Dianor Resources Inc.

Dianor Resources Inc.

March 01, 2011 08:30 ET

Dianor Resources Announces Appointment of Jim Steel MBA P.Geo as New Director

VAL-D'OR, CANADA--(Marketwire - Feb. 28, 2011) - Dianor resources inc. (TSX VENTURE:DOR)(OTCQX:RSDNF) is pleased to announce that mr. Jim steel mba p.Geo has been appointed to its board of directors. Mr. Steel has over 25 years experience In global precious metal, base metal and diamond exploration as well as both buy-side and sell-side investment analysis and asset management. He is a mining geologist with an mba from the london business school, london, uk, and currently chairs the registration committee of the association of professional geoscientists of ontario (apgo).

He has worked as an analyst in international equity investment and mining corporate finance in europe, and was a co-manager of the td greenline precious metals and resource mutual funds in canada. He has experience in mine development projects, property valuations and corporate acquisitions as well as mineral resource estimation in the context of scoping studies and preliminary economic assessments. He was an integral part of the exploration team that discovered the ujina copper deposit at the giant collahuasi complex in chile, now in production. For the past ten years, he has been the managing director of mining insights inc., a research firm specializing in buy-side mining equity research, portfolio risk analysis, independent value assessment in mergers and acquisitions, and in value-oriented geoscientific and analytical consulting. He is fluent in english, french, and spanish.

"I am pleased to have jim join our team at this important time in our company's development as he has the right Experience and skill sets in guiding Dianor to achieve our goals" Said, john ryder, president and ceo of Dianor resources inc.

Mr. Steel was appointed to fill the vacancy created by the resignation of mr. NEil wiener who has been a board member since 2002. Mr. Wiener has made a valuable contribution to the board and we thank him for his dedication. Mr. Wiener will remain company secretary. Dianor also wishes to announce that mr. Octavio soares has resigned from the board to spend more time with threegold resources inc. Which has undergone a recent reorganization. Mr. Soares is currently cfo of threegold resources inc.

About Dianor

Dianor is an innovative exploration company focused on advancing diamond exploration properties in the Superior Craton of Canada. The Leadbetter Diamond Project is its most advanced project and is geographically well situated and easily accessible, some 12 kilometres north east of Wawa in Northern Ontario. Substantial exploration work has been conducted on the project since 2005 and in May 2009, the Company received government approval to proceed with a 50,000 tonne bulk sampling programme of the 2.697 Ma old Archean Conglomerate. A preliminary tonnage estimate for this conglomerate is in the range of 549 million to 583 million tonnes (press release July 24th 2007). In addition to diamonds, the conglomerate contains gold, sapphires and rubies (press release January 18th 2007). In 2008, additional diamond discoveries, including rare purple diamonds, were made by the Company in rocks of similar type, age (Archean) and geological settings (press release March 3rd, April 10th,& May 13th 2008) in Quebec. The Quebec diamond properties have increased our portfolio of low cost, accessible exploration targets. These diamond discoveries (Ontario and Quebec) are both unique and amongst the oldest diamond-bearing occurrences in the world.

You can also visit our Web Site: www.dianor.com

Version française disponible sur www.dianor.com seulement

Forward-Looking Statements

This news release contains statements that may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable securities legislation. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of Dianor Resources Inc. ("Dianor"). Actual results or achievements may differ materially from those expressed in, or implied by, this forward-looking information. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that Dianor will derive therefrom. Forward-looking information is based on the estimates and opinions of Dianor's management at the time the information is released and Dianor does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Dianor Resources Inc.
    Mr. John Ryder, P. Geo.
    819-825-7545 (FAX)
    Dianor Resources Inc.
    Mr. Daniel Duval
    Chairman of the Board
    819-825-7545 (FAX)
    Resultz Media Group Corp.
    Mr. Tyler M. Troup, B.Comm
    Senior Associate. RMG IR
    519-979-7820 (FAX)