Patrician Diamonds Inc.

Patrician Diamonds Inc.

May 12, 2008 11:25 ET

Patrician Diamond Inc./Diamond Drilling Starts: Doctor Lake (Sahtu) Project

OTTAWA, ONTARIO--(Marketwire - May 12, 2008) - Patrician Diamonds Inc. (TSX VENTURE:PXC) ("Patrician") is pleased to announce that the Company has started its diamond drilling program near Doctor Lake in the Sahtu District of the Northwest Territories. The first hole is situated on the northern part of the Northside Anomaly, which has a bedrock magnetic signature of over 100 hectares.

The program of core drilling will further evaluate the Hillside Kimberlite and will test other large magnetic anomalies in the vicinity of Hillside. The other magnetic anomalies that lie along two structural corridors east and southwest of Hillside are circular, oval and elongate in shape and range in area from about five hectares to over 20 hectares. Several have widths in excess of 500 metres. At least six targets will be tested with a total of eight to ten holes in this phase of drilling.

Mr. C. Stewart Wallis, P.Geo. is the qualified person for Patrician under National Policy 43-101.

"The statements in this Press Release may contain forward looking statements that involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. The TSX Venture Exchange has not approved or disapproved of the information contained in this Press Release."

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