This news release is not for distribution to United States newswire services or
for dissemination in the United States.


Dianor Resources Inc. (TSX VENTURE:DOR) has completed a previously-announced
(press releases September 27th 2010, October 5th 2010 and October 12th 2010)
initial draw down of $500,000 under its equity line of credit with Kodiak
Capital Group, LLC by issuing 7,269,555 common shares at a price of $0.06878 per
share. In addition, as previously announced, Dianor issued 908,397 shares in
partial consideration for the equity line of credit.


Additional draw downs under the equity line of credit with Kodiak Capital will
be under the formula in the Amended and Restated Standby Equity Distribution
Agreement dated July 9, 2010, between Dianor and Kodiak, as amended and in the
Short Form Prospectus (www.sedar.com) which states that the drawdown will be
calculated as follows: " 200% of daily volume of the Common Shares on the TSXV
for the three Trading Days immediately prior to the date of delivery of the
Draw-Down Notice, calculated by dividing the total volume of Common Shares
traded on the TSXV for such period by three, multiplied by the average closing
price of the Common Shares on the TSXV for the same period. The price per
Subscription Share to be paid by the Subscriber (the "Purchase Price") will be
equal to the volume weighted average price of the Common Shares on the TSXV for
each Trading Day during the Draw-Down Pricing Period (the "Market Price"), less
a discount of 10%, subject to a minimum Purchase Price of $0.05. The number of
Subscription Shares to be purchased by the Subscriber on each Settlement Date
will be equal to the Draw-Down Amount divided by the Purchase Price."


About Dianor 

Dianor is an innovative exploration company focused on advancing diamond
exploration properties in the Superior Craton of Canada. The Leadbetter Diamond
Project is its most advanced project and is geographically well situated and
easily accessible, some 12 kilometres north east of Wawa in Northern Ontario.
Substantial exploration work has been conducted on the project since 2005 and in
May 2009, the Company received government approval to proceed with a 50,000
tonne bulk sampling programme of the 2.697 Ma old Archean Conglomerate. A
preliminary tonnage estimate for this conglomerate is in the range of 549
million to 583 million tonnes (press release July 24th 2007). In addition to
diamonds, the conglomerate contains gold, sapphires and rubies (press release
January 18th 2007). In 2008, additional diamond discoveries, including rare
purple diamonds, were made by the Company in rocks of similar type, age
(Archean) and geological settings (press release March 3rd, April 10th, & May
13th 2008) in Quebec. The Quebec diamond properties have increased our portfolio
of low cost, accessible exploration targets. These diamond discoveries (Ontario
and Quebec) are both unique and amongst the oldest diamond-bearing occurrences
in the world.


Forward-Looking Statements

This news release contains statements that may constitute "forward-looking
information" or "forward-looking statements" within the meaning of applicable
securities legislation. This forward-looking information is subject to numerous
risks and uncertainties, certain of which are beyond the control of Dianor
Resources Inc. ("Dianor"). Actual results or achievements may differ materially
from those expressed in, or implied by, this forward-looking information. No
assurance can be given that any events anticipated by the forward-looking
information will transpire or occur, or if any of them do so, what benefits that
Dianor will derive therefrom. Forward-looking information is based on the
estimates and opinions of Dianor's management at the time the information is
released and Dianor does not undertake any obligation to update publicly or to
revise any of the forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required by applicable
securities laws.
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