SOURCE: Dolat Ventures Inc.

November 20, 2009 17:00 ET

Dolat Ventures Inc. to Acquire 100% of Dove Diamonds & Mining

New Operation Plans to Import and Wholesale Rough Diamonds and Gems

NEW YORK, NY--(Marketwire - November 20, 2009) - Dolat Ventures Inc. (OTCBB: DOLV) announced today that it intends to acquire 100% of the outstanding capital stock of Dove Diamonds and Mining, Inc., a Nevada Corporation.

Dove Diamonds & Mining intends to sell, market, distribute and cut diamonds and precious gems in the United States and Internationally.

"We are extremely excited to announce this preliminary step in developing our Mining infrastructure," said Mr. Dovid Hauck, Chief Executive Officer of Dove Diamonds & Mining Inc. "Dove Diamonds intends to market, sell, and distribute diamonds and gems globally once fully consummated," he added.

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About Dolat Ventures Inc. (OTCBB: DOLV)

Dolat Ventures Inc. through its wholly owned subsidiary Dove Diamonds & Mining intends to sell, market, cut and distribute its diamonds and gems around the world. The company intends to purchase rough and uncut diamonds and gems from international suppliers globally.

Forward-Looking Statements

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward-Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission.

These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

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