Dianor Resources Inc.

Dianor Resources Inc.

September 17, 2007 11:48 ET

Dianor Holds Second Closing of Private Placement

VAL-D'OR, QUEBEC, CANADA--(Marketwire - Sept. 17, 2007) - This news release is not for distribution to United States newswire services or for dissemination in the United States.

Dianor Resources Inc. (TSX VENTURE:DOR) announces that it has held a second closing for $424,999 of its previously-announced $3.5 million private placement by issuing units to investors in Quebec, Ontario and Nova Scotia. Dianor has raised $3,424,999 in this private placement.

At the second closing, Dianor issued 708,331 units at a price of $0.60 per unit, for gross proceeds to Dianor of $424,999. Each unit consists of one common share and one-half of a common share purchase warrant. Each full warrant entitles the holder to acquire one additional common share at a price of $0.90 until September 14, 2008.

The net proceeds from the private placement will be used for exploration on Dianor's properties in Quebec and Ontario and for general corporate and working capital purposes. As a result of the second closing of the private placement, there are 137,025,988 common shares of Dianor issued and outstanding.

Under applicable securities legislation and the policies of the TSX Venture Exchange, all of the securities issued by Dianor at the second closing are subject to a hold period expiring on January 15, 2008.

Dianor is an innovative exploration company focused on advancing diamond exploration properties in Canada. The Leadbetter Diamond Project is its most advanced project and is located 12 kilometres north east of Wawa in Northern Ontario. It is a unique diamond deposit that in addition to diamonds it contains gold, sapphires and rubies (press release January 18th 2007). It is also the oldest in the world being dated at 2.697 billion years old (press release April 4th 2007).

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to United States Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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

Contact Information