BRC DiamondCore fourth open tender of 1,325.60 carats realises US$668,845

    TORONTO and JOHANNESBURG, South Africa, July 17 /CNW/ - BRC DiamondCore
Ltd. (the "Company") (TSX - BCD; JSE - BCD) is pleased to announce the results
of its fourth tender sale of diamonds from its Paardeberg East kimberlite and
Silverstreams alluvial trial mining projects in South Africa's Northern Cape


    -   1,325.60 carats with an average value of US$504.56 per carat were
        sold for a total of US$668,845. This comprised:
        -  400.77 carats from Silverstreams with an average value of
           US$1,219 per carat; and
        -  924.83 carats from Paardeberg East with an average value of
           US$194.81 per carat.

    -   Silverstreams: "special stones" (+10.8 carats in size) totalled
        40.16 carats (comprising 10% by weight) and achieved a total value of
        US$153,737 (comprising 31.5% by value). These special stones
        -  a 14.56 carat white octahedron/dodecahedron, which sold for
           US$2,615 per carat;
        -  a 14.00 carat white irregular dodecahedron, which sold for
           US$7,202 per carat; and
        -  a 11.58 carat white irregular dodecahedron, which sold for
           US$1,277 per carat.

    -   Other high value stones from Silverstreams were:
        -  a 9.81 carat white irregular dodecahedron, which sold for US$7,621
           per carat;
        -  a 6.45 carat white octahedron, which sold for US$4,341 per carat;
        -  a 3.69 carat white irregular dodecahedron, which sold for
           US$3,332 per carat.

    -   Paardeberg East: the PK5 kimberlite body size frequency distribution
        plotted for samples in this tender is similar to the last samples,
        indicating the continuous nature 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 achieved, including:
        -  a 9.27 carat off-white dodecahedron, which sold for US$2,301 per
        -  a 4.18 carat top white dodecahedron, which sold for US$3,398 per
           carat; and
        -  a 2.52 carat top white dodecahedron, which sold for US$2,729 per

    Photos 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 website,
    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     VALUE     (US$ PER
    SITE                (CARATS)   (NUMBER)  PER STONE)   (US$)       CARAT)
    SILVERSTREAMS        400.77        184       2.18    488,679       1,219

    The diamond analysis of the product recovered from various trenches on the
Silverstreams bulk sampling project was undertaken by the independent
consultants on an ongoing basis. The sample size comprised 184 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


                         TOTAL               AVG. SIZE    TOTAL   AVG. VALUE
                         WEIGHT     STONES    (CARATS     VALUE     (US$ PER
    SITE                (CARATS)   (NUMBER)  PER STONE)   (US$)       CARAT)
     - PK5               818.08      2,613       0.31    165,830         203
     - PK1 WEST           30.07        129       0.23      6,888         229
     - PK1 EAST           20.59        132       0.15      1,253       60.84
     - PK2                56.08        145       0.38      6,195         110
    TOTAL                924.83      3,019       0.31    180,166      194.81

    The ongoing diamond analysis of the various bulk samples, representing
distinct kimberlite facies, continues to be undertaken by independent

    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.
    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

    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

    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.

    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 & Associates, 2711880-3924

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