Diamonds North Resources Ltd.

Diamonds North Resources Ltd.

June 17, 2008 09:52 ET

Diamonds North Recovers 2911 Diamonds from 552 Kilograms of Tuktu-2, Larger Diamonds Recovered

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 17, 2008) - Diamonds North Resources Ltd. (TSX VENTURE:DDN) announces the recovery of 2911 diamonds from the remaining 551.95 kilograms of percussion drill sample collected from the Tuktu-2 kimberlite in 2007. Sample Tuktu-2B exhibits a significant increase in larger sized diamonds including diamonds remaining on the 1.18mm sieve. The Tuktu-2 kimberlite is located on the Company's 100% owned Amaruk property in the Pelly Bay Diamond District of Nunavut. The sample was submitted as part of the company's ongoing due diligence and quality control process and to gain additional information on the diamond distribution on the Tuktu-2 kimberlite.

Tuktu-2B sample is five times larger than the original Tuktu-2 sample (see news release NR08-13, March 13th, 2008), yet Tuktu-2B yielded almost 10 times more diamonds on the 0.60mm sieve, 2 stones on the 0.85mm sieve and 2 diamonds on the 1.18mm sieve. This proves the existence of a coarser diamond population in this kimberlite sample. The diamond count for the Tuktu-2B kimberlite is 5.3 diamonds per kilogram. Collection of a much larger sample using drill core has begun to further evaluate Tuktu-2's large diamond potential.

"I do not know another diamond discovery at this stage of exploration, which is showing the same level of potential that our Amaruk project has," states Mark Kolebaba President and CEO of Diamonds North. "The Tuktu-1 and 2 kimberlites have very high diamond counts, supported by high interest mineral chemistry, tonnage potential and now larger diamonds."

Table 1 Diamond Sieve Data for the Tuktu-2 Kimberlite
Sample Weight Sieve Sizes (mm)
(kg) 0.106 0.150 0.212 0.300 0.425 0.600 0.850 1.180 Total
Tuktu-2B 551.95 1528 780 340 136 84 39 2 2 2911
Tuktu-2 107 222 239 101 26 15 4 0 0 607

A total of 263 diamonds on and above the 0.30mm sieve from this sample were described in detail and the majority are white, octahedral forms with high clarity. The largest stones recovered include 2.52mm x 1.5mm x 1.04mm; 2.00mm x 1.62mm x 1.16mm. The largest fragments recovered measured 1.86mm x 0.68mm x 0.58mm and 1.60mm x 1.16mm x 0.60mm.

The 551.95 kilogram sample was collected from a depth of approximately 19.81 metres to 91.44 metres, where the drill ended in kimberlite. The 107 kilogram sample was collected from a depth of 12.19 metres to 19.81 metres (a small amount of kimberlite sampled from 19.81 metres to 21.34 metres was sent in for geochemical analysis).

Recent delineation drilling and ground gravity surveying suggests that Tuktu-1, 2 and 3 are connected to form a single larger pipe.

Diamonds North has discovered 25 kimberlites to date on the Amaruk property. Of the 22 analyzed kimberlites, more than 90% of the known kimberlites are diamondiferous and 50% exhibit diamond counts that require follow-up exploration. At least 500 compelling geophysical targets remain to be tested on the property.

The drill cuttings were logged in secure facilities at the Amaruk field camp by geoscientists and geotechnicians. Samples were securely sealed in solid containers and shipped to Saskatchewan Research Council (SRC) in Saskatoon for processing. The results presented in this news release were obtained by SRC using their standard caustic fusion diamond recovery method. Prior to standard caustic fusion, the sample was screened using a 0.5mm sieve. SRC is accredited by the Standards Council of Canada to the ISO/IEC Guide 25 standard for specific registered tests. As part of an ongoing Quality Control & Quality Assurance program, Diamonds North will conduct reviews and audits of results.

Bruce Kienlen (P.Geol) and Graham Gill (P. Geo) are Diamonds North's qualified persons reviewing these projects. They are responsible for the design and conduct of the exploration programs and the verification and quality assurance of analytical results.

Diamonds North Resources is focused on discovering Canada's next diamond mine. The Company is rapidly evolving and committed to building long-term value through ongoing diamond discoveries.

On behalf of Diamonds North Resources Ltd.

Mark Kolebaba, President & CEO

Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

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

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