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Options Granted
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Vancouver, February 28, 2007-- Diamonds North Resources Ltd. ("DDN"--
TSX Venture) announces the grant of incentive stock options under the
Company's stock option plan to directors, officers, employees, and
consultants to purchase an aggregate of 1,630,000 treasury shares. The
options are exercisable for a period of five years at a price of $0.77
per share and are subject to the policies of the TSX Venture Exchange.

Diamonds North is a dynamic exploration team focused on strategically
advancing diamond opportunities and is determined to discover Canada's
next diamond mine.

ON BEHALF OF THE BOARD OF DIRECTORS

Mark Kolebaba
President & CEO

For further information, please contact:

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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