Diamonds North Video Update on Hepburn Copper-Silver IOCG Project

Diamonds North Resources Ltd. (TSX VENTURE:DDN) provides an update and video
presentation on the Hepburn Copper-Silver IOCG Project (previously announced in
news release 12-01, January 22, 2012). Visit our website www.diamondsnorth.com
to view a video presentation on the project. 


Diamonds North will be exhibiting (Booth #2322) at the Prospectors and
Developers Association of Canada (PDAC) International Convention March 4-7th
2012 held at the Metro Toronto Convention Centre. For more information and to
pre-register for the Investors Exchange, go to www.pdac.ca. 


Hepburn has been established as a large-scale, drill-ready Iron Oxide Copper
Gold (IOCG) target with high-grade and high tonnage potential. At this stage,
Hepburn exhibits qualities typical of IOCG deposits such as Olympic Dam,
Candelaria and Prominent Hill.


The geology at Hepburn is a highly magnetic Proterozoic package of sedimentary
and volcanic rocks intruded by late felsic intrusions. These rocks are crosscut
by multiple faults demonstrating ideal ground preparation for hydrothermal
fluids. 


Mapping by an independent IOCG specialist delineated two hydrothermal zones of
magnetite and hematite (iron-oxide) alteration typical of IOCG deposits. These
zones of alteration extend for more than 2.5 kilometres along strike and are up
to 500 metres wide. 


An Induced Polarization (IP) survey over the property identified an IP
chargability anomaly coincident with the southern alteration zone. The
geophysical signature measures 2.5 kilometres in strike length by 200- 300
metres in width and remains open to the west and south east. 


A secondary, northern zone of increased chargeability values accompanied by IOCG
alteration signatures also exists on the project area but due to topography has
not yet been completely delineated.


Supporting the alteration zones and IP anomalies as an IOCG target, grab and
chip sample results from the zones exhibit high copper (up to 40.2%), silver (up
to 1129 g/T) and uranium (up to 4340 ppm). Assays have also returned elevated
gold (0.635 g/T) and bismuth (0.17%) values.


IOCG type deposits are often associated with deep seated, continental scale
structures. The Hepburn target lies along the Wopmay Fault within the Great Bear
Magmatic Zone which is considered one of Canada's most prospective IOCG
terrains. 


Further interpretation and modeling of the IP data to better define drill
targets is underway. Currently a 2000-2500 metre drill program is recommended
for the Hepburn project.


The 100% owned Hepburn property is located in Northwest Territories,
approximately 470 kilometres north of Yellowknife and about 200 kilometres from
the Arctic coast. For more detailed information and video presentation on the
Hepburn property visit www.diamondsnorth.com.


Graham Gill (P. Geo) is Diamonds North's qualified persons as defined by
National Instrument 43-101, reviewing this project. 


On behalf of Diamonds North Resources Ltd.

Mark Kolebaba, President & CEO

All samples collected in 2011 were shipped in sealed containers and processed at
the Saskatchewan Research Council (SRC) Geoanalytical Laboratories, which is an
ISO/IEC 17025 accredited laboratory for mineral analysis testing. Samples were
analyzed using SRC's Uranium Exploration ICP Package, which includes uranium by
total digestion ICP-OES analyses and uranium by partial digestion ICP-OES
analyses. All samples having more than 1,000 ppm uranium were assayed using a
uranium assay dissolution procedure. SRC is accredited by the QMI Quality
Registrars to ISO 9001:2000, and by the Standards Council of Canada to ISO
17025. A standard aqua-regia digestion and ICP-AES package was used on all
samples. Ore grade assays were analyzed by Atomic Absorption.


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.