Changes In Diamcor Management; Appointment Of New Chief Executive Officer, Director

September 18, 2007

KELOWNA, September 18, 2007 – Diamcor Mining Inc. (TSX-V:DMI) (the “Company”) announces that Mr. Dean H. Taylor, the Company’s current Chief Operating Officer, has been appointed by the Board of Directors as President and Chief Executive Officer to replace Mr. Wayne Wolf who has voluntarily resigned as Director and President to pursue other opportunities and to enable the Company to implement management changes recommended by the Board.  The Company wishes to thank Mr. Wolf for his dedication and service.

The Company also announces that it has appointed Mr. Sheldon Nelson to replace Mr. Wolf as a director on the Board.  Mr. Nelson is based in New York City and has served as President, Chief Executive Officer and, until recently, Chairman of the Board of MDU Communications International, Inc., a United States publicly traded Delaware corporation (OTCBB: MDTV) since its start-up inception in 1998.  MDU is a leading provider of communication services to the residential multi-dwelling unit marketplace and under Mr. Nelson’s direction MDU has become a leader in its industry, attracted and closed four significant equity placements, established a growth-based credit facility and merged with and/or acquired the operating assets of eight other companies.  Prior to joining MDU, Mr. Nelson was President of 4-12 Electronics Corporation, a Canadian based provider of products and services to the cable and satellite television industries.  He is a 1983 graduate of Gonzaga University in Spokane, Washington where he graduated from the School of Business Administration, Magna Cum Laude, and was the recipient of the School of Business Administrations’ Award of Excellence.  The appointment of Mr. Nelson is subject to the approval of the TSX Venture Exchange.

Additionally, Mr. Barry Conduit has elected to not seek re-election as a director of the Company.  Mr. Conduit had intended to complete his term as a director of the Company until the Annual General Meeting originally scheduled for September 7, 2007 and has elected to tender his resignation in advance of the re-scheduled Annual General Meeting to be held on October 5, 2007.  The Company wishes to thank Mr. Conduit for his many contributions. 

Pending receipt of TSX Venture Exchange approval and a written consent to act in respect of Mr. Nelson’s appointment, the Board of Directors of the Company will be comprised of Mr. Taylor (Chairman), Dr. Stephen Haggerty, Mr. Darren Vucurevich and Mr. Sheldon Nelson. The composition of the Company’s Audit and Compensation Committees will be reviewed after the Annual General Meeting to be held on October 5, 2007.

About Diamcor Mining: Diamcor Mining is a junior resource company with established operations and production history in South Africa.  The Company is determined to use this established operating history and industry knowledge to increase its current production of diamonds through the development and or, acquisition of additional quality properties in the region. 

For more information please contact:

Mr. Dean H. Taylor
Chief Executive Officer
Diamcor Mining Inc.

Email: DTaylor@Diamcormining.com
Phone: (250) 864-3326
Website: www.diamcormining.com

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