Diadem Resources Ltd.

Diadem Resources Ltd.

March 31, 2010 09:53 ET

CORRECTION FROM SOURCE: Diadem Resources Ltd. Clarifies Equity Financing

MONTREAL, QUEBEC--(Marketwire - March 31, 2010) - Diadem Resources Ltd. (TSX VENTURE:DRL) -

Diadem Resources Ltd. ("Diadem of the "Company") announces that subsequent to Diadem's news releases of November 26th, 2009, February 19th, 2010, March 9th, 2010 and March 30th, 2010, the Company wishes to clarify the terms of the financings announced.

The total financing amount will not exceed 17,000,000 units priced at $0.05 per unit for gross proceeds of $850,000. Each unit consists of one common share of the Company and one common share purchase warrant, each warrant being exercisable to acquire one common share of the Company at an exercise price of $0.10 within the first year of closing and $0.20 within the second year of closing.

All securities issued pursuant to this private placement will be subject to a minimum hold period of four months from the date of issuance.

Although the financing is a non-brokered private placement, the Company welcomes participation from licensed brokers. Upon acceptance of any such participation, the Company will pay, subject to exchange approval, a commission equal to the maximum allowable by the exchange.

The gross proceeds of the placement will be used for general working capital requirements

Additional information about Diadem Resources Ltd. may be found on its web page (www.diademresources.com) and under Diadem's profile on www.sedar.com.

Cautionary Statement

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy and accuracy of this release.

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