Talmora Diamond Inc.
CNSX : TAI

June 10, 2010 12:17 ET

Talmora Diamond-Issues Options for Directors and Officers and Annual General Meeting

TORONTO, ONTARIO--(Marketwire - June 10, 2010) - Talmora Diamond Inc. (CNSX:TAI) announces that it has granted a total of 1,400,000 incentive stock options to the directors and officers of the Company exercisable at a price of $0.05 per share expiring five years from the date of grant.

At the Annual General Meeting held on June 8, 2010, 50.34% of the Company's votes were cast in person or by proxy and unanimously approved the Financial Statements for the year ended December 31, 2009, elected Raymond Davies, Richard M. Hogarth, Joan E. Fiset and Leslie C. Little as Directors of the Company and re-appointed the Company's Auditor, McGovern, Hurley, Cunningham, Chartered Accountants, for the ensuing year. Following the formal business of the meeting a presentation of the Company's exploration program was made to all the sharesholders in attendance. Data presented in the President's Message to the shareholders and the Press Release of June 2, 2010 was reviewed and discussed. Highlights are:

The Lena West area of the new MacKenzie craton has indications of a major diamond field.

Talmora property contains many magnetic anomalies with characteristics of kimberlite pipes.

Talmora magnetic anomalies show strong association with kimberlite indicator minerals (KIMs)

The property lies on a major regional structure associated with diamondiferous kimberlites.

Mantle focused morphostructure encloses the property favouring multiple kimberlite intrusions.

High Mg:Ca ratio (2:1) in tills down-ice of property explained by large amount of kimberlite.

No kimberlite discovery to explain numerous KIMs and unprecedented 18 diamonds to W & N.

KIMs W of Talmora have uniform compositions over wide area as if from more restricted area.

Evidence that KIMs W of Talmora are derived from Cretaceous sediments transported from E.

KIMs to W don't match Slave & Greenhorn (SE) or Darnley Bay (NE) but do match Talmora (E).

Talmora on high ground outside but near edge of the Cretaceous basin.

Evidence points to Talmora as the source of KIMs in Cretaceous rocks to W & N.

Talmora the only area not yet tested by drilling.

The technical information contained in this release was compiled by Raymond Davies Ph.D., P.Eng., who is the President of Talmora and is a qualified person as defined by National Instrument 43-101.

CAUTIONARY STATEMENT

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Talmora, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Talmora's expectations are exploration risks detailed herein and from time to time in the filings made by Talmora with securities regulators.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contact Information

  • Talmora Diamond Inc.
    Raymond Davies
    President & CEO
    416-491-6771