Nordic Diamonds Ltd.

Nordic Diamonds Ltd.

March 05, 2007 10:21 ET

Nordic Diamonds Ltd.: Storsjo Uranium Project Drill Results 1% U3O8 Intersected

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 5, 2007) - Nordic Diamonds Ltd. (TSX VENTURE:NDL), ("the Company or Nordic") is pleased to provide drill results on the Company's Storsjo Uranium Project located in central Sweden, 400 km north northwest of Stockholm.

A program to drill test a number of geophysical targets on the Solvbacktjarn 100 Claim was undertaken and completed in February 2007. Ten targets were drill tested with holes averaging 75 meters in length. The most significant interception was cut in Hole # 06-04 in which 1.1% U3O8, 0.91% Cu, 48 g/t Ag, and 0.25% (Ni) (was intersected over a width of 0.95) metres.

Split core samples were submitted to ALS Chemex in Sweden for multi-element analysis. Several significant intersections were cut and are as follows:

Sample From To U3 O8 Cu Ag Ni
Drill Hole # (m) (m) Length (ppm)(1) %(2) (g/t) (ppm)(1)
Solv-06-01 Sol-001 11.70 12.40 0.70m 117.0 1.92 5.86 206.0
Sol-002 12.40 12.80 0.40m 156.8 1.61 20.20 79.0
Sol-003 12.80 13.70 0.90m 8.6 0.60 6.48 75.8

Solv-06-02 Sol-004 14.80 15.80 1.00m 54.5 0.95 6.66 189.0
Sol-005 15.80 16.75 0.95m 12.7 0.62 8.62 79.9

Solv-06-03 Sol-006 8.75 8.95 0.20m 4.1 114ppm 0.14 14.1
Sol-007 8.95 9.95 1.00m 316.0 0.43 38.10 983.0

Solv-06-04 Sol-008 6.90 8.15 1.25m 4.2 66.8ppm 0.25 18.9
Sol-009 8.15 8.30 0.15m 327.8 0.23 2.45 522.0
Sol-010 8.30 9.25 0.95m 1.1% 0.91 48.0 0.25%

(1) In ppm unless otherwise indicated
(2) In % unless otherwise indicated

No significant mineralization was observed in the final six holes; however a down-hole gamma ray survey is currently being undertaken on all of the holes. Results of this survey will be released upon completion.

The Solvbacktjarn property is comprised of two claims totaling 6,632 hectares and covers six multi-element geochemical anomalies identified by the Swedish Geological Survey during regional sampling programs carried out in the mid 1970's. The Company is planning a summer program of geological mapping, geochemical sampling, prospecting and radiometric testing.

The Solvbacktjarn property is coincident with an area of approximately 75 sq km of highly tectonized PreCambrian rocks. The basement rocks consist of granite mylonites, banded gniesses, amphibolite, and tectonized mafic rocks of the Offerdal Nappe. The PreCambrian rocks are overlain by arkose and quartzites of the Sarv Nappe believed to be emplaced on top of the Offerdal Nappe during the Caledonian orogeny. The uranium, copper, nickel and silver mineralization occurs near the bottom of the quartzite unit similar to the geological setting seen in the Athabasca Basin.

Walter Melnyk, P.Eng., President of Nordic Diamonds Ltd., is a Qualified Person as identified by NI 43-101 and is responsible for the design, implementation and quality control of the Company's exploration programs.


Alvin Jackson, P.Geo, Chairman and CEO

Safe Harbour Statement: The Company relies upon litigation protection for "forward-looking 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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