SOURCE: Dolat Ventures, Inc.

July 14, 2010 15:01 ET

Dolat Ventures -- Millennium Mining to Finalize Installation for Diamond Operations in Sierra Leone

Recent Survey of Sewa River Finds Average 0.40 Carats per Ton With Over 80% Gem Quality Equates to 10 Million Dollars on 100,000 Tons Processed Over Initial Six Month Plan

NEW YORK, NY--(Marketwire - July 14, 2010) -  Dolat Ventures Inc. (OTCBB: DOLV) announced today that its subsidiary Millennium Mining located by the Sewa River in Sierra Leone, has finalized installation of the Company's new wash processing plant to increase diamond production. 

The new plant has two fourteen-feet wash pans and a grease separating system which will increase capacity to 90 tons of gravel per hour. Modern trucks and excavators have replaced the shovels and pick axes of the past century, and wash plant facilities with mechanized rocker boxes and grease tables have facilitated the processing of larger volumes of gravel.

"The first parcel was done on a very small test of 15-20 tons of gravel per day and the diamonds were extracted from the ground by hand and washed in a two-ton wash plant. With the new modern wash line installed the capacity processed increased ten-fold," stated Dovid Hauck, President of Dolat Ventures.

In the survey the largest stone found was six carats and initial tests have averaged 0.40 carats per ton with over 80% gem quality. 

"We expect an increase in the output of our diamond production throughout the third quarter and as we move our operating capacity up to 1500 tons of gravel per day we can expect by using these test numbers to average finding 600 carats of diamonds per day," added Mr. Hauck.

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About Dolat Ventures Inc. (OTCBB: DOLV)
Dolat Ventures Inc. through its wholly owned subsidiary Dove Diamonds & Mining and Millennium Mining LLC intends to mine, sell, market, cut and distribute its diamonds and gems around the world. The company intends to purchase rough and uncut diamonds and gems from international suppliers globally. Millennium Mining LLC incorporated in Sierra Leone as a Private Limited Liability Company on March 3, 2008 and commenced commercial operations after obtaining its license from the Ministry of Mineral Resources (Sierra Leone). The company's core operations are to mine extracted, refine, and purify precious metals and stones. The Company buys, sells, distributes and exports diamond bauxite, rutile gold, silver and all other precious minerals in Sierra Leone and internationally. The company entered into a mining agreement to dredge mine land in the towns of Gandorhun and Njala in the Tikonko Chiefdom, Bo district of Sierra Leone. This area is known as the Baimbawai Pool of the Sewa River. 

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