Diamond Frank Exploration Inc.

Diamond Frank Exploration Inc.

April 18, 2008 17:06 ET

Diamond Frank Exploration Inc.: Acquisition of a Property With Diamondiferous Potential

LAVAL, CANADA--(Marketwire - April 18, 2008) - Diamond Frank Exploration Inc. ("Diamond Frank")(TSX VENTURE:DOD) announces that it has reached an agreement to acquire a 100% interest in the G-10 property.

The property is comprised of 68 claims located in the Nouveau Quebec area known for its diamondiferous potential.

Following the terms of this agreement, Diamond Frank Exploration Inc has committed to the following terms:

- To issue 850,000 common shares and to disburse $C 20,000 upon signature of the contract,

- To disburse a payment of $100,000 within the three months following the discovery of a kimberlite or lamproite chimney. If a diamond is discovered in a chimney, Diamond Frank will make a payment of $150,000 and issue 350,000 common shares within three months following the discovery,

- The property has a 2% royalty if a mine is placed into commercial production,

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

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.
    450-622-4337 (FAX)
    Toll Free 1-877-622-4004