Diamonds North Resources Ltd.

Diamonds North Resources Ltd.

February 28, 2005 15:14 ET

Diamonds North Resources Ltd.: Blue Ice Property Update


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: DIAMONDS NORTH RESOURCES LTD.

TSX VENTURE SYMBOL: DDN

FEBRUARY 28, 2005 - 15:14 ET

Diamonds North Resources Ltd.: Blue Ice Property Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 28, 2005) - Diamonds
North Resources Ltd. (TSX VENTURE:DDN) announces that planning for the
2005 Blue Ice exploration program is well underway. The bulk of the
program will comprise drill testing of approximately 75-100 targets and
airborne magnetic surveying over two areas on the property. The $3
million program is funded and operated by Teck Cominco Limited.

Approximately 30 targets have been prioritized for core drilling and
more than 75 targets have been identified for possible testing using a
reverse circulation drill rig. This is an aggressive drill program
designed to test a large number of targets over a relatively short
period of time. To maximize the drill season, mobilization of equipment
and supplies for the program is scheduled to start on April 15. The
reverse circulation drilling is planned to start in early May and the
core drilling is scheduled to begin approximately 2 weeks later.

Selected targets include magnetic anomalies and several recently
identified EM anomalies. Airborne geophysics will focus on previously
untested portions of the property using magnetics.

Diamond results for approximately 1000 kilograms of kimberlite from the
King Eider and Turnstone kimberlites are expected around the end of
March. Diamond results for two dykes located 25 metres east of the main
Snow Bunting kimberlite and a new kimberlite called H-1 which is located
along the central King Eider kimberlite structure have been received.

Four core samples collected from two hypabyssal kimberlite dykes, east
of the main Snow Bunting kimberlite, were combined to form two composite
samples. Sample SB04-1, weighing 46.66 kilograms, yielded 3 diamonds
while sample SB04-2 returned 2 diamonds from a 24.6 kilogram sample with
one stone measuring nearly 1.0mm in one dimension.

A 21.07 kilogram core sample from the previously untested H-1 kimberlite
returned one stone. The sample mainly comprised kimberlite recovered
from a 1.72 metre (true width) drill intercept. Full Square Mesh Sieve
diamond results for the Snow Bunting dykes and H-1 kimberlite samples
are shown below in Table 1.



Table 1:
---------------------------
Sieve Size
--------------------------------------------------------
Kimberlite Weight (kg) 0.106mm 0.150mm 0.300mm
--------------------------------------------------------
SB04-1 46.66 3 0 0
--------------------------------------------------------
SB04-2 24.6 0 1 1 (i)
--------------------------------------------------------
H-1 21.07 1 0 0
--------------------------------------------------------

(i) Largest Stone - 0.94mm x 0.46mm x 0.31mm


Due to a favorable diamond size distribution returned from drill core
during 2003 (see NR #03-37), the 2004 drill program at Snow Bunting was
designed to further test the geometry and diamond potential of the
kimberlite to the east of the 2003 drill site. The two holes drilled in
2004 intersected two fine grained hypabyssal kimberlite dykes, ranging
from 0.60 metres to 5.26 metres true width (assuming a vertical body),
with few indicator minerals. These lithologies are markedly different
from the 2003 kimberlite intersections. The contrasting diamond counts
between the 2003 and 2004 results can likely be attributed to different
kimberlite phases.

Kimberlite intersections were logged in secure facilities at the field
camp by qualified Teck Cominco geoscientists and subsequently sent to
Vancouver for sampling. Two thirds of each kimberlite sample was
collected for microdiamond analysis utilizing a rock saw with a
synthetic diamond blade. Samples were securely sealed in solid
containers and shipped to Kennecott Canada Exploration Inc.'s Mineral
Processing Laboratory in Thunder Bay, Ontario. Kennecott's standard
caustic fusion diamond recovery method was utilized for all samples.
Kennecott Canada Exploration Inc.'s Mineral Processing Laboratory is
accredited by the Standards Council of Canada to the ISO/IEC 17025 for
specific registered tests.

Graham Gill (P. Geo) is Diamonds North's qualified person reviewing the
data for the project.

Diamonds North is a dynamic exploration team focused on strategically
advancing diamond opportunities and is determined to discover Canada's
next diamond mine.

ON BEHALF OF THE BOARD OF DIRECTORS

Mark Kolebaba, President & CEO

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Diamonds North Resources Ltd.
    Nancy Curry
    Corporate Communications
    (604) 689-2010
    (604) 484-7143 (FAX)
    info@diamondsnorthresources.com
    www.diamondsnorthresources.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy of this news release.