News Release - Thursday, November 04, 2010Diamonds North Reports High Gold Values and Triples Strike Lengthon HI-1======================================================================= VANCOUVER, November 3, 2010 - Diamonds North Resources Ltd. (TSX-V:DDN) reports gold values of 7.92 g/T Au over a 4.25 metre chip sampleincluding a 16 g/T Au assay over 0.25 metres on its 100% owned HI-1Gold Prospect located on the Halkett Inlet project, Nunavut. Thiscontiguous chip sample confirms the 2009 results of 9.4 g/T Au over 3metres and a grab sample of quartz feldspar porphyry (QFP) dykecontaining 24.3 g/T Au (see News Release NR09-15, October 19th, 2009). Refer to Table 1 below for the 2010 results from this area. Table 1. Project Sample Width (m) Au (g/T)HI-1 E855092 2.0 8.64HI-1 E855093 2.0 6.19HI-1 E855094 0.25 16.0Weighted Average 4.25 7.92 The combined 2009 and 2010 results have now increased the length of theanomalous gold bearing zone, where exposed, from 45 metres sampled in2009, to at least 165 metres. This gold zone is located within a 450metre long, 100 meter wide oxidized and QFP dyke-swarmed area thatremains open along strike to the east and west. The gold zone is alsolocated adjacent to a younger felsic intrusion and is associated with aprominent northwest trending structure. "This years program has confirmed the high grade gold results from 2009and has not only increased the strike length significantly it hasidentified two possible controlling structures that could lead tofurther increase in the size of the gold zone at HI-1" says MarkKolebaba, President and CEO of Diamonds North. HI-1 is hosted by deformed Archaen felsic and mafic rocks adjacent to ayounger, undeformed, felsic intrusion. The gold bearing unit isintruded by a swarm of QFP dykes that have also returned values of upto 1.81 g/T Au from grab samples. The significance of the gold bearingQFP should not be overlooked as many Archean gold deposits haveassociated QFP bodies, which are directly related to goldmineralization. Additional high gold values were returned from previously untestedoxidized meta-sedimentary gossan zones which include 4.75 g/T Au and3.2 g/T Au from chip samples over 1.0 metre and 2.2 metresrespectively. Grab samples also returned values of up to 3.59, 3.52,2.12 and 1.23 g/T Au. An additional 9 samples collected from theoxidized meta-sedimentary unit also returned values between 0.25 g/T Auto 0.91 g/T Au. The 3.59 g/T Au and 2.12 g/T Au results described above were collectedfrom the western most area of the gold zone which is intersected by a+2 kilometre long northwest trending structure likely related to the150 kilometre long Halkett Inlet fault zone. This structure as wellthe contact zone is important as they could potentially be conduits formineralizing fluids. These structures totalling at least 4 kilometresof strike now represent further potential for gold mineralization atHI-1 and are considered prime areas for follow-up in 2011. Theprospect is located less than 8 kilometres from the coast. Future work plans for this prospect include immediate detailedstructural analysis prior to additional rock and soil sampling,prospecting and geophysical surveying to define drill targets inanticipation of a drill program to be initiated in 2011. Explorationwill focus on the areas along the Northwest trending structure and thecontact zone of the younger felsic intrusion which is parallel to thestrike of the known gold mineralization. These target areas extend inthe Northwest-Southeast and East-West directions for at least twokilometres each.
