CMKM Diamonds Inc. (fka CMKX)

[mretgnol]

Sadly for the shareholders, nothing.

Because Urban botched the United Carina deal.


Urban's signed default on United Carina and others, to the SEC and notice of. All rights are legally forfeited in a default. You do NOT get to keep any rights, the deal is terminated.


Item 1.02 Termination of a Material Definitive Agreement



United Carina Default


Under the terms of the agreement between CMKM and United Carina on October 23, 2004, CMKM was obligated to spend a total of $500,000 on exploration of the Hatchet Lake properties over the 12 months from the date of the agreement. CMKM does not have the necessary capital to meet this obligation and has therefore defaulted under the terms of the agreement. Furthermore, due to the ongoing Securities and Exchange Commission investigation currently being conducted, CMKM has been unable to raise the necessary capital needed to meet the requirements of the above mentioned agreement. Since CMKM was not able to meet its obligations to United Carina, CMKM deemed it to be in the best interest of CMKM to assign its interest in United Carina to Entourage as described in Item 1.01 above.

On October 20, 2005, the agreement between CMKM and United Carina was officially terminated upon the signing of the Assignment Agreement with Entourage Mining. There are no material early termination penalties as a result of the agreement being terminated, but CMKM has consented to and agreed to hold harmless Entourage for entering into the new agreement with United Carina.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



CMKM DIAMONDS INC.


By: /s/ Urban Casavant

Urban Casavant,

President and Chief Executive Officer

Date: October 21, 2005


https://www.sec.gov/Archives/edgar/data/1092299/000107704805000578/cmkm_entourage-102105.htm