Big Red Diamond Corporation

Big Red Diamond Corporation

March 28, 2005 11:12 ET

Big Red Diamond Corporation/Valentine Property: Discovery of Kims and Metallic Grains


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BIG RED DIAMOND CORPORATION

TSX VENTURE SYMBOL: DIA

MARCH 28, 2005 - 11:12 ET

Big Red Diamond Corporation/Valentine Property:
Discovery of Kims and Metallic Grains

MONTREAL, QUEBEC--(CCNMatthews - March 28, 2005) - Big Red Diamond
Corporation.(TSX VENTURE:DIA) is pleased to announce important
exploration results on its 100%-owned Valentine Property located in the
Valentine township in Ontario's North-east (please refer to OGS G-plan #
3582). The property is composed of four (4) claim blocks covering a
total area of 364 hectares.

Geology on the property is dominated Paleozoic sedimentary rocks of the
James Bay Lowlands covered by Quaternary sediments. The property is
also at the confluence of important structural features such as the
North-eastern extension of the Kapuskasing Structural Zone (KSZ) and of
Abitibi- and Matachewan/Nippissing- aged diabase dykes.

This property was initially staked by the Company in 2001 to cover a
prominent magnetic feature believed to be the source of a copper anomaly
identified by an Ontario Geological Survey (OGS) stream-sediment survey
released that year (OGS-OFR 6070, "Operation Treasure Hunt; James Bay
Lowland Indicator Minerals Survey"). The property also covers numerous
smaller magnetic features that are interpreted by the Company to be
possible kimberlite pipes, based on a high resolution, low altitude
airborne magnetic survey flown by the company in 2004.

Reconnaissance till sampling results

In February 2005, two (2) till samples were taken on the Valentine
Property using a portable hand and power auger rig. These samples have
yielded promising kimberlite indicator minerals, including eclogitic
garnets and high pressure clinopyroxenes. The promising mineral grains
were confirmed through laboratory test performed by CF Minerals in
Kelowna B.C. Further to the promising kimberlite minerals, elevated
quantities of copper related minerals (Bornite and Chalcopyrite) were
found in the same samples.

A third larger and deeper sample has since been taken from the property
and additional visually-promising kimberlite mineral grains have been
picked and sent to a second analytical lab for verification.
Furthermore, elevated quantities of copper minerals have also been
identified in this third sample.

Current work

Currently, a fourth and much larger sample is being retrieved from the
Valentine Property. It is believed that the bigger sample will yield
greater amounts of the copper minerals, Bornite and Chalcopyrite. This
will allow the Company to obtain a detailed analysis of the minerals and
to further evaluate the significance of the highly anomalous copper
mineral occurrence. The copper mineral grains have so far been isolated
through visual identification only and the Company will wait for heavy
mineral separation of the fourth sample before sending all of these
grains to a laboratory that specializes in metallic ore analysis. It is
expected that the larger sample will also yield greater numbers of the
kimberlite indicators in order to shed further light on the diamond
potential of the Valentine Property.

Semi-annual release of escrowed shares

According to release conditions provided by the Escrow Agreement entered
into on December 23, 2003, a third block of shares was released on March
8, 2005. The table below provides distribution:



Shareholder Shares
released
AntOro Resources Inc. 1,099,802
Brian K. Polk 313,500
Kevin S. Cool 150,000
Francois C. Desrosiers 112,500
Anna Marie Muller 105,000
Rosanne Van Schie 22,500
Rheal Cool 18,000
Karin Cool 18,000
TOTAL 1,099,802



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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    BIG RED DIAMOND CORPORATION
    Francois C. Desrosiers
    (514) 982-6044
    www.bigreddiamond.com
    The TSX Venture Exchange does not accept responsibility for adequacy or
    accuracy of this release.