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Diamond Market Conditions and Sakari Update
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Robert Gannicott, Chairman and CEO of Harry Winston recently commented
on diamond market conditions:

"This is a good time to be looking at a diamond investment." Chairman
and Chief Executive Robert Gannicott said in an interview, noting
increased demand from consumers in emerging economies like China and
India. "This is first time in the modern history of diamonds that they
face a significant shortage of supply."

For the complete article please visit our website
www.diamondsnorthresources.com/s/Cdn_Facts.asp

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SAKARI PROJECT UPDATE

Vancouver, November 30th, 2007---Diamonds North Resources (DDN: TSX.V)
and Shear Minerals Ltd. (SRM: TSX.V) today announced completion of the
2007 exploration program at the Sakari Project, Nunavut that has
confirmed 10 priority geophysical kimberlite targets.

The partners completed 1,930 line kilometers of high resolution
magnetic airborne surveying over the property in late August, 2007. Due
to the late completion date of the survey, only 30% of the geophysical
data has been reviewed in a cursory fashion. From this review, 10
targets have been selected for follow-up exploration in 2008. The
airborne survey was flown at 100 metre line spacing by Universal Wing
Geophysics Corp. Final interpretation and drill target selection of the
entire dataset will be completed over the next few months in
preparation for the 2008 season.

Prior to the end of the exploration season, one target selected from
preliminary unleveled geophysical data was ground surveyed and
subsequently drill tested using a lightweight reverse circulation
drill. No kimberlite was intersected.

This program was part of an approved $185,000 exploration program for
2007. The Sakari project is located in the Franklin Kimberlite
District of Nunavut adjacent to the Darby property where nine
kimberlites have been discovered to date. Shear Minerals Ltd. has
earned a 50% interest in the Sakari property and Diamonds North is the
project operator.

G. Gill (P. Geo) and B. Kienlen (P. Geol) are Diamonds North's
Qualified Persons as defined under NI 43-101 responsible for project
design and data review on this project. Ms. Pamela Strand, P. Geol.
is Shear Minerals Qualified Person as defined under NI 43-101 and will
be responsible for data review by Shear Minerals on this project.

ABOUT DIAMONDS NORTH
Diamonds North Resources is the dominant explorer in the Pelly Bay
region and is focused on discovering Canada's next diamond mine. The
Company is rapidly evolving and committed to building long-term value
through ongoing diamond discoveries.

ON BEHALF OF THE BOARD OF DIRECTORS:

Mark Kolebaba
President & CEO
Diamonds North Resources Ltd.

Corporate Communications: Nancy Curry
Diamonds North Resources Ltd.
Telephone: (604) 689-2010
Facsimile: (604) 484-7143
Website: www.diamondsnorth.com
Email: info@diamondsnorth.com

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. Statements
in this press release, other than purely historical information,
including statements relating to the Company's future plans and
objectives or expected results, may include forward-looking statements.
Forward-looking statements are based on numerous assumptions and are
subject to all of the risks and uncertainties inherent in resource
exploration and development. As a result, actual results may vary
materially from those described in the forward-looking statements.

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Copyright (c) 2007 DIAMONDS NORTH RESOURCES LTD. (DDN) All rights
reserved. For more information visit our website at
http://www.diamondsnorth.com/ or send mailto:info@diamondsnorth.com
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