CCM Research Issues Update Report on Consolidated Global Diamond Corp.

TORONTO, ONTARIO is a Canadian based junior mineral company focused on providing sustainable growth and value to its shareholders through the strategic acquisition, exploration and development of diamond properties into productive mines. The Company is committed to successful and sustainable growth through responsible environmental, social, financial, political and operational management of its shareholders' assets.

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 - and Snap Lake and Gahcho Kue deposits, suggests that the Company has an opportunity for success given financial resources remain intact."

The analyst continues, "Indeed, the preliminary exploration showed that Global Diamond's properties exhibit the same geological traits as the Ekati and Diavik mines."

Regarding drilling, the analyst notes: "The Company recently announced a drill program slated for this spring, aimed to be initialized in the coming months on CK's Courageous Lake property, a 385,000-acre site located within the Slave Lake geological province. This mining camp makes Canada the fourth largest diamond-producing country in the world."

A free copy of the report can be found at: http://www.baystreet.ca/articles/research_reports/ccm_research/CK_Update%20Report_April12008.pdf

CCM Research is a division of Cronus Capital Markets, Inc. Cronus Capital Markets, Inc., through its CCM Corporate Advisory division, entered into a one year $30,000.00 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, including: share illiquidity, lack of credibility, and stagnant market capitalizations.

Cronus Capital Markets® (CCM) is a leading capital market services firm providing services to investors, institutions, exchanges, and public companies. CCM's equity research, indexes, and ETFs receive international attention and represent important new sectors of growth.

CRONUS CAPITAL MARKETS, INC. IS THE SOLE SOURCE OF THIS PRESS RELEASE.

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]