Sanatana Diamonds Inc.

Sanatana Diamonds Inc.

June 11, 2007 11:00 ET

Sanatana Diamonds Inc. Appoints New Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 11, 2007) - Sanatana Diamonds Inc. ("Sanatana" or the "Company") (TSX VENTURE:STA)(AIM:SAN) is pleased to announce the appointment of Simon J. Anderson as the Company's Chief Financial Officer.

Mr. Anderson is a Chartered Accountant and has a broad range of experience. He works with several Canadian and US listed companies and has prior experience as a partner with an international accounting and consulting firm practicing in the areas of business valuation, mergers and acquisitions and business planning services. Mr. Anderson has lectured to the Canadian Institute of Chartered Business Valuators and the American Society of Appraisers on valuation matters.

Mr. Anderson, as CFO, will oversee all of the Company's financial, corporate governance and public disclosure matters. His appointment will be effective June 30, 2007.

Mr. Stephen Woodhead has resigned and in the interim Ellie Jackson, CGA, is acting as the Company's CFO.

About the Company

Sanatana Diamonds Inc. is focused on the exploration of its Mackenzie Diamond Project located north of Great Bear Lake and approximately 700 kilometres northwest of Yellowknife, in the Northwest Territories of Canada. Sanatana currently holds approximately 5.9 million acres of ground under claims and permits, reduced from 16.5 million acres last year as the company further hones in on selected geochemical and geophysical targets. The Sanatana Mackenzie project is a joint venture between Kennecott Canada Exploration Inc. and Sanatana Diamonds Inc., where Sanatana operates and Kennecott has a contributing 15% interest. As part of the Joint Venture arrangement Kennecott has made available one of their project geologists and a geophysicist from their pool of experienced staff. Sanatana Diamonds, headquartered in Vancouver, is dual listed on the AIM Market of the London Stock Exchange plc and Toronto Venture Exchanges (TSX VENTURE:STA)(AIM:SAN).

Neither the AIM Market of the London Stock Exchange plc nor the TSX Venture Exchange has reviewed, nor accepts responsibility for, the adequacy or accuracy of this release.

Contact Information

  • Sanatana Diamonds Inc.
    Mr. Peter Miles
    President and Chief Executive Officer
    (604) 408-6680 or Toll Free: 1-877-881-6680
    (604) 408-6682 (FAX)
    Insinger de Beaufort (Nominated Adviser)
    Jasper Allen/Joe Lunn
    +44 207-190 7000