BRC Diamondcore opens tender

BRC DiamondCore Ltd.announces the results of tender sales conducted on February 29, 2008 to confirm valuations of the diamond product derived from its Paardeberg East kimberlite and Silverstreams alluvial bulk sampling project sites in South Africa.

The highlights of the tender sales included the following:

the Silverstreams “run of mine” production is valued at US$1,446 per carat. The “special stones” (+10.8 carats in size) totalled 50.46 carats (comprising 7% by weight) and achieved a total value of US$457,707 (comprising 46% by value);

the special stones at Silverstreams constituted a 12.26 Carat stone - D Colour Cleavage, which sold for US$15,175 per carat; a 13.53 Carat stone - White Cleavage, which sold for US$7,960 per carat and a 24.67 Carat stone - Light Yellow Dodecahedron, which sold for US$6,405 per carat;

the Paardeberg PK1-East average value was US$204 per carat, which has a high level of confidence due to the sample size; and in total, 4,050.43 carats were sold for approximately US$1.667 million.

The diamond analysis of the product from various trenches on the Silverstreams bulk sampling site was undertaken by independent consultants on an ongoing basis during the final quarter of 2007. The sample size comprised 455 stones and the size frequency distribution of the diamond population recovered from the various sampling trenches indicated a plot typical of a Middle Orange River deposit which is characteristic of the recovery of large diamonds.

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