Uranium North and Diamonds North Complete Work on the Golden Reward Project

Diamonds North Resources (TSX VENTURE:DDN) and Uranium North Resources Corp.
(TSX VENTURE:UNR) ("the Companies") announce the completion of the first phase
of the 2012 exploration program on the Golden Reward gold property in Okanogan
County, Washington State. The Golden Reward property is located approximately 60
kilometres from Kinross's Kettle River mill.


Detailed magnetic surveying, soil sampling and prospecting are now complete.
Results from these programs will be used to define drill targets.


The Golden Reward property hosts an epithermal gold bearing vein system that
extends across the property for more than 1 kilometre and lies within the Toroda
Creek Graben. It is composed of two structurally complex, highly silicified
breccia zones containing gold bearing quartz veins. Three separate vein trends
have been identified within the breccia zone that each measure up to 20 metres
wide.


A grab sample collected from the structure during a recent site visit from
exposed vein material yielded 14 g/T gold; other grab samples assayed from 0.52
g/T to 1.59g/T gold.


"We think Golden Reward is one of the best untested epithermal systems in
Washington State and provides us with an exciting exploration opportunity that
is now drill ready," says Mark Kolebaba, President and CEO of the Companies.


Historic surface sampling data indicates that in general gold values improve at
lower topographic elevations. This target has never been tested at lower
structural depth. The opportunity here is to test for high grade gold/silver
zones below depths of 200 to 300 metres. When all of the data is collected from
this first phase of exploration, targets will be defined to drill test the gold
bearing structures at depth.


Small scale historical mining was conducted from several adits on and near the
property. The property has had little modern exploration with the exception of
seven drill holes from three drill sites by Kennecott in 1989-90. Two of the 7
holes steepened and failed to intersect the target. The remaining 5 holes
intersected the mineralized structure at shallow depth. The best reported gold
values from this limited drilling campaign were 1.40 g/T gold over 8.5 metres
and 1.09 g/T gold over 9.8 metres including 2.74 g/T gold over 4.27 metres.


Diamonds North Resources Ltd. and Uranium North Resources Corp. have formed and
jointly own Minerals North LLC, a Nevada registered company with the objective
to explore mineral potential in Washington State. This partnership demonstrates
the Companies' commitment to increasing shareholder value while maintaining a
low cost. The Companies are actively seeking joint venture partners for our
northern Canadian projects as they represent significant opportunity.


Each property has a 0.25% royalty payable to a consulting geologist. Each
royalty may be purchased at any time for the value of 300 ounces of gold.


Graham Gill P.Geo and Bruce Kienlen P.Geol will be the Qualified Persons as
defined by National Instrument 43-101 reviewing the data collected and
overseeing the project. All Minerals North samples were completed by ALS Canada
Ltd. The historical data is from private reports and has not been verified by
the Company, however, it appears to have been completed under standard best
practices consistent with the time and appears to be of reasonable quality.


On behalf of the Board of Directors.

Mark Kolebaba, President & CEO

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. Grams per tonne are noted as g/t. All dollar amounts are expressed
in Canadian dollars, unless otherwise specified.