April 04, 2007 09:23 ET

Ditem Explorations: Update on Beartooth Project, Athabasca Basin

MONTREAL, QUEBEC--(CCNMatthews - April 4, 2007) - Ditem (TSX VENTURE:DIT) reports that ground geophysical surveys for the uranium exploration project currently in progress on the Beartooth Island Project in the Athabasca Basin in Saskatchewan should be completed shortly.

The MT Logger Survey ground geophysical follow-up program of resistivity and chargeability mapping is nearing completion. The first priority target area centered over Beartooth Island is expected to be completed over the next two days. The two remaining priority target area grids are located immediately to the east and northeast of Beartooth Island and are expected to be completed within one week dependant on weather conditions or survey delays (Refer to the February 19, 2007 press release for background information).

The exploration objective of the MT Logger survey at the Beartooth Island Prospect is to detect graphitic metasediments and fault structures in the basement below the unconformity as well as alteration zones (plumes) in the sediments above the unconformity potentially related to uranium mineralization.

A 1,800 metre diamond drill program and downhole geophysical surveying is planned contingent on the results received from the ground geophysical survey. Further follow-up work is contemplated such as electromagnetic and marine seismic surveys on portions of the property if so warranted.

According to the terms of the option agreement, Ditem may earn an initial 50% interest by incurring aggregate exploration expenditures of $1,000,000 over three years. In the fourth year of the agreement, Ditem may then elect to increase its interest by 10% (to an aggregate 60% interest) by incurring an additional $2,000,000 in exploration expenditures. Finally, the company may then enhance its position by acquiring an additional 6% interest (aggregate 66%) in the property provided that it deliver a bankable feasibility study within 10-years from the signing of the final agreement. Golden Valley is operator during the option period.

Michael P. Rosatelli, M. Sc., P. Geo., is the designated Qualified Person responsible for the preparation of this release.

The TSX Venture Exchange has neither approved nor disapproved the information contained in this press release.

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