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Dianor Resources Inc. (TSX VENTURE:DOR) (OTCQX:RSDNF) announces that it will
issue 3,533,380 common shares to Kodiak Capital Group, LLC in connection with
Dianor's previously-announced draw down of $176,669 under its equity line of
credit with Kodiak Capital (press release February 28, 2011).


The shares will be issued at a deemed price of $0.05 per share, representing the
"Minimum Price" in compliance with the policies of the TSX Venture Exchange. 


As previously announced (press releases September 27, 2010), Dianor will issue
91,603 shares to Kodiak in consideration for the equity line of credit at the
closing. Closing of the draw down is expected to take place no later than March
9, 2011.


Dianor will file a prospectus supplement with the applicable Canadian securities
authorities qualifying the shares to be issued to Kodiak. When filed, the
prospectus supplement will be available under Dianor's company profile on SEDAR
at www.sedar.com. Dianor's base shelf prospectus dated September 13, 2010 is
currently available on SEDAR.


About Kodiak Capital Group, LLC 

Kodiak Capital Group, LLC is engaged in assisting growth companies in all facets
of their long term strategy by providing capital and progressive business
solutions. Kodiak manages a portfolio of investments in public and private
equities. Founded in 2009, Kodiak has already transacted in excess of $500
million in financing for companies across a multitude of industries, including
biotechnology, business services, consumer products, defense, healthcare,
Internet, manufacturing, medical devices, natural resources, oil and gas,
renewable energy and wireless communications. Headquartered in New York City,
Kodiak has assisted companies throughout North America and Australia. 


More information can be found at: www.kodiak-capital.com

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.


You can also visit our Web Site: www.dianor.com

This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act"), or any state securities laws, and may
not be offered or sold within the United States or to United States Persons
unless registered under the U.S. Securities Act and applicable state securities
laws or an exemption from such registration is available.


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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