Diamcor Mining Inc. – Share Consolidation Update

November 27, 2006

Kelowna, BC – Diamcor Mining Inc. (TSX-DMI) (the “Company” or “Diamcor”) would like to inform investors that the Company has filed all required documents and articles of amendment with the TSX Venture Exchange to effect the one-for-ten consolidation of Diamcor’s common shares as approved by shareholders at the annual and special meeting on September 15, 2006.  The Company anticipates shares to start trading under the new symbol of DMI on the TSX venture exchange, on a consolidated basis, on Monday, November 27, 2006.

As of November 29, 2006, Pacific Corporate Trust on behalf of the Company will have mailed to all registered shareholders a letter of transmittal relating to the consolidation of its common shares.  To receive certificates representing common shares of Diamcor, on a post-consolidated basis, registered shareholders should follow the instructions set out in the letter of the transmittal and send their pre-consolidation Diamcor common share certificates, together with the letter of transmittal to Pacific Corporate Trust Inc., the registrar and transfer agent of the Company.  Pacific Corporate Trust will then mail back new share certificates to which the registered shareholder is entitled in accordance with the instructions given in the letter of transmittal.  If you are a beneficial holder of Diamcor shares (i.e. you hold your shares through a brokerage account), your broker will be responsible for distributing to you the appropriate number of Diamcor common shares.

For further information, please contact:

Mr. Wayne Wolf
President & CEO
Diamcor Mining Inc.

Phone:      (250) 862-3212
Website:  www.diamcormining.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Statements about the Company’s future expectations and all other statements in this press release other than historical facts are “forward looking statements”. The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from the expected results.