SOURCE: Dolat Ventures, Inc.

December 14, 2009 16:30 ET

Dolat Ventures Inc. Reports Sierra Leone GDP to Grow 4% in 2009

NEW YORK, NY--(Marketwire - December 14, 2009) - Dolat Ventures Inc. (OTCBB: DOLV) announced today that its subsidiary Dove Diamonds & Mining reports that the Sierra Leone economy may grow around 4% in 2009, according to its Finance Minister Samura Kamara. "We had projected (gross domestic product growth) somewhere between 5 and 6 percent, we are now scaling back to 4 percent for 2009 because of the (global) crisis. Hopefully we are climbing back to 5-6 percent next year," he added.

Government officials, including Sierra Leone's President Ernest Bai Koroma, were recently in London promoting Sierra Leone attracting investors to its mining sectors and to agriculture and tourism. Sierra Leone recently passed a new mining act that raises royalties and increases community benefits. The increased royalties rectify post-war deals in the mining sector that were detrimental to Sierra Leone. "Now we are stable and able to benchmark ourselves with other countries, we did not have a good deal. Sierra Leone was already negotiating several hundred million dollars in foreign investment deals in the agricultural sector. The country was looking to win around five more deals over the next six months," stated Sierra Leone trade minister David Carew.

Even former British Prime Minister Tony Blair, who sent British troops into Sierra Leone in 2000 after rebels flouted a peace deal, has also been supporting Sierra Leone through his Africa Governance Initiative. "It is the moment to consider Africa and to consider Sierra Leone, its changes, its potential and of course its opportunity," stated Blair.

Mr. Dovid Hauck, Chief Executive Officer of Dove Diamonds & Mining agrees with the former Prime Minister and added, "Trade Minister Carew's comments and the new mining laws may bring substantial new investments into Sierra Leone in 2010."

About Dolat Ventures Inc. (OTCBB: DOLV)

Dolat Ventures Inc., through its wholly owned subsidiary Dove Diamonds & Mining, intends to sell, market, cut and distribute diamonds and gems around the world. The company intends to purchase rough and uncut diamonds and gems from international suppliers globally. For more information please visit

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