Tanzanian Royalty Concludes Definitive Agreement for Mwadui Diamond Project With Kazakh-Funded Company

Tanzanian Royalty (Toronto:TNX) (AMEX:TRE) is pleased to announce the signing of a Royalty Agreement with Kazakh Africa Mining Ltd. for its 21 Mwadui Project Area diamond licenses in the Lake Victoria Greenstone Belt of Tanzania.

Two of Kazakh Africa's directors hold prominent positions with the Almatyenergoservice Ltd., a Kazakhstan-based energy company. Kazakhstan is the largest of the former Soviet republics after Russia and it possesses enormous fossil fuel reserves. Its industrial sector relies heavily on the extraction and processing of natural resources.

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Fort a la Corne Joint Venture: Orion South diamond results 3.61, 3.31, 3.03 and 2.66 carat diamonds in 398.38 carat parcel

George H. Read, P. Geo., Senior Vice President Exploration and Development, is pleased to announce the sixth set of diamond results from underground bulk sampling of the Orion South Kimberlite, within the Fort a la Corne Joint Venture (FALC-JV) where Shore is the operator with a 60 percent interest and Newmont Mining Corporation of Canada Limited (Newmont) has 40 percent. The diamond recoveries total 398.38 carats from 4,405.69 dry tonnes of kimberlite processed. Included in this release are results for 13 kimberlite batches. A total of 2,868 commercial sized diamonds (greater than 1.18 millimetre square mesh screen), collectively weighing 397.82 carats, has been recovered from these 13 batches.

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African Queen Mines' Sampling Yields G10 Garnets and Other Kimberlitic Indicators Over Key Diamond Targets on Its Okavango Project in Botswana

AFRICAN QUEEN MINES LTD. (the "Company") (TSX-V: AQ) is pleased to announce that results of geochemical sampling from its Okavango property in the Ngamiland area of Northwest Botswana have now confirmed the presence of G10 garnets and other kimberlitic indicator minerals on its key diamond targets. The Okavango property comprises three Prospecting Licences covering approximately 2592 km2 held by the Company's wholly-owned subsidiary, PAM Botswana (Pty.) Ltd. It is situated on a recently recognised extension of the Archaean Congo Craton, which hosts numerous economic kimberlite and alluvial diamond deposits. The property is covered by sands of the Kalahari Desert of variable thickness, averaging approximately 60 m. This helps to account for the fact that the strong targets recently identified by the Company were previously overlooked.

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Mountain Province Announces Results of Independent Diamond Valuation for Gahcho Kue Project

Price per Carat Increases by 63% to $135 per carat

Mountain Province Diamonds Inc (TSX: MPV, AMEX: MDM) ("the Company") today announced the results of an independent valuation of the diamonds recovered from the Gahcho Kué Project during the exploration phase. The valuation was conducted by WWW International Diamond Consultants Ltd. and took place at the London offices of the Diamond Trading Company on 22 and 23 September 2008. Subsequent to the valuation, WWW has revised its Price Book and all diamond values presented below are based on the WWW Price Book as at 13 October 2008.

Commenting, Mountain Province President and CEO, Patrick Evans, said: "We are pleased with the results of this independent diamond valaution. The encouraging 63 percent increase in the actual price of the Gahcho Kué diamonds reflects a statistically more robust sample and rising rough diamond prices since our last independent valuation of a smaller and less representative diamond parcel in 2006."

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Shore's current LDD programs near completion

George H. Read, P. Geo., Senior Vice President Exploration and Development, announces that, in anticipation of the completion of the large diameter (LD) drilling programs on the Star Diamond Project (Shore 100 percent) and the Fort a la Corne Joint Venture (FALC-JV: Shore 60 percent, Newmont 40 percent), Shore has given its LD drilling contractor, Nuna Logistics (Nuna), 90 days notice. The notice period is a requirement of the drilling contract that Shore has with Nuna. During the notice period drilling will be completed on the Taurus Kimberlite cluster in preparation for future evaluation, in addition to some final holes on Orion South, which, in combination with the underground bulk sampling results, will be necessary for resource definition.

Read more: Shore Gold Inc ( SGF )