2007


Diamcor Mining Appoints New President and Chief Operating Officer

 

KELOWNA, BRITISH COLUMBIA, March 22, 2007 – Diamcor Mining Inc. (TSX-V:DMI) (“Diamcor” or the “Company”) is pleased to announce that Mr. Dean H. Taylor has been appointed President and Chief Operating Officer of Diamcor Mining. Mr. Taylor will also join Diamcor’s Board of Directors. This addition to the current management team is aimed at enhancing Diamcor’s ongoing efforts to acquire and develop new projects and opportunities in the Republic of South Africa and to effectively manage that growth and thus increase shareholder value. Mr. Taylor is currently President and CEO of Okanagan Valley Business Consulting Ltd. (“OVBC”) a private consulting firm that provides executive level consulting services to clients in both the private and public sector. Prior to establishing OVBC, Mr. Taylor was the founding member of several successful private businesses and held various executive level positions with public companies in Canada and the United States where he managed both growth related acquisitions and operational project management.

In addition to Mr. Taylor’s fifteen years experience in operational and project management, he has served as an active consultant to Diamcor for the past two years concentrating on corporate structure, operational planning, international relations and analysis of business development opportunities in South Africa. Mr. Taylor commented, “Having been involved with Diamcor as a consultant, I am familiar with the Company’s operations and potential business opportunities which will negate any learning curve. I have also been fortunate enough to visit Diamcor’s operations in South Africa and believe that my experience in identifying and implementing business development plans will be of significant benefit to the Company.” Mr. Taylor will report to current CEO Wayne Wolf, and to the Board of Directors.

Diamcor Mining is a junior mining and exploration company with active operations and established key strategic relationships within the Republic of 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 acquisition of additional quality properties in the region. The Company operates offices in both Canada and South Africa. Diamcor’s securities trade on the Toronto Stock Exchange (V:DMI). For more information about Diamcor Mining Inc., please visit our website at www.diamcormining.com.

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

Forward Looking Information:

This release includes certain forward-looking statements including, without limitation, statements concerning Diamcor’s future plans and positions, business strategy, proposed transactions, projected costs and plans and objectives of management for future operations. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "plans," or "continue" or the negative thereof or variations thereon or similar terminology. Although Diamcor believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These forward-looking statements are subject to a number of risks and uncertainties, and actual results could differ materially from those anticipated in these forward-looking statements.


For further information please contact:

Mr. Wayne Wolf, Chief Executive Officer
Diamcor Mining Inc.
Tel: (250) 862-3212