Motapa Diamonds Inc.

Motapa Diamonds Inc.

October 04, 2005 11:30 ET

Motapa and Stornoway to Commence Work in Botswana

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 4, 2005) - Motapa Diamonds Inc. (TSX VENTURE:MTP) and Stornoway Diamond Corp. (TSX:SWY) are pleased to announce that the companies are commencing exploration on the Sua Pan property in Botswana. Under the terms of an option agreement entered into late April 2005, Stornoway may earn a 50% interest in Motapa's 5.4 million acre diamond property portfolio in Botswana by spending and issuing shares totaling US$3 million over the next 2.5 years.

The 573,000 acre Sua Pan property, located approximately 50 km northeast of the Orapa diamond mine, is dominated by a large dry lake bed which creates an environment that is not conducive to conventional heavy mineral prospecting techniques. Numerous kimberlite indicator minerals, as well as diamonds from five sample locations, have been recovered on the periphery of Sua Pan which suggests the possibility of local kimberlite sources.

The partners are planning to initiate a 1536 km2 airborne gravity survey over the pan using the BHP Billiton proprietary Falcon™ system, towards the end of this month. It is anticipated that the survey will take approximately four to five weeks to complete under a Stornoway-funded budget of approximately US$700,000. Final results from the survey are anticipated before year-end and will be used to generate potential drill targets for 2006.

Botswana is the world's leading diamond producer by value and its mines, Jwaneng, Lethlakhane and Orapa are amongst the most profitable. The country is democratically ruled, boasting a growing economy and a stable political environment.

Motapa is among the leading diamond explorers in Africa and controls over 13 million hectares (approximately 32 million acres) of diamond prospective properties located in Namibia, Zambia, Botswana, Gabon and Mozambique. Motapa's Chairman, Dr. John Gurney, is one of the world's leading authorities in the field of geochemical exploration for diamondiferous kimberlites and has been associated with successful diamond exploration programs around the world, including the discovery of the kimberlites that comprise the Ekati™ diamond mine.

Stornoway is one of Canada's premier diamond exploration companies with extensive landholdings (approximately 29 million acres) focused in key project areas in northern Canada and Botswana. Stornoway has been involved in the discovery of 61 kimberlites since 2002. Stornoway will directly spend more than $15 million (Cdn) to explore its properties and, together with its partners, will be exposed to more than $22 million (Cdn) in exploration expenditures in 2005.

The Botswana exploration program is conducted under the direction of Robin Hopkins, P.Geol. (NT/NU), a Qualified Person under NI 43-101.

On behalf of the Board


Dr. Larry Ott, Chief Executive Officer

This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control, that may cause actual results or performance to differ materially from those currently anticipated in such statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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