BRC DiamondCore fifth open tender of 959.46 carats realises US$992,555

    TORONTO and JOHANNESBURG, South Africa, Aug. 8 /CNW/ - BRC DiamondCore
Ltd. (the "Company") (TSX - BCD; JSE - BCD) is pleased to announce that
diamonds from the Company's Silverstreams alluvial and Paardeberg East
kimberlite trial mining projects in South Africa's Northern Cape Province
totalling 959.46 carats were sold at the Company's fifth tender sale and
realised US$992,555. This compares with US$668,845 realised from the sale of
stones from these projects totalling 1,325.60 carats at the Company's previous
tender sale.


    -   A 40.41 carat white frosted dodecahedron from Silverstreams sold for
        US$10,118 per carat.

    -   A 33.75 carat faint brown dodecahedron from Paardeberg East sold for
        US$4,317 per carat.

    -   Overall average price of US$1,035 per carat achieved - up 100% on
        previous tender.

    -   Silverstreams alluvials:

        -   282.91 carats sold
        -   average price of US$2,615 per carat achieved - up 100% on
            previous tender

    -   Paardeberg East kimberlite:

        -   676.55 carats sold
        -   average price of US$374 per carat achieved - up 92% on
            previous tender
        -   PK5 kimberlite continues to yield high gem content, as indicated
            by the high average value of US$404 per carat achieved

    Company President, Dr. Mike de Wit, commented: "The higher prices
received point both to an encouraging improvement in the prices of diamonds
recovered from Silverstreams and Paardeberg East and perhaps to a further
tightening of diamond supplies in the international market."
    The diamond analysis data, including independent diamond valuations and
prices received on the open tender conducted by the Company, is being used to
underpin the economic metrics of both projects.
    The services of an independent diamond consultant, Mr. Ramon Ferraris of
QTS-Kristal Dinamika, are retained to audit the bulk sampling plants, bulk
sampling process and diamond analysis on both the Paardeberg East and
Silverstreams sites. The tender was overseen by Mr. Ferraris and an additional
independent diamond consultant to the Company, Mr. Maurice Barker.

                           TOTAL             AVG. SIZE    TOTAL   AVG. VALUE
                          WEIGHT    STONES  (CARATS PER   VALUE    (US$ PER
    SITE                 (CARATS)  (NUMBER)    STONE)     (US$)      CARAT)
    SILVERSTREAMS         282.91      152       1.86     739,738     2,615

    Silverstreams 'special stones' (+10.8 carats in size) totalled
79.90 carats (comprising 28% by weight) and achieved a value of US$511,492
(comprising 69% by value).
    Besides the 40.41 carat stone referred to under "Highlights" above, these
included a 16.52 carat white irregular dodecahedron, which sold for
US$2,703 per carat, and a 12.00 carat yellow irregular dodecahedron, which
sold for US$4,348 per carat.
    Other high value stones from Silverstreams were a 9.92 carat off-white
octahedron, which sold for US$5,039 per carat, a 6.41 carat white irregular
dodecahedron, which sold for US$2,694 per carat, a 6.27 carat fancy yellow
flat dodecahedron, which sold for US$2,282 per carat, and a 4.14 carat vivid
yellow dodecahedron, which sold for US$8,486 per carat.
    The diamond analysis of the product from various trenches on the
Silverstreams bulk sampling site was undertaken by the independent consultants
on an ongoing basis during 2008. The sample size comprised 152 stones and the
size frequency distribution of the diamond population recovered from the
various sampling trenches indicated a plot typical of a Middle Orange River
deposit. Such deposits tend to be characterized by the recovery of large
    Specifically, the current size frequency distribution of Silverstreams is
plotting to the right of the consolidated graph of the deposit. If production
remains in the same geological area there is a high probability of more coarse
diamonds of plus 50 carats being found. This opinion is also supported by the
plus 2 carat data from the forecasting analysis.

                           TOTAL             AVG. SIZE    TOTAL   AVG. VALUE
                          WEIGHT    STONES  (CARATS PER   VALUE    (US$ PER
    SITE                 (CARATS)  (NUMBER)    STONE)     (US$)      CARAT)
     - PK5                602.91    1,847      0.33      243,285       404
     - PK1 WEST            44.98      195      0.23        4,171        93
     - PK2                 28.66      133      0.22        5,361       187
    TOTAL                 676.55    2,175      0.31      252,817       374

    The PK5 kimberlite body size frequency distribution plotted for samples
in this tender is similar to that plotted for samples in the previous tender,
indicating the consistency of the mineralisation of the ore body.
    The quality of diamonds produced from the PK5 samples continues to be of
high gem content, as indicated by the high average value of US$404 per carat
achieved. This includes the 33.75 carat stone (comprising 6% by weight)
referred to under "Highlights" above which achieved a value of US$145,669
(comprising 60% by value).
    The ongoing analysis of the diamonds from the various PK5 samples,
representing distinct kimberlite facies, continues to be undertaken by
independent consultants.
    The size frequency distribution specifically for the PK5 sample is
plotting to the right, or in the coarser fraction of the consolidated graph of
the PK5 deposit. This suggests that there is a high probability of more
special stones (+10.8 carats) and at least another +30 carat in the next
3,000 carats. These specials will help sustain the high average carat price
achieved for the PK5 kimberlite.

    Kimberley Process: Chain of Custody and Diamond Control

    Mr. Ferraris, working in conjunction with Company security officials, was
mandated to design and develop a chain of custody process and an effective
diamond control process for Company diamond production. These processes have
been constructed to comply with international best practices and the
requirements of the Kimberley Process. Mr. Ferraris is responsible for
auditing these processes as well as for providing technical expertise with
respect to the diamond product. Mr. Ferraris has 30 years' experience in the
rough diamond industry, including working for both De Beers and RTZ.

    Qualified Person

    Dr. Mike de Wit, President of the Company, is the "qualified person" (as
such term is defined in National Instrument 43-101) who supervised the
preparation of and is responsible for the technical information in this press
    Additional information with respect to the Paardeburg East and
Silverstreams projects is contained in the technical report prepared by Venmyn
 Rand (Pty) Limited, dated July 31, 2007 and entitled "National Instrument
43-101 Technical Report Prepared on the Mineral Assets of Diamond Core
Resources Limited in the Northern Cape and Free State Provinces, South
Africa." A copy of this report can be obtained from SEDAR at

    BRC DiamondCore Ltd. is an African-focused diamond explorer active in
South Africa and the Democratic Republic of the Congo (the "DRC"). 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.

    Note to editors: Photographs of the special diamonds mentioned in this
press release, as well as additional diamonds recovered at Paardeberg East and
Silverstreams, can be viewed in the photo gallery section of the Company's

    Forward-Looking Statements: This press release contains forward-looking
statements. All statements, other than statements of historical fact, that
address activities, events or developments that the Company believes, expects
or anticipates will or may occur in the future (including, without limitation,
statements relating to diamond prices, future diamond recoveries and sales,
future production, exploration results, potential mineralization and the
Company's plans with respect to the exploration and development of its
properties) are forward-looking statements. These forward-looking statements
reflect the current expectations or beliefs of the Company based on
information currently available to the Company. Forward-looking statements are
subject to a number of risks and uncertainties that may cause the actual
results of the Company to differ materially from those discussed in the
forward-looking statements, and even if such actual results are realized or
substantially realized, there can be no assurance that they will have the
expected consequences to, or effects on the Company. Factors that could cause
actual results or events to differ materially from current expectations
include, among other things, the possibility that future exploration results
will not be consistent with the Company's expectations, changes in equity
markets, changes in diamond markets, foreign currency fluctuations, political
developments in South Africa or the DRC, changes to regulations affecting the
Company's activities, uncertainties relating to the availability and costs of
financing needed in the future, delays in obtaining or failure to obtain
required project approvals, the uncertainties involved in interpreting
geological data and the other risks involved in the diamond exploration
business. Any forward-looking statement speaks only as of the date on which it
is made and, except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any forward-looking
statement, whether as a result of new information, future events or results or
otherwise. Although the Company believes that the assumptions inherent in the
forward-looking statements are reasonable, forward-looking statements are not
guarantees of future performance and accordingly undue reliance should not be
put on such statements due to the inherent uncertainty therein.

For further information:

For further information: please visit our website,, 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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