Diamcor grants incentive stock options

    TSX.V Symbol (DMI)

    KELOWNA, BC, Sept. 17 /CNW/ - Diamcor Mining Inc. (TSX-V:DMI) (the
"Company") reports that it has granted an aggregate of 305,000 incentive stock
options to certain officers, directors, employees and consultants pursuant to
the Company's Stock Option Plan as approved on September 15, 2006 and
subsequently accepted by the TSX Venture Exchange. All options are exercisable
for a period of five years expiring September 17, 2012 at an exercise price of
$0.50 per share. No shares acquired upon exercise of the options may be traded
prior to the expiry of a mandatory four month "hold" period from the date of
the option grant.

    About Diamcor Mining:

    Diamcor Mining is a junior resource company with established operations
and production history in South Africa. The Company is determined to use this
established operating history and industry knowledge to increase its current
production of diamonds through the development and or, acquisition of
additional quality properties in the region.

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

For further information:

For further information: Mr. Dean H. Taylor, President and Chief
Operating Officer, Diamcor Mining Inc., Email: DTaylor@Diamcormining.com,
Phone: (250) 864-3326, Website: www.diamcormining.com

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