DSP Diamondex Resources Ltd. (Tier1)

Diamondex Resources Ltd. (TSX VENTURE:DSP) ("Diamondex") is pleased to announce
that the field component of the 2007 exploration program for the Brodeur Project
has now been completed (See www.diamondex.net for project location and details).


The exploration program consisted of ground geophysics, till and stream sediment
sampling and diamond drilling. A total of 700 line kilometres of ground
magnetics were completed over 18 ground grids that encompassed an area of
approximately 20 square kilometres. The exploration area includes the Tuwawi and
Nanuk kimberlites as well as the Kuuriaq kimberlite corridor.


A total of 512 till and stream sediment samples were collected over the project
area and are currently being shipped to Overburden Drill Management Ltd. in
Ottawa for processing. The resulting heavy mineral concentrates will be picked
for kimberlite indicator minerals by Diamondex's mineralogical staff.


A recently completed 2,200 metre diamond drill program was undertaken to better
define the geometry of the Tuwawi kimberlite body and to extract sufficient
kimberlite to allow for estimations of potential diamond grades and quality. A
total of 3,110 kilograms of hypabyssal, fine to medium grained macrocrystic
kimberlite was collected from 12 tests that intercepted Tuwawi. A drill hole
designed to test the Tuwawi Deep target which was outlined by ground magnetic
and gravity surveys was abandoned due to drilling difficulties and will be
re-tested during the 2008 drill program.


In addition to the Tuwawi drill program, 14 tests were completed over the Nanuk
and Kuuriaq target areas with kimberlite intercepted in nine of the holes
(preliminary models will be available on the website in the near future).


Kimberlite from all drill targets, a total of 3,325 kilograms, has been
delivered to Kennecott Canada's Exploration Inc's. (KCEI) Processing Laboratory
in Thunder Bay, Ontario, for caustic fusion processing and diamond recovery.
Results are expected by year end.


With 2007 project expenditures of $2.3 million ($5.5 million to date), it is
expected that by the end of the fiscal year, Diamondex will have spent in excess
of $6 million on the project and earned a 100% interest in the project.


David Clarke, P.Geol., MSc., Vice President of Exploration for Diamondex
Resources Ltd. is a Qualified Person as defined by National Instrument 43-101
and is responsible for program design and quality control of exploration
undertaken by Diamondex Resources Ltd.


The Brodeur Project is centered on the northern half of the Brodeur Peninsula of
Baffin Island. Diamondex has the exclusive option to earn a 100% interest in the
property, subject to an underlying Property Acquisition Agreement with Kennecott
Canada Exploration Inc. The property comprises 425,289 acres covering 165 claims
and hosts three known diamond bearing kimberlite bodies: Tuwawi, Nanuk, and
Kuuriaq.


DIAMONDEX RESOURCES LTD.

Randy C. Turner, President

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