Dianor Announces Closing of Private Placement With the Mineralfields Group

This news release is not for distribution to United States newswire services or
for dissemination in the United States. 


Dianor Resources Inc. (TSX VENTURE:DOR) announces that it has completed a
private placement by issuing an aggregate of 30,769,230 "flow-through" units to
four limited partnerships associated with MineralFields Group of Toronto,
Ontario at a price of $0.065 per unit, for gross proceeds to Dianor of
$2,000,000.


Each unit consists of one "flow-through" common share and one common share
purchase warrant. Each warrant entitles the holder to acquire one additional
common share of Dianor at a price of $0.10 until December 29, 2012.


In connection with the closing of the private placement, Dianor paid finders'
fees to Limited Market Dealer Inc. in an amount of $100,000, representing 5% of
the gross proceeds raised in the private placement. Dianor also issued
compensation options to Limited Market Dealer Inc. entitling it to purchase up
to 3,076,923 units of Dianor, representing 10% of the number of units sold in
the private placement through Limited Market Dealer Inc. The compensation
options are exercisable at a price of $0.065 per unit for a period of two years.
Each unit will be comprised of one common share of Dianor and one common share
purchase warrant. Each warrant will entitle the holder to purchase one
additional common share of Dianor at a price of $0.10 until December 29, 2012.


The proceeds from the private placement will be used for exploration on Dianor's
properties in Ontario. As a result of the closing of the private placement,
there are 263,011,930 common shares of Dianor issued and outstanding.


Under applicable securities legislation and the policies of the TSX Venture
Exchange, all of the foregoing securities are subject to a hold period expiring
on April 30, 2011.


About Dianor 

Dianor is an innovative exploration company focused on advancing diamond
exploration properties in the Superior Craton of Canada. The Leadbetter Diamond
Project is its most advanced project and is geographically well situated and
easily accessible, some 12 kilometres north east of Wawa in Northern Ontario.
Substantial exploration work has been conducted on the project since 2005 and in
May 2009, the Company received government approval to proceed with a 50,000
tonne bulk sampling programme of the 2.697 Ma old Archean Conglomerate. A
preliminary tonnage estimate for this conglomerate is in the range of 549
million to 583 million tonnes (press release July 24th 2007). In addition to
diamonds, the conglomerate contains gold, sapphires and rubies (press release
January 18th 2007). In 2008, additional diamond discoveries, including rare
purple diamonds, were made by the Company in rocks of similar type, age
(Archean) and geological settings (press release March 3rd, April 10th, & May
13th 2008) in Quebec. The Quebec diamond properties have increased our portfolio
of low cost, accessible exploration targets. These diamond discoveries (Ontario
and Quebec) are both unique and amongst the oldest diamond-bearing occurrences
in the world.


About MineralFields, Pathway and First Canadian Securities (R) 

MineralFields Group (a division of Pathway Asset Management), based in Toronto,
Vancouver, Montreal and Calgary, is a mining fund with significant assets under
administration that offers its tax-advantaged super flow-through limited
partnerships to investors throughout Canada as well as hard-dollar resource
limited partnerships to investors throughout the world. Pathway Asset Management
also specializes in the manufacturing and distribution of structured products
and mutual funds (including the Pathway Multi Series Fund Inc. corporate-class
mutual fund series). Information about MineralFields Group is available at
www.mineralfields.com. First Canadian Securities (R) (a division of Limited
Market Dealer Inc.) is active in leading resource financings (both flow-through
and hard dollar PIPE financings) on competitive, effective and service-friendly
terms, and offers investment banking, mergers and acquisitions, and mining
industry consulting, services to resource companies. MineralFields and Pathway
have financed several hundred mining and oil and gas exploration companies to
date through First Canadian Securities (R).


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act"), or any state securities laws and may not
be offered or sold within the United States or to United States Persons unless
registered under the U.S. Securities Act and applicable state securities laws or
an exemption from such registration is available.  


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.