Archangel reports on status of trading halt



    TORONTO, Feb. 12 /CNW/ - Archangel Diamond Corporation ("Archangel" or
the "Corporation") wishes to clarify that the halt in trading in Archangel's
shares on 9 November 2007 by the TSX Venture Exchange (the "Exchange") was put
in place by the Exchange in consultation with the Corporation pending certain
filings by Archangel and the review of the same by Exchange staff. The
Corporation's shares are not suspended, contrary to certain media reports, and
the trading halt was not related to a compliance issue with the Exchange. The
Corporation is unable to comment further at this time.
    Archangel's management continues to consult with Exchange staff as to the
filings to be made prior to the resumption in trading of the Corporation's
shares and the timing thereof. However, a date for any such resumption of
trading will be determined at the discretion of the Exchange and the
Corporation will advise the public at the appropriate time.

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





For further information:

For further information: Jocelyn Fraser, Tel: (604) 731-6164; Archangel
Diamond Corporation, Toronto: Tel: (416) 423-1600,
general@archangeldiamond.com

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ARCHANGEL DIAMOND CORPORATION

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