PAN Pangolin Diamonds Corp

Pangolin Diamonds Corp. (TSX VENTURE:PAN) (the "Company" or "Pangolin")
announced it has discovered a second kimberlite at its 100% owned Tsabong North
Project in Botswana. 


The Company is also pleased to welcome Manfred R. Marx as a consultant to
Pangolin's on-site exploration team. Mr. Marx is a prominent geologist who led
the field team that discovered the Orapa Diamond Mine, the second largest open
pit diamond mine in the world.


Dr. Leon Daniels, B.Sc., Ph.D., Chairman of the Board of Pangolin, stated: "With
his vast experience and proven track record in diamond exploration, Manfred Marx
adds enormous value to the Pangolin team."


New Kimberlite Discovery

Pangolin's newly discovered Magi-02 kimberlite at Tsabong North, along with the
previously announced Magi-01, are two of seven new kimberlites found in Botswana
in the last five years.


Mr. Marx, following a site visit and visual inspection of core samples of both
kimberlites, infers that they may contain micaceous sandy tuffs similar to those
observed in the lamproite volcanic structure at the Argyle Diamond Mine. He
stated: "I am extremely encouraged with Pangolin's exploration results to date
and look forward to building on that success." 


The Argyle Diamond Mine (www.argylediamonds.com.au), which exploits a lamproite
volcanic structure, is one of the world's largest diamond producers and is the
largest producer of natural coloured diamonds. It currently has a grade of 4
carats per tonne. 


Based on these positive results, two additional core drill holes intersecting at
least 100 meters of kimberlite will be drilled on the Magi-01 and Magi-02
kimberlites for kimberlite indicator mineral and microdiamond recovery. The
Company will continue to drill other previously identified kimberlite targets in
the immediate area of the Tsabong North project prior to returning to the
already identified kimberlites. 


About Manfred R. Marx

Manfred Marx, B.Sc., Diploma Environmental Sc., has over 47 years of diamond
exploration experience. He graduated from Cape Town University in 1965 and began
his career working for De Beers in Botswana under Dr. Gavin Lamont. 


Mr. Marx led the field team that discovered the Orapa Diamond Mine
(www.debeersgroup.com/Operations/Mining/Mining-Operations/Debswana/Orapa) in
April, 1967. Orapa's 110 hectare kimberlite pipe is now the second largest open
pit diamond mine in the world, generating approximately US$1 billion in annual
revenues. More recently, Mr. Marx has acted as a consulting geologist for other
diamond exploration companies in Australia, Angola, Botswana and Namibia.


About the Tsabong North Project

The Tsabong North Project, located approximately 100 km north of the town of
Tsabong in south-western Botswana, is 1,545 km(2) in size. It is comprised of
anomalous concentrations of kimberlite indicators and has large geo-botanical
features. Pangolin has already identified more than 50 drill-ready aeromagnetic
targets in the Project area, several of which have surface areas exceeding 20
hectares. Exploration activities in the area are guided in part by the
recommendations of a National Instrument 43-101 Technical Report prepared for
the Project.


The Tsabong North Project is situated on the margin of the Archaean Kaapvaal
Craton in a similar tectonic environment to the Orapa kimberlite field. The
mantle-derived garnets from the Tsabong North Project are very similar in
chemical composition to the garnets from the kimberlite of the Letlhakane Mine
in the Orapa area.


About Pangolin Diamonds Corp

Pangolin Diamonds Corp. is building a leading diamond exploration and
development company in the heart of Botswana, the world's leading diamond
producing country by value. The Company is the 100% owner of 11 Prospecting
Licences covering 5,307 km(2), including the Tsabong North, Jwaneng South,
Malatswae and Mmadinare Projects. Pangolin's management and team leaders have
over 135 years of combined diamond exploration experience in southern Africa.
This makes the Company the most experienced diamond explorer in Botswana other
than De Beers Exploration and Debswana. The Company is equipped for exploration,
with two diamond drill rigs and a fully portable one-tonne per hour Dense Media
Separation Plant used to prepare samples and make diamond concentrates. Pangolin
is well-funded to continue its exploration programs for the next year.


The technical disclosure in this news release has been reviewed and approved by
Dr. Leon Daniels, Ph.D., Member of AIG, Chairman of the Board of Pangolin, and
Manfred R Marx, B.Sc., Diploma Environmental Sciences . Both are Qualified
Persons under National Instrument 43-101 rules.


For more information on Pangolin Diamonds Corp, please refer to:
www.pangolindiamondscorp.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pangolin Diamonds Corp.
Scott Young
Investor Relations
+1.416.488.1370
scott@pangolindiamondscorp.com


Pangolin Diamonds Corp.
Graham C. Warren
Chief Financial Officer
+1.416.594.0473
+1.416.594.1630 (FAX)
gwarren@pangolindiamondscorp.com
www.pangolindiamondscorp.com

Pangolin Diamonds (TSXV:PAN)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Pangolin Diamonds (TSXV:PAN)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024