BRC Diamondcore appoints new director and grants stock option grants



    
    TSX: BCD
    JSE: BCD
    

    TORONTO and JOHANNESBURG, South Africa, Sept. 8 /CNW/ - BRC DiamondCore
Ltd. (the "Company") (TSX - "BCD"; JSE - "BCD") announces that Brian Scallan
has been appointed a director of the Company. Mr. Scallan also holds the
position of Vice President, Finance of the Company.
    As required by sections 3.63 to 3.65 of the JSE Limited Listing
Requirements, the following information is also reported:
    The board of directors of the Company has granted to employees, officers,
directors and consultants of the Company a total of 2,420,000 stock options of
the Company (the "Options"), with each such Option entitling the holder to
purchase one common share of the Company at a price of Cdn$1.05 until August
28, 2013. The Options were so granted on August 28, 2008 at a meeting of the
board of directors of the Company, where clearance to deal in terms of section
3.66 of the JSE Limited Listing Requirements was obtained. The Options were
granted pursuant to the terms of the Company's Stock Option Plan and, as
provided for in the said Plan, vest as follows: 1/4 of the Options granted to
each optionee vested immediately on the date of grant and another 1/4 of such
Options will vest on each of the 6 month, 12 month and 18 month anniversaries
of the date of grant.
    The following sets out details of the Options granted to the directors of
the Company:

    
        Name                              Number of Options
        ----                              -----------------
        Michiel C.J. de Wit                    300,000
        Geoffrey G. Farr                       100,000
        Gregory D. Hunter                      100,000
        Arnold T. Kondrat                      250,000
        Brian Scallan                          175,000
        Stephen C. Thomson                     100,000
        Simon F. W. Village                    250,000
    

    The Company is an African-focused diamond explorer active in South Africa
and the Democratic Republic of the Congo. Led by a management team with
extensive experience in diamond exploration and mine development, the Company
has a broad spectrum of projects ranging from advanced stage trial mining
operations through grass-roots exploration. The Company's projects comprise
both prospective alluvial gravels and primary kimberlite targets. The Company
works in a systematic and responsible manner to discover, assess and develop
diamond resources for the benefit of its shareholders and local stakeholders.





For further information:

For further information: please visit our website,
www.brc-diamondcore.com, or contact: In Toronto: Martin D. Jones, Vice
President, Corporate Development, (416) 366-2221 or 1-800-714-7938; In
Johannesburg: James Duncan, Russell and Associates, +27 11 880-3924

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BRC DiamondCore Ltd.

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