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Re: News Release - Thursday, November 29, 2007
Diamondex Resources/Shore Gold to Process 480 tonnes of Buffalo
Hills Kimberlite
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Vancouver, B.C. - Diamondex Resources Ltd. (DSP-TSX.V) ("Diamondex")
and Shore Gold Inc. (SGF-TSX.V) ("Shore") are pleased to provide an
update on the Buffalo Hills Project located in north central Alberta
(see www.diamondex.net for property location).

2007 Exploration

During the first quarter of 2007, and prior to the acquisition of an
interest in the Buffalo Hills property by Diamondex and Shore,
Stornoway Diamond Corporation undertook a $2.2 million exploration
program on the Buffalo Hills project. This program consisted of a
kimberlite sampling as well as definition-style Diamond drilling on the
K14/BH225/K91 kimberlite corridor and the K6 kimberlite (see inset
table).

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Kimberlite K6 K14 K91 BH225 Totals
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Kimberlite sample (tonnes) 180 300 - - 480
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Number of drill tests 1 6 14 2 23
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Metres of drilling 181 1,119 546 364 2,210
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The K14, K91 and BH225 kimberlites are located within a corridor that
measures approximately 2 kilometres in length. Based on the limited
existing drill data, these three kimberlites, taken together, have the
potential to host significant tonnage. A 36 tonne sample taken from K91
in 1998 returned an estimated Diamond content of 13 carats per hundred
tonnes (cpht). A cumulative 524 tonne sample collected at K14 in 1997
and 1998 returned an estimated Diamond content of 12 cpht with the
largest Diamond recovered weighing 1.3 carats. The K6 kimberlite,
located approximately 10 kilometres south of K14, has produced an
average value of 7.2 cpht from sampling campaigns conducted in 1997 and
2002 that collected a combined total of 19.2 tonnes of kimberlite. A
0.76 carat yellow Diamond recovered from the 1997 sampling program is
of special interest.

An aggregate of 480 tonnes of kimberlite was recovered from K14 and K6
in January of 2007. This material is currently being transferred to
Shore's processing plant at Fort a la Corne, Saskatchewan. Shore's on
site processing facility, which was originally commissioned in February
of 2004, includes a front end (crush, scrub and screen) and dense media
separation plant (DMS) that can process up to 200 tonnes of kimberlite
per day. The final plant products are X-Ray Flowsort and grease table
concentrates, which are collected in sealed containers and transferred,
by secure carrier, to an independent sorting laboratory for Diamond
recovery. Processing of the latest Buffalo Hills bulk sample will
commence during December and it is expected that Diamond counts will be
delivered to the JV partners during the first quarter of 2008.

The 1,590 metres of HQ3 Diamond drill cores recovered during the first
quarter of 2007 are currently subject to the same detailed and
quantitative logging methods Shore's geologists have successfully
applied to cores recovered from the Star Diamond and the FALC-JV
Projects. This limited amount of material will help in the initial
development of geologic models for the tested pipes. Any future
drilling in the project area by the JV partners will emphasize the
importance of recovering quality drill cores to facilitate geologic
modeling of the individual kimberlite bodies.

The 2008 Exploration Program for the Buffalo Hills Project is currently
being developed by the JV's Technical Committee. Details of the Program
will be released following its adoption by the Management Committee. It
is expected that field operations will get underway in January of 2008.

Overview of the Buffalo Hills Project

Diamondex and Shore acquired Stornoway Diamonds Corporation's share of
this project in July 2007 for a total cash consideration of $17.5
million. Pursuant to the acquisition, Shore and Diamondex each acquired
a 22.5% interest in the Buffalo Hills Joint Venture, in which Encana
Corporation holds a 43% interest and Pure Diamonds Exploration Inc.
holds the remaining 12% interest. Diamondex and Shore can increase
their combined interest to 72.5% by spending $15 million prior to April
30, 2010. Diamondex is the Operator of the Buffalo Hills Joint Venture.
The Buffalo Hills Project is the third largest known district of
significantly Diamond bearing kimberlite in Canada after Lac De Gras in
the Northwest Territories and Fort a la Corne in Saskatchewan. Previous
exploration on this project by Ashton Mining, Encana and Pure Diamonds
from 1997-2006, totaled $30 million, which resulted in the discovery of
38 kimberlites, 26 of which were diamondiferous. These kimberlites
range in size from 1 to 47 hectares. Six mini bulk samples were also
carried out, with the largest bulk sample conducted at K14 where 479
tonnes were extracted yielding a grade of 12 cpht. A 22.8 tonne sample
extracted from K252 yielded a grade of 55 cpht.

David Clarke, P.Geol., MSc., Senior Vice President of Exploration for
Diamondex Resources Ltd. is a Qualified Person as defined by National
Instrument 43-101 and is responsible for program design and quality
control of exploration undertaken by Diamondex Resources Ltd.

DIAMONDEX RESOURCES LTD.

"Randy C. Turner"

Randy C. Turner, President

For further information, please contact

Diamondex Resources Ltd.
Telephone: 604-687-6644
E-mail: diamonds@diamondex.net
P.O. Box 11584
Suite 1410 - 650 West Georgia Street
Vancouver, B.C. V6B 4N8

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
release.

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Copyright (c) 2007 DIAMONDEX RESOURCES LTD. (DSP) All rights reserved.
For more information visit our website at http://www.diamondex.net/ or
send mailto:diamonds@diamondex.net
Message sent on Thu Nov 29, 2007 at 8:04:55 AM Pacific Time
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