24% increase in indicated resource at Etruscan's Blue Gum Diamond Project in South Africa

 Etruscan Resources Inc. (EET.TSX) announced today that its 52% owned subsidiary, Etruscan Diamonds (Pty) Ltd. ("Etruscan Diamonds") has received a National Instrument 43-101 compliant independent resource update on its Blue Gum Diamond Project in South Africa which substantially increases both the indicated resource on the project and the in situ value of the resource. The independent resource update prepared by Dr. Tania Marshall of Explorations Unlimited as of June 30, 2008 estimates that the Blue Gum Diamond Project contains 25.5 million cubic meters of indicated diamond resource which represents almost a 24% increase in the indicated resource from the previous resource calculation in January of this year. The value of the in situ resource has also increased substantially with the steady increase in the market value of rough diamonds experienced over the past year. The value per carat in the report has increased from US$466 per carat to the present value of US$606 per carat. Details of the updated resource are set out below:

Pala Investments Makes Premium Offer To Acquire All Shares of Rockwell Diamonds Inc.

Pala Investments Holdings Limited ("Pala") announced today that, through an indirect wholly owned subsidiary, it is making an offer of $0.36 per share in cash to acquire all the outstanding common shares of Rockwell Diamonds Inc. ("Rockwell", TSX: RDI, JSE:RDI, OTCBB: RDIAF).

The offer includes the rights associated with the common shares under the Rockwell shareholder rights plan, but not other rights, options or warrants.

At $0.36 per share, the offer is valued at $85.7 million and represents a premium of approximately 84.6% over the closing price of the Rockwell common shares on the Toronto Stock Exchange on September 8, 2008, the last trading day prior to the announcement of the offer. It also represents a premium of approximately 83.5% over the volume-weighted average trading price of Rockwell shares on the TSX during the last 20 days on which it has traded.

Stornoway Doubles Size of Aviat's Highly Diamondiferous AV267 Sheet

Conceptual Resource Study Underway

Stornoway Diamond Corporation (TSX: SWY) and Hunter Exploration Group (Hunter) are pleased to provide the following update for the Aviat Project, host to a series of significantly diamondiferous kimberlite pipes and sheets (see map available at http://www.stornowaydiamonds.com/_resources/Kimberlite-Bodies.jpg). The 486,000 acre Aviat Project is located on the Melville Peninsula in eastern Nunavut, Canada, and is a joint venture between Stornoway (90%) and Hunter (10%), with Stornoway holding 100% of the diamond marketing rights.

Exploration activities during 2008 have concentrated on delineating the size and grade potential of the known sheets within the Eastern Sheet Complex ("ESC") in support of the first conceptual resource study at the project. Delineation drilling has also been undertaken on the AV9 kimberlite pipe which was discovered during 2007. Field components of the 2008 Aviat exploration program have now been completed, with the following highlights: