Diamcor Mining Inc. Appoints Kurt Petersen as Managing Director of Operations for South Africa

Diamcor Mining Inc. is a Canada-based diamond mining company engaged in the mining, exploration, and sale of rough diamonds. The Company's primary focus is on the mining and development of its Krone-Endora at Venetia Project, which is co-located and directly adjacent to De Beers' Venetia Diamond Mine in South Africa. The Krone-Endora at Venetia Project consists of prospecting rights over the farms Krone 104 and Endora 66, which represent a combined surface area of approximately 5,888 hectares. In addition to the advancement of the Krone-Endora at Venetia project, the Company also review and pursue other mining opportunities in South Africa and other mining regions. The Company focuses on the acquisition and development of mid-tier projects with near-term production capabilities and growth potential. It also focuses on acquiring projects, which deal with the processing of tailings reserves.