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Gold/Mining/Energy : Canadian Diamond Play Cafi -- Ignore unavailable to you. Want to Upgrade?

To: jrhana who wrote (1091)	7/22/2003 3:05:33 PM
From: Rocket Red	Read Replies (1) \| Respond to of 16203

Marketing deal for diamonds before the diamonds are found. Hmmmmmmmmmmmmmm JULY 22, 2003 - 13:42 ET DIOS Exploration Inc.: Strategic Diamond Marketing Agreement With Diarough MONTREAL, QUEBEC, CANADA--DIOS EXPLORATION INC. announces the closing of a diamond marketing agreement with the Diarough Group from Antwerp, Belgium. Following private placements of at least one million dollars in DIOS, Diarough will be granted an option on diamond rights held by DIOS. Diarough will eventually buy rough diamonds to be produced from DIOS' share of diamond production on its properties and net profits shall be divided half and half between DIOS and Diarough. Diarough just completed a private placement of $250,000 in DIOS for 500,000 shares at $0.50 per share with a warrant exercisable at $0.65 for 12 months. Pursuant to the marketing agreement, Diarough is required to exercise for at least $250,000 of warrants at $0.65 before mid-April 2004 and to keep all its shares then issued. Other placements are also provided for, totalling at least $1,000,000, also with diverse restrictions on resale to keep the marketing agreement in force. M.J. Girard, President of DIOS, said "Diarough becomes a significant shareholder and business partner in helping advance the development of DIOS. The Diarough Group is involved worldwide in many facets of the Diamond Business from Rough dealing, Manufacturing, Polished marketing and Jewelry manufacturing. DIOS is thus creating business relations on a worldwide scale and strengthening its financial structure. This is a unique status for a young diamond explorer. The Diarough group is forming a strategic alliance with a most dynamic explorer and will have access to strategic diamond projects in Canada. DIOS is generating its own projects and may continue to farm them out under this agreement, which relates only to DIOS' share of rough diamonds". DIOS is actively pursuing its exploration programs on its different projects this summer, in particular in the Otish region of Quebec where are located the 33 Carats (being farmed out to De Beers) and the Hotish projects. Following the acquisition of 47 claims from one individual, DIOS now has a total of 1,525 sq. km of strategic diamond properties with diamond window basal till chemistry in the Otish. SIRIOS RESOURCES INC. is the major shareholder of DIOS. In addition, DIOS completed a second private placement this week with another individual, consisting of 400,000 Common Shares at a price of $0.50 per share with 400,000 warrants exercisable at $0.65 for 24 months, with a hold period of 4 months. -30- FOR FURTHER INFORMATION PLEASE CONTACT: DIOS Exploration Inc. Marie-Jose Girard Pres. & CEO (514) 483-5149 (514) 485-2155 (FAX) mjgirard@diosexplo.com or DIOS Exploration Inc. Dominique Doucet Chairman (450) 441-9569 Web Site : diosexplo.com The TSX Venture Exchange has not reviewed and does not, accept responsibility for the adequacy or accuracy of this, release.