Big Red Diamond Corporation

Big Red Diamond Corporation

February 25, 2005 13:49 ET

Big Red Diamond Corporation: Announcement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BIG RED DIAMOND CORPORATION

TSX VENTURE SYMBOL: DIA

FEBRUARY 25, 2005 - 13:49 ET

Big Red Diamond Corporation: Announcement

MONTREAL, QUEBEC--(CCNMatthews - Feb. 25, 2005) - Big Red Diamond
Corporation ("Big Red") (TSX VENTURE:DIA) wishes to announce that Dr.
Grant Cool has resigned as director and Chairman of the Board of Big Red
Diamond Corp. Dr. Cool wishes to spend more time on personal business
matters.

Mr. Michael P. Gross, director of Big Red Diamond since its listing on
the TSX-Venture Exchange, will assume the duties of interim Chairman of
the Board of Directors, until a new director is named in replacement for
Dr. Cool, at which time the board will elect a new chairman.

The Company wishes to thank Dr. Cool for his invaluable help and
knowledge during its start-up period and in becoming a publicly-traded
company on the TSX-Venture Exchange. It also wishes him all the best in
his new ventures.

Big Red Diamond is a diamond exploration company whose main asset is its
twenty percent (20%) participation in a joint-venture with Charles
Fipke, the discoverer of the Ekati diamond mine in the NWT. This
joint-venture is involved in diamond exploration in Northern Ontario, in
an area surrounding De Beers Victor diamond project. Big Red also owns
outright a number of diamond and precious metals exploration properties
in Northern Ontario closer to Timmins and Kirkland Lake.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Big Red Diamond Corporation
    Francois C. Desrosiers
    President
    (514) 982-6044 ext. 225
    The TSX Venture Exchange does not accept responsibility for adequacy or
    accuracy of this release.