Delrand Resources Limited

Delrand Resources Limited

December 02, 2008 19:00 ET

BRC DiamondCore Issues Bulk Sampling Update


Toronto, Canada and Johannesburg, South Africa -- December 3, 2008 -- BRC DiamondCore Ltd. (the "Company") (TSX: BCD, JSE: BCD) has implemented a strategic suspension of bulk sampling at its projects in South Africa's Northern Cape province in view of current depressed diamond prices.

The Company intends to minimize any negative impact of these suspensions on its workforce. All plant and equipment will be maintained and receive appropriate refurbishment in anticipation of a resumption of bulk sampling operations at the Company's Silverstreams alluvial project in early January 2009, with its Paardeberg East kimberlite and De Kalk alluvial projects expected to resume operations as diamond prices recover.

Dr. Mike de Wit, President of BRC DiamondCore, said: "While there is a clear short-term need to conserve cash in light of current market conditions, we anticipate a recovery in rough diamond prices in 2009. This, together with a stronger US Dollar exchange rate against our operating currency and lower energy costs, should position us more favourably in the year ahead."

In keeping with the Company's commitment to developing its human capital, the shutdown period will be effectively utilized in continuing HIV/AIDS awareness and in-house training sessions at the South African projects.

BRC DiamondCore Ltd. is an African-focused diamond explorer active in South Africa and the Democratic Republic of the Congo (the "DRC"). Led by a management team with extensive experience in diamond exploration and mine development, the Company has a broad spectrum of projects ranging from advanced stage trial mining operations through grass-roots exploration. The Company's projects comprise both prospective alluvial gravels and primary kimberlite targets. The Company works in a systematic and responsible manner to discover, assess and develop diamond resources for the benefit of its shareholders and local stakeholders.

For further information, please visit our website, www.brc-diamondcore.com, or contact:

In Toronto:
Martin Jones, Vice President, Corporate Development, (416) 366-2221 or 1-800-714-7938.

In Johannesburg:
James Duncan, Russell and Associates, +27 11 880-3924.


Forward-Looking Statements: This press release contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to the resumption of bulk sampling operations and the Company's operating plans) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, uncertainties relating to the availability and costs of financing needed in the future, uncertainties relating to future diamond prices, the possibility that future exploration results will not be consistent with the Company's expectations, changes in equity markets, foreign currency fluctuations, inflation, political developments in South Africa or the DRC, changes to regulations affecting the Company's activities, delays in obtaining or failure to obtain required project approvals, the uncertainties involved in interpreting geological data and the other risks involved in the diamond exploration business. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.


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