Ownership: 100% Diamonds North

As part of the Company's ongoing commitment to maximize value for its shareholders, Diamonds North continues to assess it large land portfolio for other commodity potential while maintaining its focus on advancing its diamond projects.

A single reconnaissance grab sample collected from a 3 to 5 metre wide oxidized sulfide zone exposed for 50 metres, yielded 5.8 grams per tonne gold. The prospect is located adjacent to a 2 to 3 kilometre diameter granitic intrusion that appears to have been emplaced along a major structure that extends for more than 40 kilometres on Diamonds North's property. The prospect is also less than 5 kilometres from tide water.

As a reconnaissance sample, a gold value of 5.8 grams per tonne is significant. In 2009, the Company plans to verify the sample and attempt to expand the extent of the gold mineralization by prospecting along the structure and the intrusive body.

Based on heavy mineral sample results, the Company has identified numerous other gold opportunities to explore on Amaruk. Exploration plans will be in conjunction with other metal opportunities on Amaruk.