Mr. John Ryder reports
DIANOR CLARIFIES DISTRIBUTION OF SHARES OF NEW COMPANY AT DIANOR'S AUGUST 24 ANNUAL GENERAL MEETING
Dianor Resources Inc. urges its shareholders to vote for a proposed distribution by Dianor to its shareholders of shares of a new company, at Dianor's annual and special general meeting to be held at the Sheraton Laval Hotel, 2440 Autoroute des Laurentides, Laval, Que., on Tuesday, Aug. 24, 2010, at 9:30 a.m.
At the annual general meeting, shareholders will consider a potential distribution to Dianor's shareholders of a portion of Dianor's shares of a new company that will focus on diamond exploration on Dianor's Ekomiak properties, comprising the Ekomiak I, II, IV, V, VI, VII and VIII properties located in the James Bay region of Quebec.
At present, ownership of the Ekomiak properties is equally divided among Dianor, Metalex Ventures Ltd. and Wemindji Exploration Inc. Subject to Dianor reaching an agreement with Metalex Ventures and Wemindji Exploration, the three companies will transfer their respective interests in the Ekomiak properties to a new company in exchange for shares of the new company. After the transfer, each of Dianor, Metalex Ventures and Wemindji Exploration will hold one-third of the shares of the new company. If approved by Dianor's shareholders at the annual general meeting, Dianor will distribute a portion of the shares of the new company to Dianor's shareholders by way of a stock dividend.