Diamcor to Present at Rodman & Renshaw Annual Global Investment Conference

TSX.V Symbol (DMI)
OTCQX Symbol (DMIFF)

KELOWNA, BC, Sept. 6, 2011 /PRNewswire/ - Diamcor Mining Inc. (TSX-V.DMI / OTCQX-DMIFF) (the "Company") a historical supplier of rough diamonds to the world market with a proven operational history is pleased to announce that Mr. Dean Taylor will be presenting at the annual Rodman & Renshaw Global Investment Conference taking place at the Waldorf Astoria Hotel in NYC form September 11-13, 2011.  As previously announced, the Company recently acquired the near-term production potential Krone-Endora at Venetia Diamond Project from DeBeers, and established a long-term strategic alliance and financing with world famous New York based Tiffany & Co.

The Company's presentation will take place on September 13, at 4:55 EDT.  A live webcast of the presentation will be available at http://www.wsw.com/webcast/rrshq20/dmi.cn, and on the Company's website at www.diamcormining.com.

In addition to presenting, Management will be participating in one-on-one meetings throughout the conference to discuss the Company's strategic plans for initial rough diamond recoveries and its planned production targets in the coming months and years at Krone-Endora. Interested parties who wish to meet with Diamcor's Management should contact Mr. Christopher Lucas at Rodman & Renshaw.  The Conference will host in excess of 4,000 attendees (including private equity funds, institutional investors, sophisticated private investors and company executives).  Participation in the conference is by invitation only.

About Diamcor Mining Inc:

Diamcor Mining Inc. is a fully reporting publically traded junior diamond mining company which is listed on the TSX Venture Exchange under the symbol V.DMI, and on the OTC QX International under the symbol DMIFF.  The Company has a well-established operational and production history in South Africa, and extensive experience supplying rough diamonds to the world market.  Rather than exposing itself to the high risks and costs associated with exploration, the Company's focus is on the identification, acquisition, and operation of quality near-term production based diamond projects such as the Krone-Endora at Venetia Project recently acquired from DeBeers.  The Company has also established a long term strategic relationship with New York based Tiffany & Co. for the future supply of diamonds from the Krone-Endora Diamond Project.  For additional information on Diamcor, please visit our website at www.diamcormining.com.

About Krone-Endora at Venetia Project:

On February 28, 2011, Diamcor successfully completed the acquisition of the Krone-Endora at Venetia Project (the "Project") from De Beers.  The Project consists of the prospecting rights over the farms Krone 104 and Endora 66, which represent a combined surface area of approximately 5,888 hectares directly adjacent to De Beers' flagship Venetia Diamond Mine in South Africa.  De Beers previously completed various exploration efforts on initial areas of interest comprised of approximately 310 hectares, a summary of which has been reported in an initial Independent NI 43-101 Technical Report filed by the Company on July 30, 2009.  The deposits which occur on the properties of Krone and Endora are proposed to be the result of the combined shift and erosion of an estimated 1,000m (1 km) of material from the higher grounds of the adjacent Venetia kimberlite areas to the lower surrounding areas including those of Krone and Endora.  Since acquiring the Project the Company has completed the drilling of an additional 469 targets, and is targeting a move to large scale bulk sampling and the initial recoveries of rough diamonds from the Project prior to the end of 2011.  Site preparations and the delivery of production related equipment to support this planned move are underway.  The deposits on Krone-Endora occur in two layers with an average total depth of only +/-15.0 metres from surface to bedrock, allowing for a very low-cost mining operation to be employed, and the potential for near-term diamond production from a known high-quality source.  Krone-Endora also benefits from the significant development of infrastructure and services already in place due to its location directly adjacent to DeBeers Venetia Mine.

Strategic Tiffany & Co. Alliance:

As announced on March 29, 2011, the Company has established a long-term strategic alliance with world famous New York based Tiffany & Co. to purchase up to 100% of the future production of rough diamonds from the Krone-Endora at Venetia Project at then current market prices.  To expedite the production and supply of rough diamonds from Krone-Endora at Venetia, Tiffany & Co. also provided the Company with additional financing for the Project.  Tiffany & Co. is a publically traded company which is listed on the New York Stock Exchange under the symbol TIF.  Originally founded in 1837, the Tiffany's name is now globally recognised as one of the premier luxury jewellery and specialty retailers in the world.  Through Tiffany & Co. and various other subsidiaries, the company is engaged in product design, manufacturing, and retailing activities on a global basis.  As of January 31, 2011 Tiffany & Co. operates 233 retail stores and boutiques in the Americas, Japan, Asia-Pacific, and Europe and engages in direct selling through internet, catalog and business gift operations.  For additional information on Tiffany & Co., please visit their website at www.tiffany.com.

On behalf of the Board of Directors

Mr. Dean H. Taylor
President & CEO
Diamcor Mining Inc.
[email protected]

Phone:  (250) 864-3326
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.

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SOURCE Diamcor Mining Inc.