DSP Diamondex Resources Ltd. (Tier1)

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Diamondex Resources Ltd. (TSX VENTURE:DSP) (the "Company") wishes to announce
that it has completed a non-brokered private placement of 7,000,000 common
shares at $0.07 per share for gross proceeds of $490,000. The placement with two
arms' length purchasers has no finders' fee payable.


All securities issued in connection with this financing will be subject to a
hold period trading restriction expiring on April 2, 2009.


The gross proceeds from the private placement will be used for working capital.

DIAMONDEX RESOURCES LTD.

Randy C. Turner, President

Diamondex Resources Ltd. (Tier1) (TSXV:DSP)
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