Press Release

2008-12-1

DiaMine Explorations Inc. Implements Second Drill Program

DiaMine Explorations Inc.
675 King Street West #305
Toronto, Ontario
M5V 1M9 Canada

Telephone Number: (416)-847-1524
Toll free North America: (866) 557-8637
Facsimile Number: (41 6)-847- 1526 www.diamineexplorations.com

DiaMine Explorations Inc. Implements Second Drill Program

December 01 – December 18, 2008 DiaMine Explorations Inc. (DIEXF) is pleased to announce that the Company has implemented an additional drill program at two targeted sites, which were drilled 400m apart E-W, Site # 6 near the western end and Site # 10 near the eastern end of the airborne magnetic anomaly.

The same four types of possible KIMs were detected at each site; possible chrome pyrope, orange eclogitic garnet, green chrome diopside and chromite, although the indicator minerals were located in more abundance at Site # 10. The first ten feet of subcrop (bedrock beneath glacial overburden) at Site # 10 was a green breccia, consisting of oval pieces of local buff limestone and highly angular small pink pieces of various limestones and dolostones transported upward from depth and floating in a dense green matrix of altered material now consisting of talc-carbonate-serpentine-quartz and clays.

Morphologically the green breccia has the appearance of a kimberlite breccia. The 10-ft intersection of drill core of green breccia was crushed and heavy minerals and possible KIMs extracted in the usual manner. Three of the four possible KIMs identified in the overburden grains at Site # 6 and Site # 10 were detected in the 10-ft.interval of core of green breccia; possible orange eclogitic garnet, green chrome diopside and chromite. Thirty-five possible KIMs from overburden and bedrock of green breccia from Stes # 6 and # 10 were forwarded to CF Minerals in Kelowna, B.C., arriving on Dec. 9, 2008, for KIM chemical composition determination by S.E.M. and microprobe. The results of these analyses will guide the nature of ongoing exploration.

DiaMine Explorations Inc. is a Canadian exploration company focused on exploring and developing diamond mining interests in the strategic kimberlite regions of Canada. The Company’s exploration programme and team of highly specialized experts will concentrate on securing new opportunities for further exploration and development utilising capital allocation analysis and advanced exploration techniques to maximise value from its current holdings.

For additional information please contact DiaMine Explorations Inc., at 866 557 8637 or by email: info@diamineexplorations.com

FORWARD LOOKING STATEMENT

This news release contains certain statements that may be deemed “forward-looking statements'. All statements in this release, other than statements of historical fact, that address events or developments that the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects', “plans', “anticipates', “believes', “intends', “estimates', “projects', “potential' and similar expressions, or that events or conditions “will',“would', “may ', “could' or “should' occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.

Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.These statements are based on a number of assumptions, including, among others, assumptions regarding general business and economic conditions, the timing of the receipt of regulatory and governmental approvals for DiaMine ’s proposed transactions, the availability of financing for DiaMine ’s proposed transactions and exploration and development programs on reasonable terms and the ability of third-party service providers to deliver services in a timely manner. The foregoing list of assumptions is not exhaustive. Events or circumstances could cause results to differ materially.

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