ARNOLD T. KONDRAT - ACQUISITION OF SHARES

TORONTO, June 24, 2011 /CNW/ - Arnold T. Kondrat announces that he has acquired on the Toronto Stock Exchange an additional 984,500 common shares (the "Purchased Shares") of BRC DiamondCore Ltd. (the "Company") at a price of Cdn$0.13 per share.  The Purchased Shares represent 0.99% of the outstanding common shares of the Company.  Taking into account the acquisition of the Purchased Shares, Mr. Kondrat now owns 11,272,400 (or 11.34%) of the outstanding common shares of the Company.  He also holds 8,000,000 common share purchase warrants of the Company and 450,000 stock options of the Company such that, assuming the exercise of these warrants and stock options, he would hold on a fully diluted basis, 19,722,400 (or 18.29%) of the outstanding common shares of the Company. 

Mr. Kondrat acquired the shares for investment purposes and may in the future increase or decrease his ownership of securities of the Company from time to time depending upon the business and prospects of the Company and future market conditions.

Mr. Kondrat is a director of the Company. His address is Suite 7070, 1 First Canadian Place, 100 King Street West, Toronto, Ontario, M5X 1E3, Canada.

SOURCE BRC DiamondCore Ltd.

For further information:

Arnold T. Kondrat
Phone: (416) 366-2221
Fax: (416) 366-7722

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BRC DiamondCore Ltd.

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