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Mar 13, 2008 : Diamonds North Recovers Very High Diamond Counts from the Tuktu Cluste... more...

Mar 13, 2008 : Diamonds North announces correction more...

Mar 13, 2008 : Diamonds North Recovers Very High Diamond Counts from the Tuktu Cluste... more...

Mar 12, 2008 : Diamonds North Receives Diamonds Results for Char Kimberlite more...

Mar 10, 2008 : Diamonds North Receives Diamond Results for Qavvik-5 & Qavvik-6 - Plan... more...

Feb 15, 2008 : Options Granted more...

Feb 04, 2008 : Diamonds North Announces Qavvik-1 Kimberlite Results on Amaruk more...

Jan 28, 2008 : 326 Targets Identified on Ualliq Property more...

Jan 17, 2008 : Higher Nickel Values from Diamonds North's Nickel Discovery more...

Jan 14, 2008 : Diamonds North Announces Two More Kimberlites With High Diamond Counts... more...

Jan 08, 2008 : Diamonds North Recovers 550 Diamonds from 81.75 Kilograms of Tuktu-1 K... more...

Dec 13, 2007 : Siku Project Update more...

Dec 05, 2007 : Ualliq Project Update more...

Nov 30, 2007 : Diamonds North Completes Flow-Through Financing more...

Nov 30, 2007 : Diamond Market Conditions and Sakari Update more...

Nov 23, 2007 : Diamonds North Announces Flow-Through Financing more...

Oct 31, 2007 : New Nunavut Nickel Discovery more...

Oct 10, 2007 : Diamonds North Increases Kimberlite Tally to 22 on Amaruk more...

Sep 11, 2007 : Diamonds North Discovers 11 New Kimberlites on Amaruk more...

Aug 24, 2007 : Diamonds North Completes Flow-Through Financing more...

Aug 15, 2007 : Diamonds North Announces Flow-Through Financing more...

Jul 20, 2007 : Diamonds North Completes Banks Island Acquisition more...

Jul 19, 2007 : Diamonds North Announces Flow-Through Financing more...

Jul 11, 2007 : Diamonds North Provides Update on Hepburn more...

Jul 05, 2007 : Diamonds North acquires 100% interest in the Banks Island Project more...

May 24, 2007 : Diamonds North Expands Amaruk Exploration Program Bulk Samples & Drill... more...

May 16, 2007 : Diamonds North Resources And Arctic Star Plan C$1,500,000 Exploration ... more...

May 10, 2007 : Options Granted more...

May 04, 2007 : Diamonds North Resources AGM Thursday May 10th, 2007 and Options Grant... more...

Apr 24, 2007 : Char Kimberlite Yields High Diamond Counts All Drilled Kimberlites Pro... more...

Apr 18, 2007 : Diamonds North Resources And International Samuel Approve C$1,000,000 ... more...

Apr 17, 2007 : Diamonds North Resources And Shear Minerals Ltd. Approve C$185,000 Exp... more...

Mar 29, 2007 : Diamonds North Resources Recovers 515 Diamonds From Qavvik Kimberlite more...

Mar 20, 2007 : Diamonds North To Drill The Hepburn Project, Over 200 Kimberlite Targe... more...

Mar 12, 2007 : Diamonds North Resources Retains Genoa Management Limited For Investor... more...

Feb 28, 2007 : Options Granted more...

Feb 15, 2007 : New Diamond Discoveries on Amaruk more...

Jan 10, 2007 : Diamonds North and Majescor Identify High Priority Drill Targets on Ba... more...

Jan 08, 2007 : Amaruk Project Update Diamond Results Pending for Five Kimberlites - P... more...



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а Thu Jan 17, 2008
Higher Nickel Values from Diamonds North's Nickel Discovery

а News Release: 08-05

VANCOUVER, January 17, 2008 - Diamonds North Resources Ltd. (TSX-V: DDN) announces nickel values as high as 1.71% from further outcrop sampling of the 100% owned Amaruk nickel discovery in Nunavut. The additional samples were assayed as follow-up to the initial discovery announced October 31st, 2007 (see News Release NR07-23).

Grab samples from the highly oxidized sulphide-rich outcrop have yielded nickel values ranging from 1.71 to 0.51% with significant copper and cobalt credits. Sample N-1 yielded 1.71% nickel, 0.47% copper and 0.06% cobalt. Assays from 11 samples collected are listed below.

Assay Results

SAMPLE

Ni (%)

Cu (%)

Co (%)

N-1

1.71

0.47

0.06

N-2

1.65

0.17

0.05

N-3

1.60

0.17

0.07

N-4

1.51

0.24

0.06

N-5

1.47

0.16

0.05

N-6

1.12

0.24

0.06

N-7

0.68

0.21

0.02

N-8

0.58

0.18

0.02

N-9

0.57

0.19

0.01

N-10

0.51

0.12

0.01

N-11

0.51

0.19

0.02



"The discovery of nickel on our Amaruk diamond property is a great example of how our shareholders can participate in yet another valuable opportunity on Diamonds North's vast landholdings,." says Mark Kolebaba, President & CEO of Diamonds North.

The sulphide mineralized outcrop / subcrop is 20 to 30 metres wide and slopes gently into an extensive low lying area with no outcrop exposure. Associated with this location is a 700 to 1500 metre long magnetic anomaly with estimated widths ranging from 20 to 65 metres. Similar magnetic anomalies and oxidized sulphide zones exist elsewhere in the area, suggesting potential for additional drilling targets.

The presence of both semi-massive sulphides with higher metal values and disseminated sulphides with lower metal grades likely indicates that some of the nickel segregation took place in the original melt chamber. Sulphide mineralization occurs as pyrrhotite, pentlandite and chalcopyrite closely intergrown as disseminated specks, irregular clumps and semi-connected networks. Iron oxide associated with weathered sulphides is abundant supporting strong oxidization and leaching which may have resulted in possible metal loss.

Four additional samples collected closer to the country rock contact contain lower nickel values ranging from 0.06 to 0.15% and copper values ranging from 0.06 to 0.17%. Some of these samples appear highly leached and possibly affected by country rock contamination.

The Company is of the view that the Amaruk prospect represents the opportunity to test a major nickel-copper-cobalt target in an area previously unknown for base metals. Planning for a detailed EM survey over the area to better define drill targets is underway. Mobilization of a camp and geophysical crew is expected in March ahead of a drilling program that is tentatively scheduled for May.

The Company's principal focus remains on the exceptional diamond potential of the Amaruk property. That program has been escalated following the recently released diamond results from the property. Tuktu-1, Qavvik-3 and Qavvik-4 kimberlites yielded 550 diamonds from an 81.7kg sample, 183 diamonds from a 72.8 kg sample and 129 diamonds from a 65.7 kg sample respectively announced January 8th and 14th, 2008 (See News Releases NR08-01 & NR08-02).

Bernard Kahlert (P. Eng.) is Diamonds North's qualified person reviewing the geochemical data associated with the nickel prospect. Mr. Kahlert has been associated with several nickel discoveries including Forrestania and Maggie Hays Hill in Australia.

All samples were analyzed at ALS Chemex (ALS Laboratory Group-Mineral Division) in North Vancouver, BC. ALS Chemex is accredited by the QMI Quality Registrars to ISO 9001:2000, and by the Standards Council of Canada to ISO 17025. A standard aqua-regia digestion and ICP-AES package was used on all samples. Ore grade assays were analyzed by Atomic Absorption.

Diamonds North Resources is rapidly evolving and committed to building long-term value for shareholder through ongoing discoveries and leveraging business opportunities from our vast land holding.

On behalf of Diamonds North Resources Ltd.




Mark Kolebaba, President and CEO

For additional information please contact:
Nancy Curry, VP Corporate Communications
Diamonds North Resources Ltd.
Telephone:
Facsimile:
Email:
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