Sanatana Diamonds Inc.

Sanatana Diamonds Inc.

April 29, 2008 13:40 ET

Sanatana Grants Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 29, 2008) - Sanatana Diamonds Inc. ("Sanatana" or the "Company") (TSX VENTURE:STA)(AIM:SAN) reports that it has granted incentive stock options to directors and officers of the Company to purchase up to 1,200,000 common shares of the Company at a price of $1.35 each until April 25, 2013. Further particulars of option grants to directors are:

Options Total Options
Awarded Awarded After
This Grant This Grant
Nick Archibald 200,000 500,000
Buddy Doyle 200,000 600,000
Harley Hotchkiss 200,000 600,000
Edward Marlow 200,000 600,000
Peter Miles 200,000 600,000

The Company has also granted incentive stock options to contractors to purchase up to 400,000 common shares of the Company at a price of $1.00 each until April 25, 2013. The options are being granted pursuant to the terms of the Company's stock option plan and are subject to regulatory approval.

The Company has accelerated the vesting of options previously issued with a three-year vesting term so that they now vest in tranches over 18 months from the date of grant. The other terms of the options remain unchanged.

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.

About the Company

Sanatana Diamonds Inc. is focused on the exploration of its Mackenzie Diamond Project, comprised of approximately 4.8 million acres of ground under claims and permits, located north of Great Bear Lake and approximately 700 kilometres northwest of Yellowknife in the Northwest Territories of Canada. The Sanatana Mackenzie project is a joint venture between Kennecott Canada Exploration Inc. and Sanatana Diamonds Inc., which Sanatana operates and Kennecott has a contributing 15% interest. As part of the joint venture arrangement, Kennecott has made available one of their project geologists and a geophysicist from their pool of experienced staff. Sanatana Diamonds, headquartered in Vancouver, is dual listed on the AIM Market of the London Stock Exchange plc and Toronto Venture Exchange (TSX VENTURE:STA)(AIM:SAN).

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.

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