Dianor Resources Inc.

Dianor Resources Inc.

October 23, 2006 16:42 ET

Dianor Resources Inc. Announces Grant of Stock Options

VAL D'OR, QUEBEC--(CCNMatthews - Oct. 23, 2006) - 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 on October 13, 2006, its Board of Directors granted stock options in respect of an aggregate of 550,000 common shares to six of Dianor's directors and senior officers, at an exercise price of $0.70 per share, representing the closing price of Dianor's shares on the TSX Venture Exchange on October 12, 2006. At the same time, the Board of Directors also granted stock options in respect of an aggregate of 100,000 common shares to five of Dianor's employees and consultants, also at an exercise price of $0.70 per share. All of the stock options were granted pursuant to Dianor's stock option plan.

Dianor is an innovative exploration company focused on diamond exploration. The Company has entered into option/joint ventures in Quebec and Ontario with numerous exploration companies to explore for and discover diamond deposits.

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.

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