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2006
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Dec 04, 2006 : Uranium North Set To Close Financing And Commence To Trade more...

Nov 16, 2006 : Diamonds North Announces Closing of $7 Million Private Placement more...

Oct 26, 2006 : $6 Million "Bought Deal" Financing more...

Oct 12, 2006 : Diamonds North and Arctic Star to Explore in Canada's Newest Kimberlit... more...

Oct 05, 2006 : 19 New Kimberlite Float Occurrences on Amaruk Further Demonstrates the... more...

Sep 27, 2006 : Drill Targets Identified on the Ualliq property more...

Sep 20, 2006 : Diamonds North Increases Kimberlite Tally to Five Demonstrating Amaruk... more...

Aug 23, 2006 : Target Testing Underway at Amaruk -- New Kimberlite Discovered more...

Aug 15, 2006 : Shear Minerals and Diamonds North to Explore the Sakari property more...

Aug 02, 2006 : Diamonds North and International Samuel to Explore the Ualliq property more...

Aug 01, 2006 : Diamonds North Closes Plan of Arrangement for Shareholders to Receive ... more...

Jul 19, 2006 : Diamonds North sets Effective Date for Shareholders to Receive Uranium... more...

Jul 17, 2006 : Pathfinder Starts Major Airborne Geophysical Survey at Thelon Basin Ur... more...

Jul 14, 2006 : Diamonds North Grants Options more...

Jul 13, 2006 : Diamonds North To Drill The Amaruk Project more...

Jul 12, 2006 : Diamonds North Completes $3,265,000 Equity Financing more...

Jul 11, 2006 : Diamonds North Financing Update more...

Jul 05, 2006 : Diamonds North and Majescor Developing Drill Targets on Banks Island more...

Jun 29, 2006 : Diamonds North Announces Equity Financing more...

Jun 27, 2006 : Diamonds North Positions Uranium North in Athabasca, Thelon and Hornby... more...

Dec 14, 2005 : Diamonds North Completes $4,500,000 Equity Financing more...

Dec 07, 2005 : Diamonds North Increases Equity Financing To $ CDN 4,500,000 more...

Nov 23, 2005 : Diamonds North Announces Equity Financing more...

Nov 10, 2005 : Blue Ice 2005 Exploration Program Summary more...

Nov 09, 2005 : Majescor and Diamonds North Advance Potential Diamond District on Bank... more...

Sep 28, 2005 : Kimberlite Discoveries Begin on Amaruk more...

Sep 22, 2005 : Pathfinder and Diamonds North Increase Vast Land Position for Uranium ... more...

Jul 26, 2005 : Diamonds North Identifies New Uranium Opportunities on Diamond Claims more...

Jul 22, 2005 : Diamonds North Completes Private Placement more...

Jun 27, 2005 : Non-Brokered Private Placement more...

Jun 07, 2005 : Diamond Sizes Prompt Diamonds North to Increase Washburn Ownership to ... more...

Jun 01, 2005 : Uranium Potential Confirmed on Thelon Diamond Project more...

May 19, 2005 : Bill Zimmerman Joins Diamonds North Board more...

Apr 21, 2005 : King Eider Yields Three Quarter Carat Diamond more...

Apr 20, 2005 : Diamonds North and Stornoway Enter into Agreement to Explore Manitoba ... more...

Apr 14, 2005 : Diamonds North Capitalizes on Commodity Opportunities more...

Apr 12, 2005 : Prioritization of Drill Targets on Arnak more...

Apr 01, 2005 : Diamonds North Identifies Another Potential Diamond District on the Sl... more...

Mar 23, 2005 : Grant of Incentive Stock Options more...

Feb 28, 2005 : Blue Ice Property Update more...



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2006 | 2005 | 2004 | 2003 | 2002

а Thu Oct 26, 2006
$6 Million "Bought Deal" Financing

а VANCOUVER, October 26, 2006 -- Diamonds North Resources Ltd. (DDN-TSX Venture) (the "Company" or "Diamonds North") reports that it has entered into an agreement with a syndicate of underwriters led by Clarus Securities Inc. and includes Loewen, Ondaatje, McCutcheon Limited and Raymond James Ltd. (the "Underwriters") who have agreed to purchase 6,315,790 flow-through common shares ("Flow-Through Common Shares") at a price of $0.95 per Flow-Through Common Share for aggregate proceeds of approximately $6,000,000 (the "Offering"). In addition, the Underwriters have the option to purchase an additional 1,052,632 Flow-Through Common Shares at the issue price at any time until the closing date. The Offering is expected to close on or about November 14th, 2006.

Diamonds North plans to use the net proceeds of this financing primarily to fund the exploration drill programs on its core diamond projects including the Amaruk project. The Company recently announced (September 20th, 2006) the first 5 kimberlites drilled on the Amaruk project and is planning an aggressive target testing program. Immediate plans include formalizing budgets and contracts to secure drill rigs and helicopters for this exploration program.

The Underwriters will be paid a cash fee equal to 7.0% of the gross proceeds raised in the Offering. The Underwriters will also receive compensation options (the "Compensation Options") entitling them to purchase that number of non-flow through common shares which is equal to 7.0% of the number of Flow-Through Common Shares sold. The Compensation Options will expire fifteen months after the closing of the Offering. The exercise price for the Compensation Options will be $0.85 per common share.

The Pelly Bay region is Canada's newest diamond district. Diamonds North has the dominant land position in the region and is exploring a kimberlite field with proven diamondiferous kimberlite and exceptional diamond characteristics. With the recent discovery of 23 new kimberlite occurrences by drilling and prospecting, the Company believes that the Amaruk project offers shareholders increased opportunity of discovering Canada's next diamond mine.

The completion of the Offering is subject to all necessary regulatory approvals.

Diamonds North is a dynamic exploration team focused on strategically advancing diamond opportunities and is determined to discover Canada's next diamond mine.

ON BEHALF OF THE BOARD OF DIRECTORS


Mark Kolebaba
President & CEO

For further information, please contact:

Diamonds North Resources Ltd.
Corporate Communications: Nancy Curry
Telephone:
Facsimile:
Website: diamondsnorthresources.com
Email:


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
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