Diagnos Inc.

Diagnos Inc.

September 17, 2007 14:13 ET

DIAGNOS Signs a Major Agreement in Dominican Republic on its 25,000 Hectares Property with Maxtech Ventures

BROSSARD, QUEBEC--(Marketwire - Sept. 17, 2007) - DIAGNOS inc. ("DIAGNOS" or the "Corporation") (TSX VENTURE:ADK), a leader in the use of artificial intelligence ("AI") and advanced knowledge extraction techniques, announced today the signature of an agreement with Maxtech Ventures ("Maxtech") on its Maple property of 25,000 hectares (253 square km) located at 15 kilometres of La Vega in the central part of the Dominican Republic. This property acquired on the basis of targets found by the CARDS system has a high potential for gold and also for other precious and base metals.

The agreement provides that:

- Maxtech acquires an interest of 80% on the property for the sum of $150,000, payable in two payments of $75,000, one at the signature of the contract and the other one on March 1, 2008;

- DIAGNOS retains 20% of the property and a Net Smelter Return of 2% on any economic discovery;

- Maxtech will have the option to repurchase 1% of this NSR for $1,000,000 CDN at any time during the five years following the discovery;

- the agreement also stipulates that Maxtech is committed to spending $2,000,000 US over three years for the first phase of exploration on the property;

- after having supplemented its engagements Maxtech will hold 80% of the Maple property;

- the agreement and its conditions are prone to the approval of the partnership by the Dominican government.

Mr Andre Larente, president of DIAGNOS and Mr Curt Huber, director of MaxTech are confident on the potential of this property located in the central zone of the volcanic belt Cretace at the limit of a broad body of tonalite presenting an important magnetism. Indeed, within 50 kilometres of the property we find the world class deposit Pueblo Viejo, the second largest known deposit of gold after Yanococha in Peru. The mine of Pueblo Viejo produced 5.4 million ounces of gold and 24.7 million ounces of silver between 1975 and 1999. Furthermore, the East border of the property is at less than 15 kilometres of the Falcondo Nickel mine.

"We acquired this property on the basis of our technology CARDS and we sign today a partnership with a company which will develop the important potential that we saw there. Expanding our international capabilities is linked to the execution of our strategic plan. Today's announcement posting our CARDS technology based on Artificial Intelligence is offered on a world wide scene and will serve as a show case. We confirm today our advance and our positioning on the world scene in the use of the artificial intelligence applied to the mining area" declared Mr Andre Larente.

Mr Curt Huber, as for him, declared: "We already work in a very effective way in project management with DIAGNOS on our properties of Quebec. We are trustful that we will obtain the same professionalism and cooperation as we tackle today's announcement."

DIAGNOS, a multidisciplinary corporation, can count on a 16-people team among which six professionals in geophysics, geology and geography; artificial intelligence specialists, mathematicians, imagery and remote sensing. This team is helped by a dynamic administration and marketing and sales force to help serve its mining sector clientele at its very best. In addition to the data mining and the predictions of the best drilling targets, the Natural Resources Division acquires and sells properties and offers project management services. This horizontal integration makes DIAGNOS, the leader in its sector of industry.


DIAGNOS inc. has developed data mining software and provides data mining services. The Corporation designed and developed MCubiX, a data mining software suite capable of extracting knowledge from historical data - in the form of images, text or traditional databases - and making predictions that improve business processes and decision making ability. CARDS (Computer Aided Resource Detection Software) can be applied to several sectors of prospecting, such as diamond, gold, zinc, copper and the oil and gas, and each one of these resources require a distinct methodology endorsed by the application. For further information, please visit our Website at www.diagnos.ca.

The Corporation's objective is to develop a royalty stream by significantly enhancing and participating in the exploration success rate of mining and oil and gas companies.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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