Diamcor Mining Inc. Announces Closing Of So Ver Land Sale

July 6, 2009

JULY 6, 2009, KELOWNA, BC – Diamcor Mining Inc. (TSX-V:DMI) (the “Company”), today announces that it has now completed the Sale of Land Agreement (“SOL Agreement”) for a portion of the landholdings held in the Company’s So Ver Mine (Pty) Ltd. (“So Ver”) subsidiary as previously announced on May 20, 2009.

The SOL Agreement for landholdings measuring 513.9192 hectares was exclusive of the mining licences and rights for the area which the Company still holds, allowing it, or a new potential owner, to conduct mineral exploration on the areas of the So Ver Farm permitted by such mining licences and rights.

The purchase price for the portion of the landholdings divested was R 2,000,000 (Approx. $296,000.00 Cnd) and the Company is continuing its discussions with various interested parties for the potential purchase of the So Ver Mine (Pty) Ltd. entity and remaining associated landholdings of the So Ver Farm. Management of the Company has reviewed all aspects of this transaction and has determined it to be an exempt transaction pursuant to TSX Venture Exchange policy and therefore not requiring TSX Venture Exchange review or approval. The proceeds of the transaction will be applied to the general working capital of the Company.

Diamcor Mining is a junior resource company with established operations and production history in South Africa. The Company is determined to use its established operating history, industry knowledge, and proprietary relationships to acquire and develop quality diamond properties in the region.

On behalf of the Board of Directors

Mr. Dean H. Taylor
Diamcor Mining Inc.

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

This press release contains certain forward-looking statements. While these forward-looking statements represent our best current judgement, they are subject to a variety of risks and uncertainties that are beyond the Company’s ability to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Further, the Company expressly disclaims any obligation to update any forward looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. This news release is not for dissemination in the United States, to “U.S. Persons” or to United States of America news services.


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