Sanatana Diamonds Inc.

Sanatana Diamonds Inc.

January 16, 2008 09:15 ET

Sanatana Diamonds Inc.-Issuance of 641,025 Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 16, 2008) - Sanatana Diamonds Inc. ("Sanatana" or the "Company") (TSX VENTURE:STA)(AIM:SAN) is pleased to announce that the subscription for common shares of the Company by an affiliate of Kennecott Canada Exploration Inc., as previously announced on December 21, 2007, has now been completed. The affiliate, QIT-Fer et Titane Inc., acquired 641,025 common shares at a price of C$1.56 per share. The shares may not be traded on or through the facilities of the TSX Venture Exchange or otherwise in Canada until May 16, 2008. There are 55,006,096 issued and outstanding common shares of Sanatana Diamonds Inc. following the issuance of the above shares.

Forward Looking Statements

Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond Sanatana's control, and may include statements regarding resource estimates, potential mineralization, exploration results, completion or continuation of work programs and studies, and future plans and objectives. Resource exploration, development and operations are highly speculative, characterized by a number of significant risks, which even a combination of careful evaluation, experience and knowledge may not eliminate, including, among other things, unprofitable efforts resulting not only from the failure to discover mineral resources, but from finding mineral deposits that though present, are insufficient in quantity and quality to be economic or to return a profit from production. There can be no assurance that such statements and information will prove to be accurate and actual results could differ materially from those suggested by any forward-looking statements and information. Sanatana disclaims any obligation to update or revise such forward looking statements and information except as required by law.

Neither the AIM market of the London Stock Exchange Plc nor the TSX Venture Exchange has reviewed, nor accepts responsibility for, the adequacy or accuracy of this release.

Contact Information