Diamond Exploration Inc.
TSX VENTURE : DIX

Diamond Exploration Inc.

July 30, 2009 09:38 ET

Diamond Exploration Inc.: Appointment of CFO and Stock Option Grant

OTTAWA, ONTARIO--(Marketwire - July 30, 2009) - THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Diamond Exploration Inc. ("DIX")(TSX VENTURE:DIX) announced today that the Board of Directors has appointed Mr. Sabino Di Paola, C.A., as Chief Financial Officer for the Company. Mr. Di Paola has several years experience working with two national audit firms as an auditor. He also brings with him an expertise in Canadian accounting and auditing standards.

The Board of Directors of DIX approved the grant of 100,000 stock options in the Company at a price of $0.10 expiring July 29, 2014, to Mr. Di Paola and 50,000 stock options to two contractors.

This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding the closing of the proposed property acquisition, the close of the proposed private placement, completion of a technical report, the identification of any mineral resource and the anticipated business and financing plans of the Company. Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the market for diamonds or other minerals that may be produced generally, recent market volatility; variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the necessary capital or to be fully able to implement its business strategies and other risks associated with the exploration and development of mineral properties. The reader is referred to the Company's most recent annual and interim Management's Discussion and Analysis for a more complete discussion of such risk factors and their potential effects, copies of which may be accessed through the Company's page on SEDAR at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information