Diagem Inc.

Diagem Inc.

September 26, 2007 10:14 ET

Diagem Granted Additional Mineral Claims in the Juina Diamond Province

MONTREAL, QUEBEC--(Marketwire - Sept. 26, 2007) - Diagem Inc. ("Diagem" or "the Company")(TSX VENTURE:DGE) reports it has been granted an additional 86,000 hectares of mineral properties from the Brazilian Department of Mineral Production ("DNPM") in the Juina Diamond Province of Mato Grosso, Brazil. Diagem applied for these mineral properties during the first quarter of 2007 following its discovery of the Chapadao cluster of kimberlites. The Company now has 228,000 hectares of exploration concessions including its mining concession. The granting of an additional 100,000 hectares of priority applications is pending approval by the DNPM.

Diagem's CEO, Denis Francoeur, stated "The further expansion of Diagem's portfolio of mineral claims, and the increased focus over these newly identified areas, is a result of our enhanced understanding of the regional geology and our ability to identify other high-prospect areas. This strategy increases the Company's chances of finding one or more economic kimberlite pipes in this diamond-rich region of Brazil."

Diagem also engaged Dr. Felix Kaminsky, a world renowned diamond consultant, to perform a structural interpretation of the Juina Diamond Province. The second report of a series of studies currently underway by Dr. Kaminsky and his research team on behalf of Diagem has identified twenty-two promising areas for new kimberlites supporting the Company's earlier analysis and adding potential value to the newly acquired mineral properties.

Diagem will begin grassroots prospecting such as stream and soil sampling on the properties in the near future. At the same time, the Company will continue analysing its two highest priority targets, the Chapadao and 21 de Abril clusters of kimberlites. An updated map of the Company's mineral properties including the new properties can be found on the Company's website at www.diagem.com.

This press release has been reviewed by Denis Francoeur, M.Sc., P. Geo., Diagem's CEO and a qualified person under National Instrument 43-101.

About Diagem

Diagem Inc. is a publicly listed Canadian exploration mining company focused on diamondiferous resources in the Juina Diamond Province of Mato Grosso, Brazil, where it controls a large portfolio of mineral properties. The Company has one advanced development stage project and recently discovered two clusters of kimberlite pipes believed to be the main sources of the Juina Province historical alluvial diamond production.

Forward-looking statements: Except for statements of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

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

Contact Information

  • Diagem Inc.
    Denis Francoeur
    514-866-6001 (ext 265)
    Diagem Inc.
    Paul Einarson
    514-866-6001 (ext 251)
    Diagem Inc.
    Nicole Blanchard
    Investor Relations