Diamcor secures shares for debt agreement

    TSX.V Symbol (DMI)

    KELOWNA, BC, Oct. 2 /CNW/ - Diamcor Mining Inc., (TSX-V:DMI) announces
that it has entered into an agreement with creditors, subject to TSX Venture
Exchange acceptance for filing, to settle a total of $40,810 in debt through
the issuance of 68,017 common shares at a price of $0.60 per unit. There will
be no warrants issued under this agreement.

    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, Chief Executive Officer,
Diamcor Mining Inc., Email: DTaylor@Diamcormining.com, Phone: (250) 864-3326,
Website: www.diamcormining.com

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