Diamondex Resources Ltd.

Diamondex Resources Ltd.

December 19, 2007 10:21 ET

Diamondex Resources Ltd.: Loon River Property Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 19, 2007) - Diamondex Resources Ltd. (TSX VENTURE:DSP) ("Diamondex") and Shore Gold Inc. (TSX:SGF) ("Shore") are pleased to provide an update for the Loon River property located in northern Alberta. (See www.diamondex.net for project location and description).

A review of 1998 regional airborne magnetic data led to the identification of four highly prospective geophysical anomalies on Loon River First Nations reserve lands. These anomalies were confirmed by both ground magnetic and ground gravity surveys conducted in late September 2007. It is expected that the 2008 Buffalo Hills Exploration Program (see December 6, 2007 press release) will include the drilling of one of these targets.

The reserve lands constitute approximately 17,000 hectares and occupy a significant unexplored area within the Buffalo Head Hills kimberlite field. To date 38 kimberlites have been discovered on the Buffalo Hills property of which 26 are diamond bearing.

Diamondex Resources Ltd. is the Operator of the Buffalo Hills Joint Venture on behalf of joint venture partners Shore Gold Inc., EnCana Corporation and Pure Diamonds Exploration Inc.

David Clarke, P.Geol., MSc., Senior Vice President of Exploration for Diamondex Resources Ltd. is a Qualified Person as defined by National Instrument 43-101 and is responsible for program design and quality control of exploration undertaken by Diamondex Resources Ltd.


Randy C. Turner, President

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

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