CCM Research Issues Initial Report on Consolidated Global Diamond Corp.

TORONTO, ONTARIO is a junior diamond exploration company with claims in the Diavik / Ekati diamond mine areas of the North West Territories in northern Canada. The Company is engaged in the acquisition, exploration and development of mineral properties with its principal focus on diamonds and other precious metals. Activities include acquiring mineral properties and conducting exploration programs.

In the report the analyst states, "the fact that it (CK) owns a large acreage close to Diavik and Ekati - Canada's most prominent diamond mines - suggests that the Company has significant chances for success given financial resources remain intact. This is supported by the preliminary exploration that showed that Global Diamond's properties exhibit the same geological traits as the Ekati and Diavik mines."

The analyst continues, "the Company has accumulated a significant cash balance which should allow an aggressive exploration program to be launched in the nearest future."

A free copy of the report can be found at www.ccmopportunitybase.com.

CCM Research, a division of Cronus Capital Markets, Inc., subscribes to the "Standards for Independent Research Providers" and the principles contained in the Analyst/Corporate Issuer Guidelines jointly promulgated by the CFA Institute and the National Investor Relations Institute, described at: http://www.cfainstitute.org and http://www.niri.org.

Cronus Capital Markets, Inc., through its CCM Consulting division, entered into a one year $30,000 contract with the company to assist it with the creation and execution of information-based strategies to overcome market inefficiencies that are commonplace for the vast majority of public companies, such as share illiquidity and stagnant market capitalization.

Cronus Capital Markets (CCM) is a global investment information firm who strategically produces and introduces, through various forms of analytics and worldwide distribution, information on equity market opportunities. CCM's equity indexes receive international attention and represent important new benchmarks of growth.

The TSX Venture Exchange has neither approved nor disapproved the contents of the press release.

Contacts: Cronus Capital Markets Peter Soni Chief Information Officer [phone] ext 225 Email: [e-mail]