Standard & Poor's Initiates Factual Stock Report Coverage on Diamcor Mining Inc.

Standard & Poor′s announced today that it has commenced Factual
Stock Report coverage on Diamcor Mining Inc.

Diamcor Mining Inc. (TSX:DMI) is a junior diamond mining company whose
focus is on the identification, acquisition, and operation of quality
near-term production based diamond projects.

Diamcor Mining Inc. engages in the production of diamonds in South
Africa. The company's focus is on the identification, acquisition, and
operation of quality near-term production based diamond projects. Its
strategy is to continue to be a supplier of rough diamonds to reputable
diamond purchasing entities throughout the global diamond market. On
February 28, 2011, Diamcor completed the acquisition of the Krone-Endora
at Venetia Project from De Beers Consolidated Mines Limited. In
addition, as of February 2011, the company retained an 85% majority
ownership position in its South African subsidiary, So Ver Mine (Pty)
Ltd.

On April 8, 2011, Diamcor announced that it had commenced work on the
recently acquired Krone-Endora at Venetia Project. Work programs to be
completed in the short-term consist of a low-cost reverse circulation
drilling program, which will be followed by a planned bulk sampling
program, as recommended by the initial NI 43-101 technical report filed
on the project by the company on July 30, 2009. These initial programs
are designed as a continuation of the work previously completed on the
project by De Beers, and will be used to identify additional resources
in areas of the project not yet accounted for; establish a current
market diamond price estimate for the project; and support the filing of
a new current and updated NI 43-101 technical report by the company in
the coming months. These programs will also be used to identify
potential areas for the company's planned move to trial-mining exercises
in the near term, and to assist Diamcor in arriving at final production
decisions for the project over the long term. Diamcor has established a
long-term strategic alliance and first right of refusal with New
York-based Tiffany & Co. to purchase up to 100% of the future production
of rough diamonds from the Krone-Endora at Venetia Project. To expedite
the production and supply of rough diamonds from Krone-Endora at
Venetia, Tiffany & Co. has also provided the company with additional
financing for the project.

S&P
Factual Stock Report coverage on Diamcor Mining Inc. will also be
accessible on an ongoing basis to the investment community by scores of
buy-side institutions and sell-side firms that utilize S&P research and
information platforms daily. Millions of self-directed investors also
have access to the report via their e-brokerage accounts. Please visit www.diamcormining.comfor additional information.

About Standard & Poor's Factual Stock Reports

This Standard & Poor′s service provides factual research coverage
enabling information about Diamcor Mining Inc. and other
securities to reach a wide investor audience of Buy and Sell-side
investors, helping them understand a company′s fundamentals and business
prospects. Currently profiling over 500 issuers, S&P Factual Stock
Reports increase market awareness for issuers in the investment
community with insightful commentary and key statistics/information.
Updated weekly with the latest pricing, trading volume, and other data,
the reports include recent developments, a financial review, key
operating information, Industry and peer comparisons, institutional
holdings analysis, Street Consensus and opinions, performance charts,
business summary, fundamental data, and news. Because coverage of these
reports is sponsored by the issuer, S&P does not offer investment
opinions concerning the advisability of investing in these stocks.

Standard & Poor′s Factual Stock Reports are produced separately from any
other analytic activity of Standard & Poor′s. Standard & Poor′s Factual
Report research has no access to non-public information received by
other units of Standard & Poor′s. Standard & Poor′s does not trade on
its own account.

Note:All U.S. and Canadian Companies listed on a National
Exchange (not covered by S&P′s STARS research) are eligible to obtain
this coverage.

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Diamcor Mining Inc.

Dean H. Taylor, 250-862-3212

dtaylor@diamcormining.com

or

Standard
& Poor's

Customers:

Richard Albanese, 212-438-3647

richard_albanese@standardandpoors.com

or

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Relations:

Michael Privitera, 212-438-6679

michael_privitera@standardandpoors.com