Diamond Frank Adopts a Shareholder Rights Plan

Diamond Frank Exploration Inc. (TSX VENTURE:DOD) announces that its board of
Directors (the "Board") has adopted a Shareholder Rights Plan (the "Plan") to
encourage a fair treatment of shareholders, should a take-over bid be made for
Diamond Frank. The Plan is effective today and will provide the Board and the
shareholders, more time to consider unsolicited take-over bid for Diamond Frank.
The Plan is intended to discourage coercive of unfair takeover bids and gives
the Board time to pursue alternatives to maximize Shareholder value, if
appropriate, in the event of an unsolicited take-over bid.


The Plan has not been adopted in response to, or in contemplation of, any
specific proposal to acquire control of Diamond Frank. The Plan must be ratified
by the shareholders at an annual and special shareholders meeting to be held on
March 28, 2013. Unless otherwise terminated in accordance with its terms, the
Plan will terminate at the close of the third annual meeting of Diamond Frank
following the meeting at which the Plan is ratified by shareholders, unless the
Plan is reconfirmed and extended at such meeting.


The Rights issued under the Plan will become exercisable only when a person,
including any party related to it, acquires or announces its intention to
acquire 20% or more of the outstanding shares of Diamond Frank without complying
with the "Permitted Bid" provisions of the Plan or without approval of the
Board. Should such acquisition occur, each right will, upon exercise, entitle a
right holder other than the acquiring person or related persons, to purchase
shares of Diamond Frank at a substantial discount to the market price at the
time. Under the Plan, a "Permitted Bid" is a bid made to all shareholders of
Diamond Frank and is open for acceptance for not less than 60 days. If, at the
end of such 60 day period, at least 50% of the outstanding shares, other than
those owned by the Offeror or certain related parties, have been tendered, the
offeror may take up and pay for the shares but must extend the bid for a further
10 days to allow other shareholders to tender.


The Plan is similar to other Shareholder Rights Plans adopted by several other
Canadian companies and approved by their respective shareholders. A complete
copy of the Shareholders Rights Plan will be available shortly on SEDAR at
www.sedar.com.


The common shares of Diamond Frank Exploration Inc. are listed on the Venture
Stock Exchange under the symbol "DOD".


Forward-looking statements

This news release contains statements that constitute "forward-looking
information" or "forward-looking statements" within the meaning of applicable
securities legislation. This forward-looking information is subject to numerous
risks and uncertainties, certain of which are beyond the control of Diamond
Frank. Actual results or achievements may differ materially from those expressed
in, or implied by, this forward-looking information. No assurance can be given
that any events anticipated by the forward-looking information will transpire or
occur, or if any of them do so, what benefits that Diamond Frank will derive
therefrom. Forward-looking information is based on the estimates and opinions of
Diamond Frank at the time the information is released and Diamond Frank does not
undertake any obligation to update publicly or to revise any of the
forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release


FOR FURTHER INFORMATION PLEASE CONTACT: 
David Mc Donald, President and CEO
450.622.5785
450.622.4337 (FAX)
[e-mail]
www.diamondfrank.com