SOURCE: Tamija Gold & Diamond Exploration, Inc.

October 12, 2006 16:01 ET

Tamija Gold & Diamond Exploration, Inc. Plans to Enter the Booming Online Sector of the $59.4 Billion Annual Jewlery Sales Market

HOLLYWOOD, FL -- (MARKET WIRE) -- October 12, 2006 --Tamija Gold & Diamond Exploration, Inc. (PINKSHEETS: TMJG), a multi-faceted resource and exploration company specializing in the exploration and recovery of diamonds and gold, is pleased to announce the preview of its launch into e-commerce with the display of recently recovered diamonds on its website http://www.tamijainc.com/products.html.

Tamija recently acquired and exported a parcel of diamonds exceeding six hundred carats and containing three featured diamonds of 22, 17, and 13 carats, respectively. The parcel has already produced several fancy colored finished diamonds and contained many other diamonds exceeding five carats. This parcel was acquired from local miners working within Tamija's licensed perimeters. The Company believes that its own production capabilities, supplemented by the growing strength of local supply relationships in Central African Republic, merits entering the online sales market to increase revenue.

Tamija is currently developing its own online store to offer customers the ability to purchase rough and finished diamonds directly through its website. The Company is also exploring strategic relationships in the e-commerce sector including eBay, Diamonds.com, and Blue Nile in order to bolster its web presence for the sales of its high quality diamonds.

According to comScore figures, total Internet spending for the full year 2005, including travel, reached $143.2 billion, up 22 percent over the $117.2 billion spent online in 2004. According to the International Diamond Exchange (IDEX), online jewelry sales in the US market represented $2.1 billion of total jewelry industry sales of $59.4 billion in 2005, up from $1.7 billion in 2004.

Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Tamija Gold & Diamond Exploration, Inc. undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

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