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NEWS RELEASE
DNI METALS INC. - June 18, 2010
DIAMOND HUNT RESUMES WITH DRILL PROGRAM ON DNI's ATTAWAPISKAT
PROPERTY
DNI METALS INC.
(DNI:TSX-Ven, DG7:FSE) is pleased to announce that the hunt for
diamonds has resumed on its Attawapiskat Property located seven
kilometres south of DeBeers’ Victor diamond mine, Ontario. A drill
program is scheduled to commence in two weeks, to consist of ten
core holes and twelve auger holes.
DNI’s Attawapiskat Property is under option to KEL-EX
DEVELOPMENT LTD, a
private corporation under Mr.C.Fipke's control. The Property is
being explored by KEL-EX
at no cost to DNI, under separate arrangements with METALEX
VENTURES LIMITED (MTX:TSX-Ven),
BIG RED DIAMOND
CORP. (DIA:TSX-Ven) and ARCTIC
STAR DIAMOND CORP.
(ADD: TSX-Ven). DNI retains a 10% carried interest to production in
the Property and a 5% interest in certain surrounding areas if
acquired by KEL-EX.
In press releases yesterday, METALEX, ARCTIC
STAR and BIG RED
announced that a drill program is scheduled to commence in two weeks
on the Property focusing on the search for the source to the D6
diamond indicator mineral fan, and to also test for the up ice
source of a highly anomalous auger sample containing diamond
indicator minerals and kimberlite fragments.
In a news release dated July 6, 2009, METALEX
had previously announced the recovery of diamonds and diamond
indicator minerals from two small samples of kimberlite breccia
intersected by shallow, small diameter, core drilling in the D6 fan.
METALEX also noted that the recovery of
diamonds in such small samples is extremely encouraging as diamonds
are rare even in the Victor kimberlite.
Additional information on the Attawapiskat Property and prior
exploration results are available from DNI’s website (www.dnimetals.com)
and from press releases by METALEX and its
partners.
DNI continues to focus its efforts on its polymetallic black shale
Properties in Alberta, and on its carried interest in the recent
diamond discovery from its Attawapiskat Property, Ontario.
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.
DNI - TSX Venture
DG7 - Frankfurt
Issued: 23,236,001
For further information, contact:
DNI Metals Inc. - Shahe Sabag, President & CEO or Denis Clement,
Chairman (416-595-1195)
email ir@dnimetals.com. Also visit www.dnimetals.com
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