DSP Diamondex Resources Ltd. (Tier1)

Diamondex Resources Ltd. (TSX VENTURE:DSP) (the "Company") is pleased to
announce that the Company has commenced drilling on its nickel property (the
"James Bay Property") in the James Bay area of northern Ontario.


The 2,000 metre program will focus on priority geophysical anomalies in Area 1,
a subset of the three roughly contiguous claim blocks of the 414,000 acre
property (see www.diamondex.net for project location and description). Cyr
Drilling Ontario Inc. has been contracted to provide the diamond drilling
expertise that will see up to 10 priority targets tested before the middle of
April.


During 2008 approximately 13,000 line-kilometres of versatile time domain
electromagnetic ("VTEM") surveys were flown over the James Bay Property. To
date, 78 strong conductors with minimum conductance values greater than 100
siemens have been identified over the breadth of the Property. The resulting
targets, up to ten of which will be tested during the current program, are
interpreted to be underlain by similar volcano-sedimentary stratigraphy to that
which hosts Noront's Double Eagle nickel deposit and Spider-KWG's McFauld's Lake
VMS deposits.


The Company owns 90% of the James Bay Property and Canada Nickel Corp. retains
an undivided 10% interest.


The Company is one of the largest property holders in the area, and has
established a leading position in what could be one of Canada's last unexplored
volcanic belts with demonstrated economic potential.


David Clarke, P.Geol., MSc., Senior Vice President of Exploration for Diamondex
Resources Ltd. is a Qualified Person as defined by National Instrument 43-101
and is responsible for program design and quality control of exploration
undertaken by Diamondex Resources Ltd.


DIAMONDEX RESOURCES LTD.

Randy C. Turner, President

Certain of the statements made and information contained herein is
"forward-looking information" within the meaning of the British Columbia
Securities Act. This includes statements concerning the Company's plans at its
mineral properties, which involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the Company, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking information. Forward-looking information is subject to a variety
of risks and uncertainties which could cause actual events or results to differ
from those reflected in the forward-looking information, including, without
limitation, the ability of the Company to continue to be able to access the
capital markets for the funding necessary to acquire and maintain exploration
properties and to carry out its desired exploration programs; inability to fund
the Company's share of costs incurred under joint venture agreements to which it
is a party, and reduction or elimination of its joint venture interest as a
result; competition within the minerals industry to acquire properties of merit,
and competition from other companies possessing greater technical and financial
resources; difficulties in executing exploration programs on the Company's
proposed schedules and within its cost estimates, whether due to weather
conditions in the areas where it operates, increasingly stringent environmental
regulations and other permitting restrictions, or other factors related to
exploring in the north, such as the availability of essential supplies and
services; factors beyond the capacity of the Company to anticipate and control,
such as the marketability of minerals, government regulations relating to
health, safety and the environment, the scale and scope of royalties and taxes
on production; unusually mild winter conditions affecting or delaying the
opening of the winter roads and resulting difficulties in transporting materials
needed to support various exploration projects and resulting increased costs of
transport by air; the availability of experienced contractors and professional
staff to perform work in a competitive environment and the resulting adverse
impact on costs and performance and other risks and uncertainties, including
those described in each management discussion and analysis. In addition,
forward-looking information is based on various assumptions including, without
limitation, assumptions associated with exploration results and costs and the
availability of materials and skilled labour. Should one or more of these risks
and uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those described in forward-looking
statements. Accordingly, readers are advised not to place undue reliance on
forward-looking information. 

Except as required under applicable securities legislation, the Company
undertakes no obligation to publicly update or revise forward-looking
information, whether as a result of new information, future events or otherwise.

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