BRC Diamond Corporation - Grant of stock options

    TORONTO, Aug. 3 /CNW/ - BRC Diamond Corporation ("BRC" or the "Company")
(TSX.V - "BRC") announces that it has granted, pursuant to the terms of the
Company's stock option plan, 230,000 stock options, each such stock option
entitling the holder to purchase one common share of the Company at a price of
Cdn$8.00 for a period of five years.

    BRC is a Canadian-based diamond exploration company focused principally
in the Democratic Republic of the Congo (the "DRC"). Led by a management team
with extensive experience in the DRC, the Company is active in some of the
most prospective diamond regions of the country. Banro Corporation, the
Company's largest shareholder with a 27.5% interest in BRC, is a mineral
exploration company focused exclusively on the DRC.

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

For further information:

For further information: Arnold T. Kondrat, Executive Vice President, or
Martin D. Jones, Vice President, Corporate Development, at (416) 366-2221

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BRC DiamondCore Ltd.

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