BELLINGHAM, WA, Aug 30, 2005 /PRNewswire-FirstCall via COMTEX/ -- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM) is pleased to announce it has reached a joint drilling program agreement with U.S. Canadian Minerals, Inc. (Pink Sheets: USCA) for Phase 4 (Whitemouth Lake).
Diamond exploration on Phase 4 (Whitemouth Lake) will begin with geophysical work followed by a drill program on three targets. USCA will initially earn 20% of the joint drilling program, 50% by spending $500,000 US on further development, and 80% ownership for bringing the site into production. USCA has also issued 139,534 shares of stocks to North Star Diamonds Inc. and will pay for all exploration and drilling costs while North Star Diamonds Inc. will continue to be operator of the project. Walter Stunder, President and CEO of NSDM, and Rendal Williams, President of USCA, will be traveling to Manitoba to meet with the geologist and drillers as well as government officials.
"We are pleased to have USCA and Rendal Williams take an active role in the Manitoba diamond exploration project," stated Walter Stunder, "Mr. Williams has previous diamond exploration near this area and is an asset to the project."
Drilling will commence as soon as geophysical work is complete and drilling equipment is available.
DIAMOND DISCOUNTS
NSDM is pleased to extend the diamond discount to U.S. Canadian Minerals, Inc. shareholders. Please call us at 877-454-7872 or email us at sales@northstardiamonds.net for further information. Marina Chakharian, NSDM's diamond consultant, will be happy to assist you with your purchase.
ABOUT NORTH STAR DIAMONDS, INC.
North Star Diamonds, Inc. is a diamond exploration and diamond sales company. The Company holds 117,820 acres of strategically acquired diamond claims mostly in the Southern Manitoba area of Canada. The company markets diamonds in Canada and the United States. North Star Diamonds, Inc. has offices in Bellingham, WA and Vancouver, BC. www.northstardiamonds.net
CONTACT: Toll Free: 1-877-454-7872,
