Diagnos Inc.

Diagnos Inc.

April 06, 2006 11:07 ET

Partnership Agreement Between DIAGNOS and US HuntMountain Resources for the Exploration of Gold Properties in Abitibi

BROSSARD, QUEBEC--(CCNMatthews - April 6, 2006) - DIAGNOS inc. ("DIAGNOS" or the "Company") (TSX VENTURE:ADK), a leader in knowledge extraction and artificial intelligence, announced today that it has signed a partnership agreement with HuntMountain Resources, an American mineral exploration company, granting an option to acquire 100 % interest in two prospective gold properties in the Chibougamau and Abitibi regions. The projects consist of 44 claims covering approximately 6,100 acres of terrain known to host high-grade gold deposits within regions that have historically produced approximately 180 million ounces of gold.

HuntMountain Resources will pay DIAGNOS a sum of $17,500 US for each of the two properties ($35,000 US total). An additional $17,500 US worth of HuntMountain Resources' Common Stock for each of the two properties ($35,000 US total) will be issued to DIAGNOS. Furthermore, for each property upon which an economic discovery is made, a bonus of 250,000 shares or cash equivalent up to $500,000 US and a 2% NSR (Net Smelter Return) will be issued to DIAGNOS.

DIAGNOS will assist HuntMountain Resources to find targets by using the technology CARDS (Computer Aided Resource Detection Software), which makes it possible to identify the sites having the same signature as known mines and deposits. Moreover, HuntMountain Resources will have the option to acquire seven additional properties from DIAGNOS in Quebec.

"Several companies express their interest regarding the acquisition of DIAGNOS properties and we are pleased to join an American company interested in conducting a geological work program assisted by CARDS. The management of HuntMountain Resources is proud to make its entry on the mining exploration scene in Quebec, an area which was rated as the fifth most desirable jurisdiction worldwide to conduct mining and exploration operations according to Fraser Institute 2005/06 Policy Potential Index." declared Mr Michel Fontaine, Vice-President - Business Development DIAGNOS.

Moreover, DIAGNOS is currently in partnerships negotiations with several exploration companies on its acquired properties.


DIAGNOS inc. develops and markets data mining software. The Company designed and developed MCubiX, a data mining software suite capable of extracting knowledge from historical data - in the form of images, text or traditional databases - and making predictions that improve business processes and decision making ability. CARDS (Computer Aided Resource Detection Software) can be applied to several sectors of prospecting, such as diamond, gold, zinc, copper and the oil and gas, and each one of these resources require a distinct methodology endorsed by the application. For further information, please visit our Website at www.diagnos.ca.

The Company's objective is to develop a royalty stream by significantly enhancing and participating in the exploration success rate of mining and oil and gas companies.

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

Contact Information