TORONTO, ONTARIO -- (Marketwire) -- 08/17/10 -- Vaaldiam Mining Inc. ('Vaaldiam' or the 'Company') (TSX: VAA) reports that, for the second quarter ended June 30, 2010, it incurred a net loss of $1,682,000 or $0.02 per share compared to a net loss of $2,231,000 or $0.05 for the same period in 2009.