Diamonds North increases overallotment to $2.52-million

2008-06-25 19:23 ET - News Release

Mr. Mark Kolebaba reports

DIAMONDS NORTH INCREASES NON-BROKERED FINANCING

Further to Diamonds North Resources Ltd.'s news release in Stockwatch dated June 19, 2008, the terms of the overallotment option granted to the underwriters in connection with the company's $10-million bought-deal financing has been amended. The overallotment option now entitles the underwriters to purchase additional, flow-through shares of $500,040 and units of $2,025,030 for total additional gross proceeds of $2,525,070 exercisable 48 hours prior to closing.

We seek Safe Harbor.