Diamonds North Resources Ltd.

Diamonds North Resources Ltd.
International Samuel Exploration Corp.

International Samuel Exploration Corp.

April 18, 2007 07:30 ET

Diamonds North Resources and International Samuel Approve C$1,000,000 Budget for Ualliq Exploration

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 18, 2007) - Diamonds North Resources (TSX VENTURE:DDN) and International Samuel Exploration Corp. (TSX VENTURE:SAZ) announce a C$1,000,000 exploration budget for the Ualliq property located north and northwest of Diamonds North Resources' Amaruk property in the Pelly Bay Diamond District of Nunavut. Encouraging diamond indicator minerals and geophysical survey data suggest a new diamondiferous kimberlite field may exist on the Ualliq property.

The C$1,000,000 exploration budget approved for 2007 at Ualliq will include:

- geophysical surveying over the main Ualliq indicator mineral train

- detailed geophysics on up to 50 targets

- drill test up to 12 of the highest priority targets

The Ualliq property is adjacent to Diamonds North's Amaruk property where high diamond counts from the Qavvik kimberlite were recently announced (515 diamonds recovered from 397 kilograms of kimberlite - see News Release NR07-07, March 29th, 2007).

The Qavvik kimberlite is located approximately 20 kilometres from the Ualliq property. Abundant kimberlite indicator minerals recovered from glacial till on the Ualliq property define several diamond prospective regions, including an area extending for 60-kilometre. The Companies consider this area prospective for multiple diamondiferous kimberlite intrusions. To date, 36 targets have been identified from the 2006 airborne survey and range in size up to 6 hectares.

"From the mineral chemistry, number and size of geophysical targets identified to date, we believe the Ualliq property offers the partner's and our shareholders a significant discovery opportunity. Our objective this year is to confirm Ualliq is the newest diamondiferous kimberlite field in the Pelly Bay Diamond District," says Mark Kolebaba, President and CEO of Diamonds North Resources.

To date only the eastern part of the property has been surveyed with detailed geophysics. Approximately 17,000 line kilometers will be surveyed in 2007.

Diamonds North Resources is operator on the project with International Samuel earning a 30% interest in the property by incurring C$3 million in expenditures over four years. In addition, for each of the first four kimberlite bodies discovered on the property, International Samuel shall issue 250,000 common shares to Diamonds North (See News Release 06-26, August 2, 2006).

Mr. Bruce Kienlen (P.Geol) is Diamonds North's Qualified Person for the project as defined under NI 43-101.


Diamonds North Resources is the dominant explorer in the Pelly Bay region and 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.


International Samuel is an active diamond explorer with 2007 exploration programs planned for their Churchill West and Afridi lake properties, in addition to the Diamonds North projects.


Mark Kolebaba, President & CEO

Diamonds North Resources Ltd.

Conrad Swanson, President & CEO

International Samuel Exploration Ltd.

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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