DOR Dianor Resources Inc.

Dianor Resources Inc. (TSX VENTURE:DOR)(OTCQX:RDSNF) is pleased to announce that
it in light of the increased worldwide demand for iron ore resources, and the
well established iron mining history of the Wawa area, a preliminary review of
the Iron Ore Potential of the Leadbetter Property is being conducted. Most of
the Lucy Iron Range shown on Ontario Department of Mines Map No. 1946-6 "LUCY
IRON RANGE" is located on the Eastern portion of Dianor's Leadbetter Property
approximately 500 metres north east of the outcropping diamond bearing
Leadbetter Conglomerate that is permitted for a 50,000 tonne bulk sample (press
release May13th 2009). Historical drilling and mapping has outlined a 2,300
metre strike length of Iron Formation averaging 105 metres in width on the
property and is open at depth. The iron ores in the Wawa area also contain
Manganese ranging between 1% and 2%. Manganese is an important element in steel
making and at current prices (US$6.50 per 1%Mn per tonne) a valuable accessory
to the iron (TEX Report Limited, January 4th 2011). 


The Jalore Mining Company conducted a diamond drilling program on the Lucy Range
from June 1947 to November 1948. A total of 28,204ft (8,597m) of EX, and 2,144ft
(654m) of BX core was drilled. Jalore used this information to identify a
siderite resource of 11,010,000 tons (9,988,104 tonnes) at a grade of 33.25% Fe
and 2.01% Manganese (Jalore Estimate May 1950). This was defined to a depth of
600 feet (183m) with the ore body being open at depth. Algoma Ore Properties
acquired the rights to this property and in 1967 and 1968 conducted a second
diamond drill campaign of approximately 6,000 ft (1,830m) of EX and XRT core, to
further define the siderite resource identified by Jalore.


A qualified person has not done sufficient work to classify the historical
estimate as current mineral resources and the historical estimate should not be
relied upon or understood to indicate the existence of reserves or resources.


Algoma started a small open pit in the siderite in 1967 and terminated
operations in 1970 after operating capacity upgrades at the MacCleod Mine (Helen
Range) enabled single sourcing of their ore requirements. A total of 1,051,000
tons (953,446 tonnes) had been mined at an average grade of approximately 32.8%
Fe and 2.01% Mn. 


Based on limited historical sampling and assaying from 39 drill holes that
intersected Iron Formation the average iron grade was 23%Fe and 1%Mn. Dianor or
a qualified person has not verified these assays or sampled/assayed this Iron
Formation and these historical assays should not be relied upon or understood to
indicate that this is the actual iron or manganese grades.


Dianor has recently received the diamond drill logs and assay results from these
two exploration programs. Based on these historical assays and geological
interpretations the potential of the Lucy Iron Range is being reviewed and
updated. The data indicates the existence of three contiguous zones of Iron
Formation (Taconite) with two zones containing the higher grade siderite pods as
follows:


WEST ZONE:

Iron Formation Taconite: Length 570m x Width 50m - open at depth

Sedimentary Siderite Pod: Length 460 m x Width 14m - open at depth

CENTRAL (LUCY) ZONE:

Iron Formation Taconite: Length 860m x 100m - open at depth

Sedimentary (Lucy Pit) Siderite Pod: Length 725 m x Width 30m x Depth 183m+

EAST ZONE:

Iron Formation Taconite: Length 870m x Width 150m - open at depth

Although the Iron Formation (Taconite) is lower than the grade originally mined
from the Lucy Pit (siderite) it is consistent with the grades many current iron
ore projects in Canada and Taconite based Iron ore producers in the United
States. In 2010 Taconite mines in Minnesota mined 34.3 million tons versus 17.1
million tons in 2009, with a mined grade of 20% to 25% Fe. (Minnesota Department
of Revenue 2010 report). In the Canadian context, WISCO International Resources
(China) and Red Rock Capital, announced they were entering a Joint Venture to
advance iron ore projects owned by Red Rock through Century Holdings (RRD:
TSX-Venture press releases, January 25th and February 25th 2011). One of these
projects is their Duncan Lake Iron Ore Project in the James Bay region of
Quebec. A recent news release describes it as an "Algoma Type" deposit, with
potential grades ranging from 23.29% Fe to 24.6% Fe.(AUV: TSX-Venture press
releases, February 4 th and December10th 2010)


Dianor is cautiously optimistic about the potential of the Lucy Iron Range
potential and once all of the data has been compiled and evaluated a decision
will be made how to progress forward with this exciting new project. The
Company's main focus is still the advancement of the 50,000 tonne bulk sample of
its flagship Leadbetter diamond project in the same vicinity of the Lucy Iron
Range. Important synergies in cost, infrastructure and project development with
both projects will also be reviewed. It is important to note the year round
accessibility of both projects located close to the mining town of Wawa with its
modern hospital, airport, and experienced mining labour force. From an iron
perspective the project is close to the important international shipping
waterway of the Great Lakes through Michipicoten Harbour. 


Mr. Tom Landers P.Eng is the Qualified Person for the technical content of this
press release. 


Mr. Landers P.Eng. was formerly the Chief Mine Engineer, Mine Manager and
Project Manager for Algoma Steel Inc. (now Essar Steel Algoma) and from 1992 to
1999 he was the Manager of Mines overseeing the Wawa area iron ore mines for
Algoma. In August 2008 he was appointed Project Manager of Dianor's flagship
property, the leadbetter Diamond project.


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. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


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