SOURCE: Dolat Ventures, Inc.

July 12, 2012 08:15 ET

Dolat Ventures Looks to Add Additional 125 Acres of Diamond Mining Leases in Sierra Leone

NEW YORK, NY--(Marketwire - Jul 12, 2012) - Dolat Ventures Inc. (OTCBB: DOLV) diamond development company focused on West Africa, is currently looking to add 125 additional acres of diamond mining leases.

Dovid Hauck, President of Dolat Ventures, commented, "With Dolat Ventures' success in its initial samplings of the baimbawai pool on the Sewa River, we are looking to expand our mining site and lease additional adjacent acres. Preliminary estimates have additional acreage averaging 0.20 carats per ton."

He added, "It would be best to lease adjacent acres, so there are more acres in the river above and below our site and more acreage going inland, which is called terrace mining. So far, the few times we have taken additional acres, the samplings and gravel have been comparable to the baimbawai gravel."

Bulk Sampling Plans and Possible Results
The Company intends to accurately measure each sample and the specific gravity and moisture content will be carefully determined in order that the dry tonnage may be calculated. Expectations of a diamond parcel weighing 500+ carats may achieve an average value of $48/ct. On the basis of planned larger samples, the average diamond value could increase to $70/ct. It may be decided to increase the size of the bulk sampling to provide a larger diamond parcel on which to base a more confident diamond valuation. Dolat intends to be able to process up to 5 tonne per hour with diamond recovery being achieved by X-Ray Flowsort with grease back up in secure conditions and under observation from the Government Mines Monitoring Officer.

Dolat's Millenium Mining is located in the Sewa River, located in the heart of Sierra Leone, formed by the junction of the Bagbe and Bafi rivers; it flows 150 mi (240 km) to join the Waanje River and form the Kittam, which empties into the Atlantic Ocean. The country's most important commercial river, it has historically produced the bulk of Sierra Leone's diamond exports.

About Dolat Ventures Inc. (OTCBB: DOLV)
Dolat Ventures Inc. through its wholly owned subsidiary Dove Diamonds & Mining intends to sell, market, cut and distribute its diamonds and gems around the world. The company intends to wholesale its rough and uncut diamonds and gems to globally.

Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission.

These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

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