Diamondex Resources Ltd.
TSX VENTURE : DSP

Diamondex Resources Ltd.

December 22, 2008 14:14 ET

Diamondex Resources Ltd.: Private Placement Completed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 22, 2008) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Diamondex Resources Ltd.(TSX VENTURE:DSP) ("Diamondex" or the "Company") wishes to announce that it has completed a non-brokered private placement of 2,428,500 flow through common shares at $0.07 per share for gross proceeds of $169,995. The placement with two arms' length purchasers has a finders' fee payable to Toll Cross Securities Inc., of $8,500 being 5% of gross proceeds raised.

All securities issued in connection with this financing will be subject to a hold period trading restriction expiring on April 13, 2009.

The gross proceeds from the private placement will be used for qualified Canadian exploration expenditures.

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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