Replies to post #395 on Find Diamonds, Make Money

[Tackler]

Archangel Diamond Corporation is an international diamond exploration company that currently owns a 40% interest in Almazny Bereg ("AB"), a Russian international open joint stock company, which conducts exploration on the Verkhotina license area in the Oblast of Arkhangel'sk in northwestern Russia. De Beers Consolidated Mines Ltd. recently stated in a technical assessment study based on all exploration work completed through November 3, 1999, that the Grib Pipe, located within the Verkhotina license area, has an estimated resource of approximately 98 million tonnes of kimberlite to a depth of 500 meters, containing some 67 million carats of recoverable +1 mm diamonds at an average mining grade of 69 carats per hundred tonnes and an average life-of-mine revenue value of US$79 per carat. For the past three years, Archangel has persistently sought political and legal assistance in an effort to cause its Russian joint venture partner to transfer the Verkhotina Diamond License, pursuant to underlying contracts, to Almazny Bereg.