BRC Diamond enhances its Diamond Portfolio in the Democratic Republic of Congo

BRC Diamond Corporation has added another 58 exploration permits to its portfolio of diamond properties in the Democratic Republic of the Congo (the “DRC”).

The Company now holds directly or controls through option agreements a total of 116 exploration permits (referred to as Permis de Researches (”PRs”)) covering an area of 38,140.5 square kilometres (”km²”) of highly prospective diamond bearing ground in the provinces of East and West Kasai and Bandudu in the south, Equateur and Oriental in the north, and Maniema in the central-east of the DRC.

Title to two of the new PRs was awarded by the DRC’s Mining Cadastral directly to the Company’s wholly-owned DRC subsidiary, which brings the number of PRs wholly-owned by the Company to 27. These two new PRs, each covering 400 km², are situated in Bandundu province near isolated diamond workings along the Wamba River, and in Kasai East Province, north of four PRs controlled by the Company in the Sankuru district.

The Company acquired control of the other 56 new PRs by way of option agreements. Three of these PRs, two covering 392 km² and one covering 351 km², are in the southern part of the Wamba drainage area in Bandundu Province. Two PRs are adjacent to an existing PR controlled by BRC along the Wamba drainage and another PR is in close proximity.

Four of the new PRs acquired by way of option agreement (which cover 8.5 km², 77 km², 93 km² and 43 km²) are located in the Tshikapa district of Kasai West province, where BRC continues to consolidate its position. The Tshikapa area remains one of the most prospective areas in the DRC, with historical production of more than 60 million carats of good quality diamonds. No primary sources have yet been located despite the abundance of unabraded kimberlitic minerals present in many of the streams in the area. The Company has located several high interest magnetic targets on its properties around Tshikapa, which it intends to drill over the next three months.

Six of the new PRs acquired by way of option agreement (with each PR covering 391 km²) are in Maniema Province directly north of BRC PRs in Lubao, where several geophysical targets have been identified for drilling.

Twenty-seven of the new PRs are near Businga in the Province of Equateur and cover an area of 8,679 km² and the remaining 16 new PRs, covering 5,340 km² of ground, are close to the diamond producing area of Bafwasende in the Province of Orientale.

The Company continues to evaluate its exploration results on an ongoing basis. It plans shortly to relinquish some PRs or parts of PRs which are no longer of interest to ensure that its property portfolio is focused on areas with the greatest potential.

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