Archangel appoints Computershare as registrar and transfer agent and files amended Technical Report



    TORONTO, June 18 /CNW/ - Archangel Diamond Corporation ("Archangel" or
the "Corporation") announces that, effective June 13, 2008, the registrar and
transfer agent of the Corporation changes from Pacific Corporate Trust Company
to Computershare Trust Company of Canada ("Computershare"). The Corporation's
register of shareholders and register of transfers for the common shares of
the Corporation will be kept at the principal office of Computershare in
Toronto, Ontario at 100 University Avenue, Toronto, Ontario, M5J 2Y1.
    The Corporation has also filed an amended NI 43-101 compliant technical
report (the "Amended Technical Report") dated June 4, 2008 on the Grib
Kimberlite Pipe, Verkhotina Licence Area, Arkhangelsk Oblast, Russian
Federation. The Amended Technical Report addresses drafting and formatting
comments received in connection with the TSX Venture Exchange's review of the
original Technical Report dated April 8, 2008. A copy of the Amended Technical
Report is available for review with other Archangel disclosure documents
through the Internet under Archangel's company profile on the Canadian System
for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.
    This news release is not an offer for the sale of securities in the
United States. This news release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the securities
in any state in which such offer, solicitation or sale would be unlawful.

    CAUTIONARY NOTE TO SHAREHOLDERS CONCERNING FORWARD LOOKING STATEMENTS AND
FINANCIAL PROJECTIONS - This news release contains "forward-looking
statements", within the meaning of applicable Canadian securities legislation.
Forward-looking statements include, but are not limited to, statements with
respect to the outcome of future negotiations, execution of definitive
agreement, requirements for additional capital, government regulation, risks
associated with diamond exploration, risks associated with diamond marketing,
legal risks, political risks, environmental risks and title disputes.
Generally, these forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not expect",
"is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual outcomes, results,
level of activity, performance or achievements of Archangel Diamond
Corporation to be materially different from those expressed or implied by such
forward-looking statements, including but not limited to: risks described in
the above press release; those risks set out in Archangel's disclosure
documents and its annual, interim management discussion and analysis and
annual reports. Although Archangel has attempted to identify important factors
that could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements. Archangel does not undertake to update any forward-looking
statements that are incorporated by reference herein, except in accordance
with applicable securities laws.

    THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
    OR ACCURACY OF THIS RELEASE





For further information:

For further information: Ms. Jocelyn Fraser, Archangel Investor
Relations, Vancouver, British Columbia, Canada, Tel: (604) 731-6164,
jocelyn.fraser@communicate-pa.ca

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ARCHANGEL DIAMOND CORPORATION

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