VAL-D'OR, CANADA--(Marketwire - Feb. 18, 2010) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Dianor Resources Inc. (TSX VENTURE:DOR) is pleased to announce that it intends to proceed with a private placement of 4,000,000 units at a price of $0.075 per unit, for aggregate gross proceeds to Dianor of $300,000. 

Eighty percent (80%) of the units will be comprised of one (1) "flow-through" common share and one (1) common share purchase warrant of Dianor and twenty percent (20%) of the units will be comprised of one (1) non-"flow-through" common share and one (1) common share purchase warrant of Dianor. Each warrant will entitle the holder thereof to purchase one additional common share of Dianor at a price of $0.105 for a period of twelve months from the closing date of the private placement and, thereafter, at a price of $0.15 for an additional period of twelve months. 

Dianor will use the proceeds from the private placement for exploration and development of its properties in the province of Québec and for working capital and general corporate purposes.

Dianor expects to complete the closing of its private placement on or before February 26, 2010.

Under applicable securities legislation, the securities to be issued in the proposed private placement will be subject to a four-month hold period.

ABOUT DIANOR

Dianor is an innovative exploration company focused on advancing diamond exploration properties in the Superior Craton of Canada. The Leadbetter Diamond Project is its most advanced project and is geographically well situated and easily accessible, some 12 kilometres north east of Wawa in Northern Ontario. Substantial exploration work has been conducted on the project since 2005 and in May 2009 the Company received government approval to proceed with a 50,000 tonne bulk sampling programme of the 2.697 Ma old Archean Conglomerate. A preliminary tonnage estimate for this conglomerate is in the range of 549 million to 583 million tonnes (press release July 24^th 2007). In addition to diamonds, the conglomerate contains gold, sapphires and rubies (press release January 18th 2007). In 2008, additional diamond discoveries, including rare purple diamonds, were made by the Company in rocks of similar type, age (Archean) and geological settings (press release March 3^rd, April 10^th,& May 13th 2008) in Quebec. The Quebec diamond properties have increased our portfolio of low-cost, accessible exploration targets. These diamond discoveries (Ontario and Quebec) are both unique and amongst the oldest diamond-bearing occurrences in the world.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to United States Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. 

Neither 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 the release.

Version française disponible sur www.dianor.com seulement