PAN Pangolin Diamonds Corp

Editors note: There is a photo associated with this release.

Pangolin Diamonds Corp. (TSX VENTURE:PAN) (the "Company" or "Pangolin") is
pleased to announce the discovery of a volcanic intrusion with diamond-inclusion
type ilmenites (the "SWS-21"), located in the Company's 100% owned Mmadinare
Diamond Project (the "Project") in northeastern Botswana. This is one of the
four Project Areas for which Pangolin has exploration licences. An update and
overview of Pangolin's Tsabong and Jwaneng Project Areas will be released in the
coming weeks.


Mmadinare Project Highlights include:



--  Independent laboratory analysis by CF Mineral Laboratories Inc. of
    Kelowna, BC, Canada returned five manganese-rich or "Mn-ilmenites"
    recovered from the SWS-21; 
    
--  The five Mn-ilmenites were recovered from 20 kilograms of material taken
    from a discovery pit at a 2 meter depth in the central part of the
    intrusion; 
    
--  The five Mn-ilmenites recovered from the SWS-21 are similar to ilmenites
    reported by Dr. Felix V. Kaminsky and co-workers from 2001 to 2009 as
    inclusions in diamonds and from diamondiferous kimberlites in the Juina
    area of Mato Grosso, Brazil. Those ilmenites are reportedly derived from
    the lower mantle of the earth and are important diamond indicator
    minerals; 
    
--  The Juina area had economical kimberlites containing type IIa pink
    diamonds as reported by Diagem Inc. in 2007 & 2008 (information on these
    kimberlites can be found on Sedar.com in Diagem's news releases and
    Technical Report 43-101 F1 resource estimates). The report, authored by
    Dr. Felix V. Kaminsky, a Qualified Person under National Instrument 43-
    101 rules, corroborates his 2001 publication "Super Deep Diamonds from
    the Juina area, Mato Grosso State, Brazil"; 
    
--  Enzyme-leach trace element results from the SWS-21, identified by the
    independent analysis of material sent to Activation Laboratories Ltd. of
    Ancaster, Ontario, are consistent with orientation trace element results
    over known diamondiferous kimberlites in the Jwaneng kimberlite field; 
    
--  The SWS-21 was discovered through pitting from surface and has
    negligible overburden; and 
    
--  Multiple diamond-inclusion type manganoan ilmenites were recovered from
    soil samples collected in a different part of the Project Area. 



Pangolin is continuing exploration work on the SWS-21. A team is currently on
site excavating trenches to delineate the surface area. The team will dig at
least three exploration pits to a minimum 5 metre depth and process at least 100
tonnes of material through Pangolin's Dense Media Separation plant. The
concentrate will be sent to an independent laboratory for the possible recovery
of macro-diamonds. In addition, sampling will be conducted to locate the source
of the Mn-ilmenites recovered from stream sediment soil samples.


Dr Leon Daniels, B.Sc., Ph.D., Chairman of Pangolin, stated, "The discovery of
the SWS-21 intrusion Mn-ilmenites, similar to those reported as diamond
inclusions from Brazil, is a significant development for our Mmadinare Diamond
Project, where our focus is to discover near-surface, high grade diamondiferous
kimberlites for in-house diamond production. The team on the ground is highly
motivated by these positive results."


About the Mmadinare Diamond Project

The Mmadinare Project is 1,345.6 square kilometers in size and located in the
north-eastern portion of Botswana. It has geobotanical features similar to known
kimberlites.


There are similar geological environmental indicators to known mines such as
Venetia, the Oaks, Martinsdrift, and River Ranch.


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 km2, 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.


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


To view the photo associated with this release, please visit the following link:
http://media3.marketwire.com/docs/pan-F1.pdf.


References:

Kaminsky, F.V., Zakharchenko, O.D., Davies, R., Griffin, W.L.,
Khachatryan-Blinova, G.K., Shiryaev, A.A. (2001) Superdeep diamonds from the
Juina area, Mato Grosso State, Brazil. Contributions to Mineralogy and
Petrology, v. 140 (6), p. 734-753.


Kaminsky, F.V., Belousova, E.A. (2009) Manganoan ilmenite as kimberlite/diamond
indicator mineral. Geologia i Geofizika (Russian Geology and Geophysics), v. 50
(12), p. 1212-1220.


Kaminsky, F.V., Khachatryan, G.K., Andreazza, P., Araujo, D., Griffin, W.L.
(2009) Super-deep diamonds from kimberlites in the Juina area, Mato Grosso
State, Brazil. Lithos, v. 112S (2), p. 833-842.


Cautionary Statements regarding Diagem Inc.'s Technical Report NI 43-101 F1 on
exploration results and resource estimates:


Mineralization on adjacent properties is not necessarily indicative of
mineralization on a subject property.


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 a
Qualified Person under National Instrument 43-101 rules.


Neither the TSXV nor its Regulation Services Provider (as that term is defined
in the policies of the TSXV) accepts responsibility for the adequacy or accuracy
of this release.


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

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