CMKM Diamonds Inc. (fka CMKX)

[smpathy4dadevil]

DIAGEM RECEIVES A LICENSE OF OPERATION FOR KIMBERLITE PIPE COLLIER-04 AND PROVIDES AN UPDATE AND CLARIFICATION ON THE JUINA DIAMOND PROJECT


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News Releases
September 26, 2005
Diagem Receives a License of Operation for Kimberlite Pipe Collier-04 and Provides An Update and Clarification on the Juina Diamond Project







http://www.diagem.com/todo/2005September26.html



In response to a request by regulatory authorities, DIAGEM INC. (“Diagem” or the “Company”) issues the following information about its Juina diamond project in Brazil.

For more complete technical information, the reader is referred to the “TECHNICAL REPORT ON THE JUINA DIAMOND PROJECT, MATO GROSSO STATE, BRAZIL” dated March 28, 2005 and amended August 15, 2005, by Dr. Mousseau Tremblay, and “MINERAL RESOURCE ESTIMATE - CHICORIA DIAMOND DEPOSIT, PROPERTY 213, JUINA, MATO GRASSO, BRAZIL” by Mr. Jeremy Bates, dated May 2005. Both reports are available on SEDAR at www.sedar.com.

Collier-04 - Mining Concession 214

The Company is pleased to announce that on August 11, 2005 it received a License of Operation (LO) from the the Mato Grosso State environmental agency SEMA* (Secretariat Estadual do Meio Ambiente) covering the area on which the kimberlite pipe Collier-04 is located. Under Brazilian Law, in order to obtain a mining concession and licence of operation, the mineral rights holder must demonstrate the presence of mineralization of sufficient grade and quantity to suggest economic potential. The large scale bulk sampling or experimental mining operations contribute to the evaluation of the resource; however, the resource so defined under Brazilian law does not necessarily meet NI 43-101 standards. Under Canadian securities law, pre-feasibility and economic feasibility studies conforming to NI 43-101 standards must be completed and filed with the regulatory authorities before a company can claim to be in commercial production. There have been no such studies conducted on the property and accordingly, there are no mineral reserves outlined by Diagem on its properties.