Patrician Diamonds Inc.

Patrician Diamonds Inc.

December 01, 2008 14:03 ET

Patrician Diamonds Inc.: Consolidation and Name Change Approved

OTTAWA, ONTARIO--(Marketwire - Dec. 1, 2008) - Patrician Diamonds Inc. ("Patrician") (TSX VENTURE:PXC) announced today that at the Special Meeting of Shareholders held today, December 1, 2008, shareholders overwhelmingly approved the 1:10 share consolidation and to change the name of the corporation to Diamond Exploration Inc.

Of the 67,998,148 shares eligible to be voted, 47.68% were voted at the meeting with only 1,857,103 shares or 6.28% voted against the resolutions.

The Company expects the consolidation and name change to take effect by the end of December and expects the consolidated shares to trade on the TSX-V exchange under the new symbol DIX on Friday January 2, 2009.

"The statements in this Press Release may contain forward looking statements that involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. The TSX Venture Exchange has not approved or disapproved of the information contained in this Press Release."

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