Diamcor To Proceed With Share Consolidation


KELOWNA, BC, Sep. 27, 2006 (Canada NewsWire via COMTEX News Network) -- << TSX.V Symbol (DMR) >>

In accordance with a special resolution that was approved by shareholders at its recently held Annual General Meeting, Diamcor Mining Inc. announces that it will be proceeding with a share consolidation whereby every ten pre-consolidation common shares will be exchanged for one post-consolidation common share. The Company will not be changing its name in connection with the consolidation.

Management believes that the share consolidation will enable it to attract new capital in order to finance existing and potential projects.

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.

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

SOURCE: Diamcor Mining Inc.

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