Diamonds North Resources Ltd.

Diamonds North Resources Ltd.
Majescor Resources Inc.

Majescor Resources Inc.

February 08, 2005 09:00 ET

Majescor and Diamonds North Identify New Potential Diamond District


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: DIAMONDS NORTH RESOURCES LTD.

TSX VENTURE SYMBOL: DDN

AND MAJESCOR RESOURCES INC.

TSX VENTURE SYMBOL: MAJ

FEBRUARY 8, 2005 - 09:00 ET

Majescor and Diamonds North Identify New Potential
Diamond District

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 8, 2005) - Diamonds
North Resources Ltd. (TSX VENTURE:DDN) and Majescor Resources Inc. (TSX
VENTURE:MAJ) announce the development of a new diamond project on the
northeast side of Banks Island in the Northwest Territories. Based on
indicator mineral recoveries, the companies have jointly acquired
1,203,493 acres of permits over a two-year period.

The Banks Island project was initiated in 2003 as a 50:50 joint venture
between Diamonds North and Majescor. As a result of regional
reconnaissance, an initial 600,000-acre permit application was filed in
2003 and a stream sampling program was completed over the project area
in 2004. Several samples yielded kimberlite indicator minerals, some of
which exhibit primary textures, indicating nearby sources. The presence
of kimberlite indicator minerals on the project provides high
probability for the discovery of a new kimberlite district in Canada.

Based on the sample results, Diamonds North and Majescor submitted
additional permit applications around the property in 2004. On February
1, 2005, 11 exploration permits totaling 604,000 acres were granted.
Majescor and Diamonds North are currently planning an exploration
program with the objective of identify drill targets in 2005.

Diamonds North is the project operator and Dale Mah (P.Geol) is the
qualified person reviewing the data for the project. The 11 permits
granted in 2005 are subject to exclusion of claims staked within the
previous 60 days.

Majescor is a well-funded exploration company with a large portfolio of
diamond properties in Quebec, Nunavut, Northwest Territories, USA,
Brazil and Madagascar.

Diamonds North's portion of the Banks Island joint venture project was
part of the company's 2003 and 2004 Northern Recon Initiative. The
Northern Recon Initiative has positioned Diamonds North in 5 kimberlite
districts and several new potential kimberlite districts in Canada.

Diamonds North is a dynamic exploration team focused on strategically
advancing diamond opportunities and is determined to discover Canada's
next diamond mine.



ON BEHALF OF THE BOARDS OF DIRECTORS

Mark Kolebaba Andre Audet
President & CEO Chairman & CEO
Diamonds North Resources Ltd Majescor Resources Inc.



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