Diamcor Mining Appoints New President and Chief Operating Officer

    TSX.V Symbol (DMI)

    KELOWNA, BC, March 22 /CNW/ - Diamcor Mining Inc. (TSX-V:DMI) ("Diamcor"
or the "Company") is pleased to announce that Mr. Dean H. Taylor has been
appointed President and Chief Operating Officer of Diamcor Mining. Mr. Taylor
will also join Diamcor's Board of Directors. This addition to the current
management team is aimed at enhancing Diamcor's ongoing efforts to acquire and
develop new projects and opportunities in the Republic of South Africa and to
effectively manage that growth and thus increase shareholder value. Mr. Taylor
is currently President and CEO of Okanagan Valley Business Consulting Ltd.
("OVBC") a private consulting firm that provides executive level consulting
services to clients in both the private and public sector. Prior to
establishing OVBC, Mr. Taylor was the founding member of several successful
private businesses and held various executive level positions with public
companies in Canada and the United States where he managed both growth related
acquisitions and operational project management.
    In addition to Mr. Taylor's fifteen years experience in operational and
project management, he has served as an active consultant to Diamcor for the
past two years concentrating on corporate structure, operational planning,
international relations and analysis of business development opportunities in
South Africa. Mr. Taylor commented, "Having been involved with Diamcor as a
consultant, I am familiar with the Company's operations and potential business
opportunities which will negate any learning curve. I have also been fortunate
enough to visit Diamcor's operations in South Africa and believe that my
experience in identifying and implementing business development plans will be
of significant benefit to the Company." Mr. Taylor will report to current CEO
Wayne Wolf, and to the Board of Directors.

    Diamcor Mining is a junior mining and exploration company with active
operations and established key strategic relationships within the Republic of
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 acquisition of additional quality properties in
the region. The Company operates offices in both Canada and South Africa.
Diamcor's securities trade on the Toronto Stock Exchange (V:DMI). For more
information about Diamcor Mining Inc., please visit our website at

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

    Forward Looking Information:

    This release includes certain forward-looking statements including,
without limitation, statements concerning Diamcor's future plans and
positions, business strategy, proposed transactions, projected costs and plans
and objectives of management for future operations. Forward-looking statements
generally can be identified by the use of forward-looking terminology such as
"may," "will," "expect," "intend," "estimate," "anticipate," "believe,"
"should," "plans," or "continue" or the negative thereof or variations thereon
or similar terminology. Although Diamcor believes that the expectations
reflected in such forward-looking statements are reasonable, it can give no
assurance that such expectations will prove to be correct. These
forward-looking statements are subject to a number of risks and uncertainties,
and actual results could differ materially from those anticipated in these
forward-looking statements.

For further information:

For further information: Mr. Wayne Wolf, Chief Executive Officer,
Diamcor Mining Inc., Tel: (250) 862-3212

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