Diamcor Provides Operational and Corporate Update

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Jan 12, 2023

KELOWNA, BC / ACCESSWIRE / January 12, 2023 / Diamcor Mining Inc. (TSXV:DMI, Financial)(OTCQB:DMIFF)(FRA:DC3A, Financial), ("Diamcor" or, the "Company") announced today an operations and corporate update for the Company's Krone-Endora at Venetia Project (the "Project"). Various operational upgrades were advanced and increases in revenue were demonstrated during H2 2022 despite the ongoing power outages experienced throughout South Africa in 2022 which negatively affected processing volumes. The Company's focus in 2023 will remain on additional operational advancements to support the increase of processing volumes over the long-term, with the key near-term objectives being to install supplemental power systems, additional large material processing and diamond recovery systems, the procurement of additional heavy equipment, and to further advance recommended exploration drilling and bulk sampling efforts to further expand the Company's understanding of the geotechnical aspects and the greater potential of the Project.