Diamcor grants incentive stock options

    TSX.V Symbol (DMI)

    KELOWNA, BC, March 17 /CNW/ - Diamcor Mining Inc. (TSX-V:DMI) (the
"Company") reports that it has granted an aggregate of 380,000 incentive stock
options to certain officers, directors, and employees pursuant to the Company
Stock Option Plan as approved on October 5, 2007 and subsequently accepted by
the TSX Venture Exchange. All options are exercisable for a period of
five years expiring March 17, 2013 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.

    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.

    On behalf of the Board of Directors

    Mr. Dean H. Taylor
    President & CEO
    Diamcor Mining Inc.

    Phone: (250) 864-3326
    Website: www.diamcormining.com

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

For further information:

For further information: Mr. Dean H. Taylor, President & CEO, Diamcor
Mining Inc., DTaylor@Diamcormining.com, Phone: (250) 864-3326, Website:

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