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Gold/Mining/Energy : Canabrava Diamond

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To: hank2010 who wrote (2240)3/2/2001 1:36:02 PM
From: Flea   of 2402
 
Canabrava Diamond Corporation: Annual and Special Meeting

VANCOUVER, BRITISH COLUMBIA--Canabrava Diamond Corporation
(CNB-CDNX) announced that all shareholders of record as at April
6, 2001 will be entitled to receive notice of and to vote at the
Annual and Special Meeting of shareholders of the Company, to be
held at 9:00 a.m. on Thursday May 17, 2001 at the Four Seasons
Hotel, Vancouver, B.C.

Canabrava also announced that revised schedules with respect to
Schedule B of the Form 61 for the periods ending December 31,
1999, March 31, June 30 and September 30, 2000 have been re-filed
on SEDAR.

Canabrava retracts the same schedules filed previously
corresponding to these periods. The reason for the retraction was
due to deficiencies which came to light as a result of a
Continuous Disclosure Review performed by the B.C. Securities
Commission on selected companies. According to Section 3(9)(b) of
the Securities Rules, an analysis of exploration expenditures both
on a material property-by-property and period-by-period basis is
required. The Company was providing this analysis on a material
property-by-property basis in the annual financial statements, and
on a period-by-period basis in the interim financial statements.

These re-filings do not affect the dollar amounts of previously
filed financial results. The Company's management is very
committed to the accuracy and reliability of its public disclosure
and will continue to maintain a high standard of reporting in the
future.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Canabrava Diamond Corporation
George H. Plewes, Chairman
(604) 669-2525
(604) 688-5175 (FAX)
Email: info@canabrava.ca
Website: www.canabrava.ca
or
Canabrava Diamond Corporation
Rory O. Moore, President
(604) 669-2525
(604) 688-5175 (FAX)

The Canadian Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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