, 2007 18:19 ET

Canaf Group Announces Further Details Regarding New Stone Mining's Diamond Exploration in the Democratic Republic of the Congo

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 27, 2007) - Canaf Group Inc. (TSX VENTURE:CAF) ("Canaf" or the "Company") announced today that the Company is in the due diligence phase of the proposed acquisition of 51% of New Stone Mining SPRL (see news release dated November 20, 2007).

To date, due diligence has revealed further information on the recovery process used by New Stone while exploring for diamonds on its concessions. Due to the proprietary nature of this process, details remain confidential; however, initial investigation reveals that the equipment allows the company to process gravel from the riverbed with the non-diamond bearing gravel being returned to the bottom of the river. Specialized scanning equipment identifies diamond bearing gravel and the product is processed from the riverbed with strict environmental control. The unique technology enables ungraded gravel of varying size to be suctioned from the riverbed without waste or accidental loss during the sifting process. This proprietary process removes the need for scuba divers.

The nature of this process allows for greater levels of security and minimal to zero human contact. Once sorting, grading and categorizing has occurred, any recovered diamonds are removed from the barge by helicopter prior to the barge docking. All security issues follow strict protocols.

David Way, President and CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Canaf Group Inc.
    Brad Jefferson
    (604) 767-3977
    (604) 682-2275 (FAX)
    Ascenta Capital Partners Inc.
    Bryson Goodwin
    Investor Relations
    (604) 684-4743 ext. 239 or Toll Free: 1-866-684-4209
    (604) 939-1292 (FAX)