Delrand Resources Limited

Delrand Resources Limited

January 13, 2009 19:00 ET

BRC DiamondCore Issues Bulk Sampling Update

Toronto, Canada and Johannesburg, South Africa - January 14, 2009 - BRC DiamondCore Ltd. (the "Company") (TSX: BCD, JSE: BCD) announces that, further to its December 3, 2008 press release, it will maintain its strategic suspension of bulk sampling at its projects in South Africa's Northern Cape province in response to persistent depressed diamond prices and the deepening economic downturn.

The Company envisages shutting down the Paardeberg East operation for the immediate future and down-sizing its Silverstreams operation from three shifts to a one shift operation.

This requires that the Company enter into a consultation process with affected employees and their representative unions, in terms of the provisions of Section 189A of the South African Labour Relations Act.

The out-sourced contract for the bulk sampling at the Company's De Kalk project expired on December 31, 2008 and has not been renewed.

Dr. Mike de Wit, President of BRC DiamondCore, said: "Management deems these steps as essential due to the ongoing need to conserve cash in light of persistent adverse market conditions. We nevertheless still anticipate a recovery in rough diamond prices in 2009. We retain the view that 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."

"By maintaining one shift at Silverstreams we retain flexibility and can rapidly resume an increased level of production if justified by market conditions, while maintaining the benefits of a downsized operation."
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,, 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, future market conditions 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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