Patrician Diamonds Inc.

Patrician Diamonds Inc.

June 13, 2007 11:36 ET

Patrician Diamonds Inc.: Dr. Franklin Resigns, Stewart Wallis New Director, Options Granted

OTTAWA, ONTARIO--(Marketwire - June 13, 2007) - Robin Dow, Chair and CEO of Patrician Diamonds Inc. (TSX:PXC) announced today that Dr. James M. Franklin, P. Geo, FRSC, has resigned from the Patrician Board of Directors, having served since January of 1998. Dr. Franklin has indicated he wants to spend more time on his consulting work, including providing guidance on Phoenix Matachewan Mines Inc.'s various projects, including its Steel River property in northern Ontario, Barville property in Quebec and Bottle Creek property in Nevada. The Board has greatly appreciated Dr. Franklin's advice over the last 9 years, and wishes him well in all his endeavours.

Stewart Wallis, P. Geo, has agreed to join the board. Mr. Wallis is an independent consulting geologist with over 35 years of international experience. Most recently, he was General Manager of the Vancouver office for Scott Wilson Roscoe Postle Associates Inc. Prior to that, Mr. Wallis worked internationally for a number of consulting companies involved in due diligence, project evaluations and feasibility studies throughout the world. During his tenure with several large Canadian mining companies, Mr. Wallis was involved in the discovery, acquisition and development of several gold deposits.

More recently he has carried out due diligence on numerous uranium projects in the United States, Africa, Europe and the former Soviet Union countries. Mr. Wallis has a geology degree from McMaster University and is a member of the Association of Professional Engineers and Geoscientists of Saskatchewan and British Columbia in addition to being registered as a Professional Geologist in Wyoming. He is currently a Director of Crosshair Exploration & Mining Corp., a listed company carrying out gold and uranium exploration in Labrador and Newfoundland and President and a director of Target Exploration & Mining Corp.

Mr. Wallis has been granted 250,000 options at a strike price of $0.11 per share to 15 June 2012.

"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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