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а Fri Jul 11, 2003
Amended Agreement

а #03-25

VANCOUVER, July 11, 2003 -- Diamonds North Resources Ltd. (DDN-TSX Venture) and De Beers Canada have amended the Victoria Island Mon Claim Sales Agreement. The original agreement provides Diamonds North with 100% ownership of the isolated claims with DeBeers holding the right to market diamond production from the Mon claims.

In the amended agreement, De Beers retains the right to market 35% of any production from the Mon claims. De Beers continues to hold a Royalty of 1.5% payable on any production from these claims.

Five of the Mon claims are located on the Blue Ice Project, sixteen are on the Hadley Bay Project and one is on the Holman Project. The amendment to the agreement benefits Diamonds North, its partners and De Beers by providing further incentive to explore for diamondiferous kimberlites on the Mon claims, while satisfying De Beers' objective of marketing a meaningful percentage of any diamond production that may result.
On behalf of Diamonds North Resources Ltd.


Mark Kolebaba
President

For further information, please contact:
Corporate Communications:
Nancy Curry
Diamonds North Resources Ltd.
Telephone:
Facsimile:
Website: diamondsnorthresources.com
Email:

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release
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