PAN Pangolin Diamonds Corp

Pangolin Diamonds Corp. (TSX VENTURE:PAN) (the "Company" or "Pangolin")
announced that it has discovered a new kimberlite, Martin 01, in the Company's
100% owned Tsabong North Project in Botswana. The Martin 01 kimberlite is
located approximately 12 km north of the Magi kimberlite, reported earlier.


A single hole was drilled into the magnetic target. Geophysical modeling
indicates that the Martin 01 kimberlite may be up to 31 Ha in size (0.31 km2).


Crater facies volcanic sediments were intersected at 85 metres below surface.
Sandy tuffs were intersected at a depth of 105 metres. 


This kimberlite is distinguished from other kimberlites in the region in that it
has a cover of Karoo sediments, including poorly developed thin coal seems. This
is the first recorded discovery of a kimberlite in Botswana below the Karoo
Formation in the area.


Core samples are being submitted to independent laboratories to recover any
indicator minerals, and any diamonds. 


Dr Leon Daniels, PhD, Chairman of the Board of Pangolin, stated: "The discovery
of an additional kimberlite within the project area is highly encouraging. The
fact that it is covered by Karoo age rocks indicates the significance of not
stopping the search for more kimberlites." 


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 km2 in size. It is comprised of
anomalous concentrations of kimberlite indicators and has large geo-botanical
features. Pangolin has identified more than 50 drill-ready aeromagnetic targets
in the Project area, several of which have surface areas exceeding 20 Hectares
(0.2 km2).


The Tsabong North Project is situated on the margin of the Archaean Kaapvaal
Craton in a similar tectonic environment to the Orapa kimberlite field.
Forty-five mantle-derived garnets inclusive of high pressure garnets were
discovered in the drill core Magi-01/01. These garnets are very similar in
chemical composition to the garnets from the Letlhakane Mine in the Orapa area. 


Pangolin's soil sampling has produced highly anomalous concentrations of
kimberlite indicators within the Project area. Microprobe analyses of indicator
minerals have confirmed the presence of G10 garnets, indicating the presence of
a mantle conducive to the crystallization of diamonds. A number of indicators
occur, including remnants of kelyphite that indicate close proximity to
kimberlite. Enzyme-leach trace element results are consistent with orientation
trace element results over known kimberlites near the Project.


The Company cautions that information regarding the Orapa and Tsabong
kimberlites, and Letlhakane Mine or Orapa Mine, are not necessarily indicative
of the kimberlite or kimberlite targets being drilled by the Company. There is
no guarantee that the kimberlite and/or kimberlite targets being drilled by the
Company will return diamond results of any economic significance.


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 9 Prospecting
Licences encompassing 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.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) 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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