Diamcor Announces Conversion of Convertible Debenture

/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES, TO "U.S. 
PERSONS" OR TO UNITED STATES OF AMERICA NEWS SERVICES./ 
TSX.V Symbol (DMI) 
KELOWNA, BC, April 8, 2013 /CNW/ - Diamcor Mining Inc. (TSX-V.DMI) (the 
"Company") is pleased to announce that pursuant to the terms of the $2,000,000 
convertible debenture ("Convertible Debenture"), originally issued to its 
strategic alliance partner, Tiffany & Co. Canada ("Tiffany"), a subsidiary of 
Tiffany & Co., in March 2011, the Company has exercised its right to convert 
the principal and accrued interest into Company common shares. The 
Convertible Debenture was part of a $5,500,000 long term financing with 
Tiffany, as announced on March 29, 2011. The Company has converted a total 
amount of $2, 295,920.25 inclusive of principal and accrued interest at the 
stipulated conversion rate of $0.75 per Company common share, resulting in a 
total issuance of 3,061,227 Company common shares to Tiffany. The hold 
period applicable to the shares issued upon conversion of the Convertible 
Debenture expired four months and one day from the date of issuance of the 
Convertible Debenture. 
Strategic Tiffany & Co. Alliance: 
As announced on March 29, 2011, the Company has established a long-term 
strategic alliance and first right of refusal with Tiffany & Co. Canada, a 
subsidiary of world famous New York based Tiffany & Co., to purchase up to 
100% of the future production of rough diamonds from the Krone-Endora at 
Venetia Project at then current prices to be determined by the parties on an 
ongoing basis. In conjunction with this first right of refusal, Tiffany & 
Co. Canada also provided the Company with substantial financing to advance the 
Project as quickly as possible. Tiffany & Co. is a publically traded company 
which is listed on the New York Stock Exchange under the symbol TIF. 
Originally founded in 1837, the Tiffany's name is now globally recognised as 
one of the premier luxury jewellery and specialty retailers in the world. 
Through Tiffany & Co. and various other subsidiaries, the company is engaged 
in product design, manufacturing, and retailing activities on a global 
basis. As of January 31, 2013 Tiffany & Co. operated 275 stores and 
boutiques in the Americas, Japan, Asia-Pacific, and Europe and engages in 
direct selling through internet, catalog and business gift operations. For 
additional information on Tiffany & Co., please visit their website at 
www.tiffany.com. 
About Krone-Endora at Venetia: 
On February 28, 2011, Diamcor successfully acquired the Krone-Endora at 
Venetia Project from De Beers Consolidated Mines Limited, consisting of the 
prospecting rights over the farms Krone 104 and Endora 66, which represent a 
combined surface area of approximately 5,888 hectares directly adjacent to De 
Beers' flagship Venetia Diamond Mine in South Africa. De Beers previously 
completed various exploration efforts on initial areas of interest comprised 
of approximately 307 hectares, a summary of which was reported in an initial 
Independent NI 43-101 Technical Report filed by the Company on July 30, 
2009. The deposits which occur on the properties of Krone and Endora have 
been identified as a rare, higher-grade "Alluvial" basal deposit which is 
covered by a lower-grade upper "Eluvial" deposit. The deposits are proposed 
to be the result of the direct-shift (in respect to the "Eluvial" deposit) and 
erosion (in respect to the "Alluvial" deposit) of an estimated combined 1,000 
m (1 km) of material from the higher grounds of the adjacent Venetia 
Kimberlite areas. The deposits on Krone-Endora occur in two layers with an 
average total depth of less than 15.0 metres from surface to bedrock, allowing 
for a very low-cost mining operation to be employed with the potential for 
near-term diamond production from a known high-quality source. Krone-Endora 
also benefits from the significant development of infrastructure and services 
already in place due to its location directly adjacent to the Venetia Mine. 
Since acquiring Krone-Endora the Company has completed the construction and 
installation of extensive infrastructure at the Project, along with the 
installation of a purpose built modular processing plant, and an extensive 
quarrying and in-field screening operations. Commissioning of the processing 
plant is now complete, and the Company's current efforts are designed to be a 
continuation of the ongoing advancement of the Project, and as part of the 
Company's final preparations in anticipation of a planned move to 24/7 
operations in the near future. 
About Diamcor Mining Inc: 
Diamcor Mining Inc. is a fully reporting publically traded junior diamond 
mining company which is listed on the TSX Venture Exchange under the symbol 
V.DMI, and on the OTC QX International under the symbol DMIFF. The Company 
has a well-established operational and production history in South Africa, and 
extensive experience supplying rough diamonds to the world market. Rather 
than exposing itself to the high risks and costs associated with exploration, 
the Company's focus is on the identification, acquisition, and operation of 
unique diamond projects with near-term production potential such as the 
Krone-Endora at Venetia Project. For additional information on Diamcor, 
please visit our website at www.diamcormining.com. 
On behalf of the Board of Directors 
Mr. Dean H. Taylor
President & CEO
Diamcor Mining Inc. DTaylor@diamcormining.com 
Phone:(250) 864-3326
Website:www.diamcormining.com 
This press release contains certain forward-looking statements. While these 
forward-looking statements represent our best current judgement, they are 
subject to a variety of risks and uncertainties that are beyond the Company's 
ability to control or predict and which could cause actual events or results 
to differ materially from those anticipated in such forward-looking 
statements. Further, the Company expressly disclaims any obligation to 
update any forward looking statements. Accordingly, readers should not place 
undue reliance on forward-looking statements. This news release is not for 
dissemination in the United States, to "U.S. Persons" or to United States of 
America news services. 
WE SEEK SAFE HARBOUR 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that 
term is defined in policies of the TSX Venture Exchange) accepts 
responsibility for the adequacy or accuracy of this release. 
Mr. Dean H. Taylor President & CEO Diamcor Mining Inc. 
DTaylor@diamcormining.com 
Phone:(250) 864-3326 Website:www.diamcormining.com 
SOURCE: Diamcor Mining Inc. 
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CO: Diamcor Mining Inc.
ST: British Columbia
NI: MNG  
-0- Apr/08/2013 23:30 GMT
 
 
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