Diamonds North Resources Ltd.

Diamonds North Resources Ltd.

January 14, 2008 08:00 ET

Diamonds North Announces Two More Kimberlites With High Diamond Counts on Amaruk

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 14, 2008) - Diamonds North Resources Ltd. (TSX VENTURE:DDN) announces high diamond counts from Qavvik-3 and Qavvik-4 kimberlites located on the Company's 100% owned Amaruk property in the Pelly Bay Diamond District of Nunavut. A 72.8 kilogram reverse circulation/percussion (RC) drill-hole sample of Qavvik-3 yielded 183 diamonds and a 65.7 kilogram RC drill-hole sample of Qavvik-4 yielded 129 diamonds. These kimberlites are part of the Qavvik kimberlite cluster which is approximately 15 kilometres from Tuktu-1 that also returned high diamond counts (550 diamonds recovered in 81.75 kilogram sample, see News Release NR08-01, January 8, 2008).

The diamond count for Qavvik-3 is 2.5 diamonds per kilogram and 2 diamonds per kilogram for Qavvik-4. The Company views these results as very significant as it is generally considered positive to recover 1 diamond per kilogram.

The largest diamonds recovered from Qavvik-3 are: a clear, white fragment measuring 1.18mm x 0.6mm x 0.58mm; and, an irregular clear, white crystal measuring 1.2mm x 0.8mm x 0.44mm. The largest diamond recovered from Qavvik-4 is a clear, white fragment measuring 1.02mm x 0.68mm x 0.54mm.

Table 1. Diamond Sieve Data for the Qavvik-2,3,4 Kimberlites
Weight Sieve Sizes (mm)
---------------- -----------------------------------------------
(kg) 0.106 0.150 0.212 0.300 0.425 0.600 Total
Qavvik-3 72.8 94 51 28 6 3 1 183
Qavvik-4 65.7 73 28 21 5 1 1 129
Qavvik-2 71.2 2 3 2 0 2 0 9

To date, only individual diamonds remaining on or above the 0.300mm mesh have been described as it is standard procedure for Saskatchewan Research Council (SRC). All are white with a high proportion of clear octahedral crystal forms.

Diamond results for 13 additional kimberlites are pending, including eight more kimberlite discoveries in the Tuktu cluster and 3 in the Qavvik cluster, one being a mini-bulk core sample from Qavvik-1.

Diamonds North has discovered 22 kimberlites to date on the Amaruk property and so far has identified 3 separate areas that have demonstrated high diamond counts. In addition to the recent discoveries the Company has 500 geophysical targets that remain to be tested.

The Qavvik-4 geophysical anomaly covers an area of about 1.5 hectares and is within 700 metres of Qavvik-5 and Qavvik-6, results of which remain pending. There are untested targets in close proximity to the Qavvik-3 kimberlite which has a geophysical anomaly size of less than one hectare.

In addition to the Qavvik samples, the Company received results for 67.3 kilograms of Ptarmigan-1 and 88.9 kilograms of Umingmak-2, no diamonds were recovered.

The drill cuttings were logged in secure facilities at the Amaruk field camp by geoscientists. Samples were securely sealed in solid containers and shipped to Saskatchewan Research Council (SRC) in Saskatoon for processing. The results presented in this news release were obtained by SRC using their standard caustic fusion diamond recovery method. SRC is accredited by the Standards Council of Canada to the ISO/IEC Guide 25 standard for specific registered tests. As part of an ongoing Quality Control & Quality Assurance program, Diamonds North will conduct reviews and audits of results.

Bruce Kienlen (P.Geol) and Graham Gill (P. Geo) are Diamonds North's qualified persons reviewing these projects. They are responsible for the design and conduct of the exploration programs and the verification and quality assurance of analytical results.

Diamonds North Resources is focused on discovering Canada's next diamond mine. The Company is rapidly evolving and committed to building long-term value through ongoing diamond discoveries.

On behalf of Diamonds North Resources Ltd.

Mark Kolebaba, President & CEO

Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

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

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