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а Wed Mar 17, 2004
Cancellation Of A Grant Of Incentive Stock Options

а #04-05

Vancouver, March 17, 2004 - Diamonds North Resources Ltd (DDN-TSX Venture) announces the cancellation of a grant of incentive stock options under the Company's stock option plan to directors, employees and consultants to purchase an aggregate of 400,000 treasury shares previously announced March 12, 2004.

ON BEHALF OF THE BOARD OF DIRECTORS




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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