October 19, 2005 08:30 ET

eResearch Issues Initiating Report on China Diamond Corp.

TORONTO, ONTARIO--(CCNMatthews - Oct. 19, 2005) - eResearch analyst, Robert Simpson, M.A., has written an Initiating Report on China Diamond Corp. (TSX VENTURE:CDC). China Diamond Corp. is a junior mining company engaged in exploration, development, and production of diamond, gold, and gold-copper properties in China.

In the Report, Mr. Simpson states that, "China Diamond has a producing mine that should soon begin to provide positive cash flow, and has secured numerous joint venture arrangements and licenses for exploration projects."

Mr. Simpson goes on to say, "There is also hidden potential should the Company ever spin off the gold property into a separate company."

eResearch is Canada's primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies. Our focus is on identifying interesting, under-valued, under-covered, and over-looked companies that have interesting prospects, sound management, and significant potential for share price appreciation. We provide the investment community with a consistent, quality source of information and analysis, which has the potential of reaching up to 6 million global investors through our distribution networks. Clients include institutional and retail investors, investment dealers, limited market dealers, and corporations. eResearch does not trade in the securities of the companies it covers, nor does it accept any stock related compensation for research services. eResearch does not engage in retail or institutional sales, trading, or corporate finance activities, nor does it conduct investment banking or investor relations services for the companies covered.

China Diamond Corp. paid eResearch a fee of C$15,000 to conduct research on the Company, on an Annual Continuous Coverage basis.

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