SOURCE: Tamija Gold & Diamond Exploration, Inc.

November 28, 2006 09:57 ET

Tamija Gold & Diamond Exploration Inc. Signs Joint Venture Arrangement With The Central African Republic

HOLLYWOOD, FL -- (MARKET WIRE) -- November 28, 2006 -- Tamija Gold & Diamond Exploration, Inc. (PINKSHEETS: TMJG), a multi-faceted resource and exploration company specializing in the exploration and recovery of diamonds and gold, is pleased to announce the execution of a joint venture between Tamija Resources Central Africa, LLC, a wholly owned subsidiary of Tamija Gold & Diamond Exploration, Inc., and The Central African State ("Central African Republic") in the form of a Convention of Mining Development (the "Convention").

The Convention encompasses all facets of the mining cycle including research, exploration, exploitation, marketing and sale of mineral substances within the Company's territories in and around the cities of Bria and Boda. More specifically, it addresses issues relating to permitting and licensing, legal, financial, taxation, economics, administration, customs and social awareness. Under the terms of the Convention, the Company will be granted, for a period of twenty-five years, the exclusive right to explore, develop, exploit, extract, treat, market and sell on the international markets diamonds, gold and other mineral substances extracted from within its territories.

The Company is very pleased with the terms of the Convention and the manner in which the government handled the negotiations. Not only does the Convention provide complete licensing throughout its twenty-five year term, it also provides for the addition of more territories for research and exploitation according to availability. This type of agreement has been issued on a very limited basis to only four other entities including DeBeers for Kimberlite diamonds and Axmin for gold. To the best of the Company's knowledge, it is the first to obtain a Convention for the exploitation of both gold and diamonds.

Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Tamija Gold & Diamond Exploration, Inc. undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

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