Diamcor Mining Inc. - Shares for debt settlement - accepted



    /THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES, TO
    "U.S. PERSONS" OR TO UNITED STATES OF AMERICA NEWS SERVICES/

    TSX.V Symbol (DMI)

    KELOWNA, BC, Nov. 5 /CNW/ - Diamcor Mining Inc. (TSX-V:DMI) (the
"Company") announces that the TSX Venture Exchange has accepted for filing,
and the Company has completed its previously announced shares for debt whereby
it settled a total of $40,810 in debt through the issuance of 68,017 shares at
a deemed value of $0.60 per share. There were no warrants associated with the
settlement and the common shares issued are subject to a 4 month hold period
and may not be traded until March 6, 2008.

    On behalf of the Board of Directors
    Mr. Dean H. Taylor
    CEO
    Diamcor Mining Inc.
    DTaylor@Diamcormining.com

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

    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.

    WE SEEK SAFE HARBOUR




For further information:

For further information: Mr. Dean H. Taylor, CEO, Diamcor Mining Inc.,
DTaylor@Diamcormining.com, Phone: (250) 864-3326, Website:
www.diamcormining.com


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