Diamond Frank Exploration Inc.
TSX VENTURE : DOD

Diamond Frank Exploration Inc.

October 10, 2012 08:30 ET

Diamond Frank Inc. Intersects Graphite on the Commandant Project

LAVAL, QUEBEC--(Marketwire - Oct. 10, 2012) - Diamond Frank Exploration Inc. (TSX VENTURE:DOD) announces the results of its 2012 drilling campaign on the Commandant Project of which one drillhole has intersected two (2) graphitic bands.

The first drillhole (COM-12-01) initially planned for a depth of 500 meters, was extended to a depth of 648 meters. This drillhole has mainly intersected diorite units and highly to very highly sheared and deformed sediments (greywacke) and several tonalitic intrusions with centimetric to metric pegmatite dykes. Some pyroxenitic and grabbroic intrusions were also intersected. Some centimetric pyritic zones, with traces to 1% of chalcopyrite and pyrrhotite were intersected and well explain the targeted conductor.

The table below shows the best values obtained.

# DDH SAMPLE FROM (m) TO
(m)
LENGTH
(m)
Ag (ppm) Cr (ppm) Cu (ppm) Ni (ppm) Zn (ppm)
COM-12-01 K363185 68.50 69.50 1.00 0.5 168 237 166 1425
K363186 69.50 70.50 1.00 0.2 145 143 108 1085
K363187 70.50 71.50 1.00 -0.2 131 121 102 1315
K363188 71.50 72.50 1.00 0.3 152 230 132 1330
K363197 80.00 81.00 1.00 0.2 725 116 1095 90
K363198 81.00 82.00 1.00 0.3 573 60 1395 33
K363199 82.00 83.00 1.00 0.2 500 72 1310 40
K363207 116.50 117.50 1.00 0.2 984 172 1250 32
K363208 117.50 118.50 1.00 0.2 1115 43 1165 73
K363210 119.50 120.50 1.00 -0.2 135 198 93 1065
K363211 120.50 121.50 1.00 0.3 201 175 134 1905
K363212 121.50 122.50 1.00 -0.2 405 337 249 386
K363213 122.50 123.50 1.00 -0.2 1215 111 752 71
K363214 123.50 124.50 1.00 -0.2 1440 189 608 166
K363219 128.50 129.50 1.00 0.2 145 160 90 1025
K363220 129.50 130.50 1.00 0.2 344 213 167 561
K363221 130.50 131.50 1.00 -0.2 203 297 145 881
K363222 131.50 132.50 1.00 -0.2 141 131 105 1200

The second drillhole, (COM-12-02), planned for a depth of 800 meters, was extended to a depth of 946 meters. This drillhole has intersected lithological units similar to those of (COM-12-01). This drillhole targeted a geophysical anomaly (very strong conductor) which is explained by the presence of two (2) graphitic breccia zones within a strongly folded and deformed fine grained sedimentary sequence (greywacke). These graphitic zones show respectively relative thicknesses of 0.8 m and 0.3 m. Graphite is semi-massive to massive with medium grain size. Some centimetric sulphide-rich zones (pyrrhotite, pyrite and chalcopyrite) within a pyroxenitic unit were intersected and revealed some silver, chromium, copper, nickel and zinc anomalous values. (See table below)

# DDH SAMPLE FROM (m) TO
(m)
LENGTH
(m)
Ag (ppm) Cr (ppm) Cu (ppm) Ni (ppm) Zn (ppm)
COM-12-02 K363468 43.00 44.00 1.00 -0.2 134 262 333 1790
K363476 51.00 52.00 1.00 -0.2 141 151 322 1080
K363498 130.00 131.00 1.00 0.2 1120 5 745 56
K363499 131.00 132.00 1.00 -0.2 1000 169 1450 278
K362901 132.00 133.00 1.00 -0.2 1045 201 1515 62
K363036 642.00 643.00 1.00 0.3 1520 110 875 46
K363037 643.00 644.00 1.00 0.8 1990 13 665 165
K363042 648.00 649.00 1.00 2.6 16 561 254 2890
K363043 649.00 650.00 1.00 0.3 371 604 464 283
K363044 650.00 651.00 1.00 0.2 677 157 495 410
K363045 651.00 652.00 1.00 -0.2 557 26 284 129
K363046 652.00 653.00 1.00 0.6 139 719 450 433
K363047 653.00 654.00 1.00 0.4 24 1200 238 280
K363110 711 712 1 -0.2 1020 37 1015 24

Let's recall that the Commandant Property is located at the limit between the Superior and Grenville Geological Provinces. An article on graphite was published October 3rd 2012 in "La Presse" newspaper, on pages 2 and 3 of the "Affaires" section.

ABOUT DIAMOND FRANK EXPLORATION INC.

Diamond Frank Exploration Inc. is banking on its properties' excellent mineral potential for the development of new, world-class deposits.

For more information, visit SEDAR's website at www.sedar.com or the company's website at www.diamondfrank.com

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

QUALIFIED PERSON

Mr. Daniel Gaudreault, P. Eng., Geol. (OIQ), from Geologica Groupe-Conseil Inc., is the Qualified Person as defined by National Instrument 43-101, to supervise the preparation of this press release.

Forward-looking statements

This news release contains statements that constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable securities legislation. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of Diamond Frank. Actual results or achievements may differ materially from those expressed in, or implied by, this forward-looking information. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that Diamond Frank will derive therefrom. Forward-looking information is based on the estimates and opinions of Diamond Frank at the time the information is released and Diamond Frank does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

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