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CMKM Diamonds, Inc. Announces Purchase of 75 Billion Shares Issued to Nevada Minerals, Inc. for Acquisition of Mineral Rights in Saskatchewan, Canada
via COMTEX

December 18, 2004

LAS VEGAS, Dec 18, 2004 (BUSINESS WIRE) --

CMKM Diamonds, Inc. (Pink Sheets:CMKX) announced today that it has repurchased the 75 billion shares of the common stock stocks issued to Nevada Minerals, Inc. in July of 2004 to acquire mineral rights in Saskatchewan, Canada. The shares were restricted. The purchase price for the shares was $ 2.2 million, of which $2 million was in the form of a note payable in one year. "Being able to reacquire these shares for this price is a great opportunity for the Company," said Urban Casavant, the Company's CEO.

www.casavantmining.com

There is no guarantee that further exploration or drilling will produce any economic benefit to the company or the shareholders of the company.

This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"). All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.

SOURCE: CMKM Diamonds, Inc.

CMKM Diamonds, Inc. Andrew Hill, 306-752-3755 or 877-752-3755 [e-mail]

Copyright (C) 2004 Business Wire. All rights reserved.

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