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Tavycal

01/27/05 3:30 PM

#133654 RE: TSXminer #133568

TSX could I have your thoughts on the GEMM/DIA pr?
TIA
DIAGEM: Report of Indicated Resource of 1,000,000 Carats Present in Joint Venture Property 1000, Juina Diamondiferous Kimberlite and Gravel Province, Mato Grosso, Brazil
Thursday January 27, 11:51 am ET


MONTREAL, QUEBEC--(CCNMatthews - Jan. 27, 2005) - DIAGEM INC. (TSX VENTURE:DGM - News) - An indicated resource of 1,000,000 carats built up over the years has been developed by the end of 2004, on Property 1000. The property is held jointly by DIAGEM INC. (DGM) of Montreal, Quebec, Canada (51%) and JUINA MINING CORP. (JMC) of Las Vegas, Nevada, USA (49%). In Brazil, the name of the joint venture entity is Juina Mining Mineracao Ltda (JMML). The results have been obtained at the conclusion of three separate exploration campaigns carried out in 1999-2000, 2002 and during the last four months of 2004. The indicated resource is contained in Block I which is the most important.
DIAGEM Inc. as operator, and in the name of the Joint Venture, is pleased to report that, in view of these results, it has applied for a Mining Licence in December 2004, to cover Permit 866787/85, otherwise known as Property 1000, by submitting to the Departamento Nacional de Pesquisa Mineral (DNPM), as part of the application, the final report of exploration work done on the property between 1999 and 2004.