BRC DiamondCore reports first quarter 2009 results

    TORONTO, May 19 /CNW/ - BRC DiamondCore Ltd. (the "Company") (TSX -
"BCD"; JSE - "BCD") reported a net loss of Cdn$1,483,000 for the three month
period ended March 31, 2009 (compared to a net loss of Cdn$3,438,000 for the
three month period ended March 31, 2008). The reduced loss is due to the
discontinuation of the Company's bulk sampling operations, the placing of all
activities in South Africa on a care and maintenance basis and the scaling
back of the Company's operations in the Democratic Republic of the Congo (the
"DRC"). The Company continues to focus on exploration of its prospective
Tshikapa and other DRC projects.
    The Company's unaudited interim consolidated financial statements as at
and for the three month period ended March 31, 2009 and the related
management's discussion and analysis have been filed on SEDAR at
    As per the listing requirements of the JSE Limited, the said management's
discussion and analysis includes the following statement under the heading
"Renewal of Cautionary Announcement": "Further to the cautionary announcement
issued pursuant to the JSE listing requirements, on May 6, 2009, shareholders
are advised that negotiations are ongoing and that they should continue to
exercise caution when dealing in their securities until a further announcement
is made."

    BRC DiamondCore Ltd. is an African-focused diamond explorer active in
South Africa and 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.

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: Brian P. Scallan, Vice President, Finance +27 11 9582885

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BRC DiamondCore Ltd.

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