Diamond Frank Exploration Inc V.DOD

Current Status=August 2009

[stephenx11]

This MD&A was produced on August 18, 2009.

Diamond Frank Exploration Inc. incorporated on October 17, 2007 under

the Federal Business Corporation Law, is a mining exploration. When

the Company was incorporated, it was a wholly own subsidiary of

Typhoon Exploration Inc.

Since January 2008, the common shares of Diamond Frank Exploration

are listed on the TSX Venture Exchange under the symbol DOD.

Pursuant to an agreement, the Company acquired a 100% interest in the

Wapiscan and Ikirtuuq properties located in Quebec. In consideration,

the Company has issued 2,000,000 common shares at a price of $0.15

per share. Typhoon Exploration Inc. has distributed to its shareholders a

total of 2 000 000 common shares which were held by the Company.

Each Typhoon’ shareholder of record at the close of business day on

January 28, 2008 has received one common share of Diamond Frank for

every 41 common shares of Typhoon held.

Diamond Frank Exploration is an exploration stage company with

properties in Quebec. The company has two property groups: the

diamond group and the precious metals.

....................................................................................................................

Shares Issued=

11 982 178

...................................................................................................................

As at June 30, 2009, the Company had $128,713 in non reserved

cash and $35,829 in reserved cash for statutory exploration

expenses. In December 2008, the Company closed a a private

placement of $97,000 this placement is composed of $77,600 on

flow-through shares and $19,400 of common shares.

On October 8, 2009 – Diamond Frank Exploration INC. ("Diamond Frank")

announced the closing on October 7, 2009 of a non-brokered private placement of CDN $

$200,000 with accredited investors, friends, management and directors. Under the terms of

this placement, the Company will issue 3,200,000 flow-through common shares, 800,000

common shares and 800,000 warrants.

.........................................................................................................................

The company plans a drilling campaign to better define the zones of gold

mineralization. A 2009 budget about $1,000,000 will be necessary to complete

a drilling campaign about 5,000 meters, will follow by a compilation of

the project.