TAI Talmora Diamond Inc

Talmora Diamond Inc. (CNSX:TAI) is pleased to announce a preliminary closing of
the current non-brokered private placement financing. In addition, Talmora
announces the results of kimberlite indicator mineral (KIM) analyses received
from De Beers Analytical Services, Johannesburg, South Africa. 


As in previous samples the majority of the KIMs recovered are spinels but there
are a significant number of ilmenites and garnets. One of nine pyrope garnets
has a G-10 composition and an eclogitic garnet lies within the diamond inclusion
field of the TiO2 vs Na2O diagram. 


There is evidence of lateritic weathering in the area about 55 million years ago
that destroyed silicate KIMs such as garnet and chrome diopside and appears to
destroy G-10 garnet preferentially. The G-10 garnet is one of 27 or 3.7%
recovered on the Talmora property which compares favourably with the 3.2% of
G-10 garnets found in the sample train down-ice of the highly diamondiferous
Dharma kimberlite 180 km to the southeast at the northeast corner of Great Bear
Lake.


Subscriptions received prior to receipt of sample results amounted to 1,340,163
Units, comprised of 962,883 Hard Dollar Units that were sold at $0.03 per Unit
and 377,280 Flow-through Units that were sold at $0.04 per Unit, for gross
proceeds of $30,886 effective September 16, 2013. Each Unit consists of one
common share and one common share purchase warrant. Each common share purchase
warrant ("Warrant") entitles the holder to acquire one common share for $0.05
until September 16, 2014. If after four months and one day following the closing
date the common shares of Talmora trade at or above Can. $0.10 for a period of
20 consecutive trading days, the Company may notify the warrant holder to
exercise the Warrants at a date no later than 30 calendar days after this
notification date or forfeit any unexercised Warrants at that time. All
securities issued pursuant to the financing are subject to a four month hold
period which expires on January 16, 2014. Insiders acquired a total of 320,000
Units in the financing. 


The Company now has 58,077,842 common shares outstanding. On a fully-diluted
basis after giving effect to the exercise of all outstanding share purchase
warrants and incentive stock options granted under its stock option plan the
Company would have 64,945,842 common shares outstanding.


The Flow-Through proceeds of the financing will be applied to exploration on the
Company's property in the Northwest Territories and the Hard Dollar proceeds
will be applied to working capital. 


After dissemination of the news in this press release consideration will be
given to reopening the private placement financing. Talmora urgently needs to
drill some of its targets to recover fresh kimberlite for microdiamond analysis.
A major financing for a drill program must still be completed and its timing
will depend on the global financial situation. 


Project Summary

Talmora holds 211 mineral claims (68,784 acres) straddling the 68th parallel on
the east side of the Lena West diamond area of the Northwest Territories. Most
of the claims are in the Inuvialuit Settlement Region with the remainder in the
Sahtu Settlemment Region.


Over $75 million has been spent in the Lena West area by other companies with
the recovery of numerous kimberlite indicator minerals (KIMs) and an
unprecedented 18 diamonds in field samples. No kimberlites have been found
except for the Darnley Bay and the Dharma kimberlites on a well-defined
favourable structure that includes the Talmora property. 


Sampling on the Talmora property shows a strong correlation between KIMs in till
samples and magnetic anomalies with characteristics of kimberlite pipes. The
majority of Lena West KIMs (those west of Talmora) are very similar to 


those from the Talmora property but differ from those of the Darnley Bay and
Dharma properties. There is every reason to believe that the Talmora property
may be the source of the abundant KIMs and diamonds of the Lena West area. 


The 2012 field program included the use of a small Packsack drill which
penetrated the glacial till in 3 holes and ended in clay. The clay has
characteristics of weathered kimberlite and 14 anomalous spinel grains from one
hole lie on a relatively narrow crystallization trend line indicating a single
population with a nearby source. The Talmora property must now be tested with a
proper drill in order to obtain fresh kimberlite for microdiamond analysis.


The technical information contained in this release was compiled by Alan W.
Davies, P.Eng., P.G., who is the Vice-President of Exploration for Talmora. Alan
W. Davies is a qualified person as defined by National Instrument 43-101.


The Canadian National Stock Exchange does not accept responsibility for the
adequacy of this release. No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information contained
herein. 


CAUTIONARY STATEMENT: This news release contains forward-looking information
which is not comprised of historical facts. Forward-looking information involves
risks, uncertainties and other factors that could cause actual events, results,
performance, prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information. Forward looking
information in this news release includes, but is not limited to, Talmora's
objectives, goals or future plans, statements regarding the estimation of
mineral resources, exploration results, potential mineralization, exploration
and mine development plans, timing of the commencement of operations and
estimates of market conditions. Factors that could cause actual results to
differ materially from such forward-looking information include, but are not
limited to, failure to convert estimated mineral resources to reserves, capital
and operating costs varying significantly from estimates, the preliminary nature
of metallurgical test results, delays in obtaining or failures to obtain
required governmental, environmental or other project approvals, uncertainties
relating to the availability and costs of financing needed in the future,
changes in equity markets, inflation, changes in exchange rates, fluctuations in
commodity prices, delays in the development of projects and the other risks
involved in the mineral exploration and development industry, and those risks
set out in Talmora's public documents filed on SEDAR. Although Talmora believes
that the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance should not be
placed on such information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur in the
disclosed time frames or at all. Talmora disclaims any intention or obligation
to update or revise any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Talmora Diamond Inc.
Raymond Davies
President & CEO
416-491-6771
416-499-5187 (FAX)
rayal.davies@sympatico.ca
www.talmoradiamond.com

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