Diagem Inc.
TSX CROISSANCE : DGE

Diagem Inc.

December 17, 2007 17:10 ET

Diagem Announces Election of Directors and Officers

MONTREAL, QUEBEC--(Marketwire - Dec. 17, 2007) - Diagem Inc. (TSX VENTURE:DGE)("Diagem" or "the Company") is pleased to announce that Mousseau Tremblay, David Crevier, Antony Wood, Jacky Lewy, Philip Renaud, Carlos Alberto Pessoa Pardellas and Denis Francoeur were elected directors at the annual and special meeting of shareholders of the Company held in Montreal on December 17, 2007.

Subsequent to the annual meeting of shareholders, the Board of Directors appointed Mousseau Tremblay as Chairman of the Board of Directors, Denis Francoeur as Chief Executive Officer, Paulo Andreazza as President, Paul Einarson as Chief Financial Officer and David Crevier as Secretary.

About Diagem

Diagem Inc. is a publicly listed Canadian exploration-stage company focused on primary diamondiferous resources in the Juina Diamond Province of Mato Grosso, Brazil, where it controls a large portfolio of mineral properties. The Company has one advanced development stage project and recently discovered two clusters of kimberlite pipes believed to a significant source of Juina's historical alluvial diamond production. The historical Juina alluvial diamond production is commonly referred to as "Indian goods". However, the Chapadao area is accessible year round and is amenable to open pit mining which translates into low extraction costs. Preliminary diamond grades are also encouraging (see press release dated January 11, 2007). The area is also known for the occurrence of a valuable rare type of diamonds often harbouring a fancy pink colour (see press release dated November 13, 2007).

Forward-looking statements: Except for statements of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE

Contact Information

  • Diagem
    Denis Francoeur, CEO
    514-866-6001 (ext 265)
    or
    Diagem
    Paul Einarson, CFO
    514-866-6001 (ext 251)
    WWW.DIAGEM.COM
    or
    Nicole Blanchard, Investor Relations
    450-973-6690