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Gold/Mining/Energy : DIAMET/(BHP) TSE.DMM.B -- Ignore unavailable to you. Want to Upgrade?

To: Terence Mitchell who wrote (40)	9/29/1998 1:23:00 PM
From: PHILLIP FLOTOW	Read Replies (3) \| Respond to of 123

News release today: SEPTEMBER 29, 1998 Dia Met Minerals: Second Quarter Results KELOWNA, BRITISH COLUMBIA--Dia Met Minerals Ltd. released its quarterly results for the six months ended July 31, 1998. Summarized financial highlights (reported in Canadian dollars) for this period, compared with the six months ended July 31, 1997 are as follows: Six months Six months ended ended July 31, 1998 July 31, 1997 (unaudited) (unaudited) Revenue $ 777,350 $2,330,837 Total expenses before the write off of exploration and development costs of abandoned properties and programs $1,856,419 $3,208,978 Exploration and development costs of abandoned properties and programs written off $2,753 $767,425 Gain on disposal of capital assets and net assets of aircraft operations $39,496 $787,854 Income taxes $256,883 $442 Loss for the period $1,299,209 $858,154 As at As at July 31, 1998 July 31, 1997 (unaudited) (unaudited) Cash position $40,400,088 $42,815,324 Working capital $41,826,133 $43,361,054 Shareholders' equity $61,938,140 $58,569,950 The Ekati Diamond Mine remains on time and within budget for startup of production in October. The entire process plant has been operated including a total sequential startup. All critical components of the process plant (including final recovery) are functioning satisfactorily. In the course of commissioning, diamonds have been recovered. Dia Met Minerals Ltd. is a publicly traded mineral exploration and development company with a primary focus on diamonds. The company holds a 29 per cent interest in the Core Zone joint venture with BHP Diamonds Inc. The joint venture is developing the first major diamond mine in North America, the Ekati Diamond Mine. The Company is also involved in diamond and gold exploration projects in other parts of the world. SIGNED ON BEHALF OF THE BOARD OF DIRECTORS JAMES E. ECCOTT, PRESIDENT FOR FURTHER INFORMATION PLEASE CONTACT: Dia Met Minerals Ltd. Gerald Prosalendis Manager, Investor Relations and Corporate Communications (250) 861-8660 (250) 861-3649 (FAX) Email: geraldpdirect.ca or Dia Met Minerals Ltd. James E. Eccott President (250) 861-8660 (250) 861-3649 (FAX) The American Stock Exchange and Toronto Stock Exchange have neither approved nor disapproved the information contained in this release. PHIL

To: Terence Mitchell who wrote (40)	10/13/1998 11:53:00 AM
From: Famularo	Respond to of 123

More coverage on Diamet. vancouversun.com regards Frank

To: Terence Mitchell who wrote (40)	10/20/1998 5:05:00 PM
From: Famularo	Respond to of 123

Canadian Business ponders diamond price war Dia Met Minerals Ltd DMM.B Shares issued 21,973,496 Oct 19 close $21.10 Tue 20 Oct 98 In the News Canadian Business magazine says in its Oct. 30 issue that while diamond mine buffs were whooping it up in the Northwest Territories this month when Canada's first diamond mine officially opened, a global recession has already caused a severe slump in diamond sales. Writer Peter Verburg asks if this could be the beginning of the world's first diamond price war. Mr. Verburg says that with a worldwide recession looming, this could be the worst time in more than half a century to launch a diamond mine. De Beers would like to market Ekati's diamonds so it can control the flow from the mine. The Central Selling Organization of De Beers, however, is likely to get first crack at no more than 35 per cent of Canada's production, according to Chuck Fipke. Mr. Fipke says that Ekati has no plans to stockpile its diamonds in a market downturn. To negate the impact of Canadian production, De Beers may have to buy the stones on the open market, at a premium, and stockpile them, or slow down production at its own mines in South Africa.