Diamcor Grants Incentive Stock Options


KELOWNA, September 17, 2007 – Diamcor Mining Inc. (TSX-V:DMI) (the “Company”) reports that it has granted an aggregate of 305,000 incentive stock options to certain officers, directors, employees and consultants pursuant to the Company’s Stock Option Plan as approved on September 15, 2006 and subsequently accepted by the TSX Venture Exchange. All options are exercisable for a period of five years expiring September 17, 2012 at an exercise price of $0.50 per share. No shares acquired upon exercise of the options may be traded prior to the expiry of a mandatory four month “hold” period from the date of the option grant.

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
President and Chief Operating 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.