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New Nadina recovers 542 diamonds from Monument

2008-01-24 15:03 ET - News Release

Ms. Ellen Clements reports

MICRODIAMOND ANALYSIS COMPLETED ON RIP, MONUMENT PROPERTY, NWT.

New Nadina Explorations Ltd. has final microdiamond data from 2007 HQ large diameter drilling of kimberlite pipe Rip, located on the Monument diamond project at Lac De Gras, NWT. These diamonds add to previously reported diamond data, including a near-half carat stone reported in November, 2007.

The microdiamonds were recovered from 1,195.0 kilograms of kimberlite, which brings Rip's cumulative diamond sample to 2,201.7 kilograms. Microdiamond recovery was completed by Saskatchewan Research Council Geoanalytical Laboratories (SRC) in Saskatoon, Sask. New microdiamond results (sieve size in millimetres) are tabulated in an attached table.

                             NEW RIP RESULTSCombined     0.106   0.15   0.212   0.3    0.425   0.6    0.85   1.18   1.7   2.36weight (kg)  sieve   sieve  sieve   sieve  sieve   sieve  sieve  sieve  sieve sieve Total1,195        239    108      81    49       36    15       8      4     1      1    542

The largest stone measured 2.8 by 2.2 by 1.8 millimetres and weighed 38.805 milligrams, which is 0.19 carat.

Cumulative microdiamonds results from adjacent kimberlites Rip and DD17 are shown in an attached table.

                              CUMULATIVE RIP MICRODIAMOND RESULTSCombined     0.106   0.15   0.212   0.3    0.425   0.6    0.85   1.18   1.7   2.36   3.35weight (kg)  sieve   sieve  sieve   sieve  sieve   sieve  sieve  sieve  sieve sieve  sieve  Total2,201.7        406    197     147   100       53    28      15      6     1      1      1   955                              CUMULATIVE DD17 MICRODIAMOND RESULTSCombined     0.106   0.15   0.212   0.3    0.425   0.6    0.85   1.18   1.7   2.36   3.35weight (kg)  sieve   sieve  sieve   sieve  sieve   sieve  sieve  sieve  sieve sieve  sieve  Total2,137.6        315    246     200    80       69    34      12      7     1      0      0   964

These two pipes have similar diamond distribution, including larger stones with Rip reporting 24 stones greater than 0.85 millimetre and DD17 reporting 20 stones greater than 0.85 millimetre. The two larger stones from Rip, weigh 0.44 carat and 0.19 carat.

A total of nine kimberlite pipes plus several unspecified related kimberlite dikes exist on the property. Untested targets include signatures with both positive and negative magnetic anomalies, and weak electromagnetic conductors, some of which are under swamps and lakes. A drill program is being planned for spring in 2008 to test as many as possible.

The Monument property, located on the south shore of Lac de Gras, is owned 57.49 per cent by New Nadina, 22.11 per cent by Chris and Jeanne Jennings and 20.4 per cent by Archon Minerals Ltd., with a 1-per-cent royalty payable to each Kennecott Canada Exploration Inc. and DHK Diamonds Inc. The project is supervised by K.R. Kivi, PGeol, an independent qualified person as defined by National Instrument 43-101. Mr. Kivi has reviewed the content of this news release.