Patrician Diamonds Inc.

Patrician Diamonds Inc.

November 27, 2006 15:20 ET

Patrician Diamonds Inc. Stock Option Grant and R. Schellenberg Appointed to the Board

OTTAWA, ONTARIO--(CCNMatthews - Nov. 27, 2006) - Patrician Diamonds Inc. (TSX VENTURE:PXC) announced today that it has granted 1,950,000 stock options to certain directors, officers and contractors. The options are exercisable at a price of $0.10 per share to 01 November 2011.

Patrician Diamonds Inc. is also pleased to announce the appointment of Robert Schellenberg as a director to the Board. Mr. Schellenberg, as a lawyer and CPA, brings with him a wealth of experience in the area of litigation, mergers and acquisitions and accounting.

Patrician is an exploration stage junior mining company focused on identification, acquisition and evaluation of diamond- prospective mineral properties in Canada. Dr. J. M. Franklin, P. Geo, FRSC, is a director of the Company and is a Qualified Person as defined by National Instrument 43-101.

For maps and additional information about property location and technical details, please visit Patrician's web site at

"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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