Diamcor Announces Q4 Diamond Sale Results

Diamcor Mining Inc. (TSXV:DMI, OTCQX:DMIFF) reported that it participated in two rough diamond tenders generating gross revenues of $1,330,689.00 (US) during the fourth quarter of fiscal 2014 ended March 31.  Total gross proceeds for the fourth quarter of fiscal 2014 included proceeds from the sale of the previously announced 43.9 carat diamond recovered during the period which sold for$317,924.10 (US), or $7,242.01 (US) per carat.

To date, the Company has tendered and sold a total of 19,807.25 carats generating total gross proceeds of $4,544,420.00 (US), or $229.43 (US) per carat on average. The recovery of all rough diamonds to date, including those recovered and sold during the three month period ended March 31, 2014, was incidental to the ongoing commissioning and testing exercises being performed at the Company’s Krone-Endora at Venetia Project. The above-noted testing exercises and incidental recoveries do not form part of the initial NI43-101 Technical Report filed by the Company on July 30, 2009, and thus no general grade, price, or quality determination is intended by the Company at this time due to the nature and purpose of the processing of this material.

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