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Re: tfant53 post# 23135

Friday, 12/22/2006 9:09:02 AM

Friday, December 22, 2006 9:09:02 AM

Post# of 29858
hohoho tfant53...I guess you were good this year

North Star Diamonds Inc. announces completion of first spinoff, second spinoff announced
BELLINGHAM, WA, Dec. 22 /PRNewswire-FirstCall/ - North Star Diamonds, Inc. (Pink Sheets: NSDM) North Star Diamonds Inc. wishes to announce to the shareholders that the shares of North Star Strategic Minerals, Inc. have been delivered to the DTC (Depository Trust Corporation) and are in the process of being distributed, beginning on Tuesday.

North Star Diamonds Inc. also wishes to announce the second spinoff, North Star & Zale, Inc. The record date has been set for January 5, 2007 at 5:00 p.m. Pacific Standard Time with the payment date scheduled for January 19, 2007. The shares will be issued on a basis of 5 North Star Diamonds Inc. shares for one share of North Star & Zale, Inc. This company is in the process of going public on the OTC Bulletin Board and is presently completing the SB-2 and audited statements. The name of the president and other officers will be named in early January, 2007. This will give the present shareholders shares in three companies: North Star Diamonds Inc., North Star Strategic Minerals, Inc. and North Star & Zale, Inc. 'All three companies will now contribute value to the shareholders,' states Walter Stunder, who is currently the president of all three. 'We can look forward in anticipation of a good year in 2007 and I take this opportunity to wish all our shareholders a very Merry Christmas and a Happy and Prosperous New Year.'