Diamondex Resources Ltd.
TSX VENTURE : DSP

Diamondex Resources Ltd.

July 28, 2005 17:08 ET

Diamondex Resources Ltd. Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 28, 2005) - NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

DIAMONDEX RESOURCES LTD. (TSX VENTURE:DSP) ("Diamondex") announces that at the Company's Annual General and Extraordinary Meeting, held on June 27, 2005, the shareholders of the Company approved an amendment to the Company's Incentive Stock Option Plan from a fixed stock option plan to a rolling 10% stock option plan. Subsequently, the Company has granted incentive stock options to directors, officers and employees to purchase up to 1,520,000 common shares. The options will be granted for a period of five (5) years commencing July 20, 2005, exercisable at a price of $1.00 per share.

DIAMONDEX RESOURCES LTD.

Randy C. Turner, President


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