Diagem Inc.
TSX VENTURE : DGE

Diagem Inc.

September 20, 2007 12:04 ET

Diagem Obtains Environmental Licenses

MONTREAL, QUEBEC--(Marketwire - Sept. 20, 2007) - Diagem Inc. ('Diagem" or "the Company")(TSX VENTURE:DGE) is pleased to announce it has been granted three Licenses of Operation ("LO's") from the Mato Grosso State Secretariat of the Environment ("SEMA"). These licenses apply to Properties 118, 119, and 211 which are 100% owned by Diagem and cover approximately 20,000 hectares of exploration concessions in the Juina Diamond Province in the State of Mato Grosso, Brazil. The LO's provide Diagem with the authorization from the environmental agency to perform bulk sampling of delineated alluvial deposits, kimberlite pipes and kimberlite pipe targets.

Bulk sampling has commenced on Property 211 and will begin shortly on Properties 118 and 119. An objective of the bulk sampling program is to determine mineralization and obtain preliminary grade determination of the delineated alluvial deposits which cover extensive portions of the three properties.

The program will also include trenching the three known kimberlite pipes of the Aripuana Cluster as well as other kimberlite targets on the properties.

Diagem will be providing regular updates on the progress of the sampling and will release results as they become available.

About Diagem

Diagem Inc. is a publicly listed Canadian exploration mining 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 be the main sources of the Juina Province historical alluvial diamond production.

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
    or
    Diagem
    Nicole Blanchard, Investor Relations
    450-627-6600
    www.diagem.com