DIA Margaret Lake Diamonds Inc

Big Red Diamond Corporation ("Big Red") (TSX VENTURE: DIA) is pleased to announce that all of Management's proposed recommendations submitted for ratification by the Company's shareholders at the Company's Annual General and Special Meeting held on May 19, 2011 were approved.

Messrs. Jean-Francois Perrault, Clinton Barr, Michael Neary and Gordon Henriksen were all re-elected to the Board of Directors, with each receiving in excess of 97% of the votes casted. Big Red's directors are very pleased and appreciative to have received such strong support from the Company's shareholders.

Additionally, the proposed name change to: Northcore Resources Inc. was also unanimously approved by the Company's shareholders. This name change better reflects the Company's renewed focus to exploration. The name change will become effective in the next few days. The Company will also trade under a new ticker, "NCR", once final approval has been received.

The Shareholders also received and approved the audited financial statements and the auditor's report along with the re-appointment of the auditors for the ensuing year and remuneration of the auditors.

About Big Red Diamond Corporation

Big Red Diamond Corporation is a junior exploration company with rare earth elements projects near: Sept-Iles and Rouyn-Noranda, Quebec as well as Prince George, B.C.; diamond projects in the Attawapiskat diamond basin located in the Ontario James Bay Lowlands, surrounding De Beers' Victor diamond deposit, and gold projects in the West Timmins Gold camp.

We seek safe harbour

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Jean-Francois Perrault President and CEO (514) 576-5837 (514) 904-1788 (FAX) BigRedDiamond@gmail.com