Diamond Frank Exploration Inc.

Diamond Frank Exploration Inc.

November 12, 2008 13:30 ET

Diamond Frank Acquires a 50 % Option on a Gold-Bearing Property

LAVAL, CANADA--(Marketwire - Nov. 12, 2008) - Diamond Frank Exploration Inc. (TSX VENTURE:DOD) announce the conclusion of an option agreement to acquire 50 % of the property Destorbelle held by Typhoon Exploration Inc.

The property is comprised of 24 claims located in the area of Canton of Clericy (Rouyn-Noranda, Abitibi). The terms of this agreement are:

- To spend a minimum of 600.000 $ CAD in work of exploration before December 31, 2009 for 49%;

- To spend a minimum of 400 000 $ CAD in work of exploration before March 31, 2010 for 1%;

- The property has a 2% NSR royalty if a mine is placed into commercial production, The society can acquire any time 1% of the NSR Royalty at the $1 000 000 CAD;

- This agreement is subject to the approval of the regulatory authorities.

The exploration works have already begun and will continue throughout this quarter. The company presently makes a structural study, line cutting, geochemical survey , IP survey, 3D Gocad modelization and prospecting.

Mrs. Isabelle D'Amours, ing. (OIQ), Technical Advisor, a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the information in this news release.

The common shares of Diamond Frank Exploration are listed on the TSX Venture Exchange under the symbol "DOD".

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results may vary materially from those in these "forward-looking statements". The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Diamond Frank Exploration Inc.
    Toll Free: 1-877- 622-4004
    450-622-4337 (FAX)