Dianor Resources Inc.

Address:	730, 4th Avenue Val-d'Or, Quebec J9P 1J2
Tel No.:	(819) 825-7090
Fax No.:	(819) 825-7545
Web Site:	www.dianor.com
Corporate Email:	info@dianor.com
Contact Person:	John Ryder
Position:	President CEO

COMPANY DATA

Traded Market:	TSX-Venture
Traded Symbol:	DOR
Outstanding Shares:	50,906,661
52 Week High:	$ 0.16
52 Week Low:	$ 0.065
Present Price:	Click Here

INTRODUCTION

Dianor Resources Inc. is a junior mineral exploration company with a mandate to discover diamond deposits in Quebec. Dianor discovered the first diamond in the James Bay Region of Quebec in 2001 on its 100% owned Exploration Permit 1404. To fulfill its mandate, Dianor has embarked on an aggressive expansion strategy based on the acquisition of high quality mineral properties having diamond potential. In 2001, Dianor staked, in the general area of Exploration Permit 1404 (MAP, some fifty-eight (58) claims blocks for their diamond potential.) The corporate objective is to increase shareholder value through sound management policies and implementation of state-of-art exploration techniques to discover major diamond deposits.

JAMES BAY REGION BACKGROUND INFORMATION

The James Bay region of Northern Quebec is relatively underdeveloped and underexplored for minerals especially diamonds. Diamond exploration by junior exploration companies only commenced in the area within the past 18 months. Northern Quebec contains the eastern part of the Superior Craton, one of the largest Archean craton's in the world. Archean Cratons are the most favorable geological environments for discovering diamondiferous kimberlites.

In the James Bay area the Craton has a thick, stable, cool lithosphere with well developed deep structures and other similarities to its western counterpart in Ontario where the De Beers Victor pipe, part of the Attawapiskat kimberlite field occurs. The distance between Dianor's James Bay properties and the Attawapiskat, Otish Mountain and Timmiskaming kimberlite fields approximates to 470 kms which is similar to the distance noted between kimberlite fields globally. 80% of the known kimberlites in the Northwest Territories would easily fit in the Wemindji - Caniapiscau extension zone/corridor.

Regionally the James Bay area is favorable for hosting economics diamond deposits in both kimberlites and Wawa type dykes/breccias. The occurrence of fresh kimberlite fragments, kimberlite indicator minerals including G-10 in the Wemindji area to the west of Dianor's properties, in conjunction with the discovery of a diamond in xenolithic lamprophyre rocks on P.E.M. 1404 further enhances the overall diamond potential of the area.

PROPERTIES IN HAND

On June 4th 2001, Dianor Resources Inc. publicly announced the discovery of a yellow microdiamond in a xenolithic lamprophyre dyke located on its 100% owned Exploration Permit 1404. This was the first recorded discovery of diamonds in the James Bay area.

The diamond discovery has many similarities to recent diamond discoveries make in the Wawa area of Ontario (lamprophyre dykes and heterolithic breccias) where De Beers Canada and Kennecott Canada have negotiated significant agreement with junior exploration companies.

Dianor's base camp is strategically located a few hundred meters east of the paved Matagami-Radisson highway on the shores of Lake Ekomiak, approximately 65 kilometers south of the town of Radisson and 40 kilometers south of a commercial airport. The airport is open year round. Helicopter services are available locally and the region is well serviced with airports (local and commercial), roads (paved and all weather) and general services required for exploration.

(1) MVR Claims

The MVR claim blocks comprising in 53 claims totalling 2,830 hectares were staked for kimberlites based on the identification of a cluster of fourteen circular airborne magnetic anomalies and associated topographic features. The magnetic targets range between 200-600 meters in diameter and are associated with a number of linear magnetic trends and diabase dyke swarms similar to the Lac de Gras kimberlites field of the Northwest Territories.

Five high priority airborne magnetic anomalies were selected for soil sampling utilizing the MMI (Mobile Metal Ion) geochemical technique. Interpretation of the MMI data outlined a number of MMI geochemical anomalies on three of the five selected targets.

Dianor's MMI results compare favorably with the MMI results obtained by De Beers for their Delta #1 kimberlite. The Company is confident that the MMI geochemical anomalies reflect the presence of kimberlite intrusions on the MVR claims.

(2) Lamprophyres and Heterolithic Breccias - Exploration Permit 1404

The greater part of Dianor's gold exploration since 1998 was focused on this permit which contains the Yasinski and Yasinsky north claims. The diamond discovery in a xenolithic lamprophyre dyke occurred on the Yasinsky North claim and fieldwork during 2001 was focused here.

Field checking of a number of lamprophyre dyke/breccia locations on the P.E.M. 1404 and in close proximity to the P.E.M. was also undertaken. The number of dyke/breccia occurrences has been increased to twenty-one from thirteen. Field examination of five of these locations has resulted in the discovery of a heterolithic breccia plus seven new dykes ranging in width from one to ten meters.

(3) Lac de l'Astree

The Lac de l'Astree claim block comprises 96 claims totalling 4,948 hectares and is located 27 kms west of the Matagami-Radisson highway.

Geological mapping by Quebec Government geologist determined that the Lac de l'Astree area was the premier location for lamprophyre dykes and intrusive breccias. Dykes up to 7 meters in width have been recorded and a 12.6 kilo sample of dyke material that underwent caustic fusion at SRC contained 62 chromite grains. Results of Microprobe analyses confirmed that 20 of the chromites contained elevated zinc values. Chromites with elevated zinc are found in diamond bearing dykes from the Wawa area of Ontario.

The Lac de l'Astree claims also cover a circular aeromagnetic anomaly outlined by Government of Quebec.

MANAGEMENT

Dianor Resources Inc. has well experienced management in different areas. They include:

John Ryder, President and CEO
Chantal Chagnon, Administrative Assistant
Daniel Duval, President of Board of Directors
Jules Dionne, Director
Pierre Paquet, Director
Christian D'Amour, Director

NEWS UPDATE

On December 28, 2005, Dianor Resources Inc. updated its shareholders on its Phase II drilling (Press Release of September 22, 2005 for Phase I details) and mini-bulk sampling program on the Leadbetter Diamond Project. To date a total of 60 holes totalling 10,440 metres of core drilling has been completed on the Leadbetter Diamond Property. To date diamond results have been received for only three (3) drill holes. Drilling is suspended for the holiday season and drilling will resume in mid-January, 2006.

On July 14, 2004, Dianor Resources Inc. announced that the Company has retained Renmark Financial Communications Inc. to provide investor relations, media relations and market development services on behalf of the Company.

On July 12, 2004, Dianor Resources Inc. announced that the Company commenced field exploration on its Queotish Property in the Otish Mountains. Results of this phase of exploration will prioritize the targets for drilling. Drilling of the kimberlite dikes on the Ontario Pacaud Property continues. The drilling is primarily aimed at recovering sufficient samples of the Purcell kimberlite dyke to determine its diamond content.

On June 21, 2004, Dianor Resources Inc. announced that the Company has consolidated its land position in the Pacaud and Chamberlain Townships by staking an additional 23 claim units (100% Dianor owned) adjacent to its existing optioned Pacaud kimberlite property (diamond rights optioned from Globex Mining Enterprises Inc. (GMX: TSX Exchange)). Also, Forage Utika Inc. of Rouyn-Noranda commenced the Phase I diamond drilling program on the potentially diamondiferous Purcell dyke (press release June 08, 2004).

On June 08, 2004, Dianor Resources Inc. announced that it has contracted Forage Utika Inc. of Rouyn-Noranda to undertake a diamond drilling program (Phase 1) on the potentially diamondiferous Purcell dyke, discovered in 2003 by shallow drilling of a linear magnetic anomaly, on the Pacaud property in the Kirkland Lake area of Ontario. Drilling of the Purcell dyke is scheduled to commence by the 15th of June 2004 and the Phase 1 drilling is primarily aimed at recovering sufficient samples (100 kilograms) of the Purcell kimberlite dyke to determine its diamond content.

On June 03, 2004, Dianor Resources Inc. announced that based on previous positive results, recently completed a recent ground magnetic survey over the Pacaud Property, in the Kirkland Lake area, of Ontario. The survey outlined 20 linear magnetic anomalies - potential kimberlite dyke swarm. These magnetic anomalies are closely spaced, parallel and traverse the property in a north-south direction. Individual linear magnetic anomalies can be followed for up to 2 kilometres. One of the newly identified dykes, which can be traced for 2 kilometres, has a magnetic signature (anomaly) averaging 60 metres in width along most of its length. The results of the magnetic survey, in addition to the chemistry of the indicator minerals, suggests that further drilling is warranted. A program of work is currently being planned.

On June 01, 2004, Dianor Resources Inc. announced that it has completed its previously announced private placement in the amount of $560,000 by issuing a total of 560 units at a price of $1,000 per unit. Each unit is comprised of 5,000 common shares, issued at a price $0.20 per share. Of these, 4,000 shares are flow-through shares and 1,000 are non flow-through shares. As a result of the private placement, there are 60,228,768 outstanding common shares of Dianor.

On April 26, 2004, Dianor Resources Inc. announced that re-processing of the original airborne magnetic data from its Queotish property in the Otish Mountains, by consultant geophysicist Mr. Pierre Boileau confirmed and identified numerous targets having the magnetic characteristics of kimberlite. A total of 19 airborne magnetic targets have been identified.

On March 29, 2004, Dianor Resources Inc. announced its plan to undertake a private placement in the maximum amount of $750,000 by issuing a maximum of 750 units at a price of $1,000 per unit. Each unit will be comprised of common shares. Eighty percent of the shares comprising the units will consist of 4,000 flow-through common shares at a price of $0.20 per share. Twenty percent of the share comprising the units will consist of 1,000 non-flow-through common shares at a price of $0.20 per share. The proceeds from the private placement will be used by Dianor primarily to carry out mining exploration work on its Quebec properties and for working capital.

On February 18, 2004, Dianor Resources Inc. announced that its Board of Directors has granted options in respect of an aggregate of 1,250,000 common shares of Dianor in accordance with the terms of its Stock Option Plan at an exercise price of $0.145 per share to one employee, two directors and two officers.

On January 21, 2004, Dianor Resources Inc. announced that it has acquired an option from Alexis Minerals Corporation (TSX Venture Exchange: AMC) to earn a 100% interest in the Queotish I Project in the Otish Mountains and the LG Project in the LG-4 areas of Northern Quebec.

On December 10, 2003, Dianor Resources Inc. announced that it has commenced transferring certain of its gold properties to Threegold Resources Inc., its wholly owned subsidiary. The initial transfer includes Dianor's 100% interest in four properties: two in the Abitibi region of Quebec ( Adanac and Fourniere ) and two in the James Bay region of Quebec ( Threegold and Miakadow ).

On November 13, 2003, Dianor Resources Inc. announced the results of its drilling campaign on its JV Pacaud property in the Kirkland Lake area of Ontario. Drilling has outlined three parallel sets of kimberlitic dykes, ( the Beancounter, Purcell and Han dykes ).

On October 29, 2003, Dianor Resources Inc. announced that it has acquired an option to earn an interest in the Abitibi Extension project from Eastmain Resources Inc.. Under the terms of the agreement, Dianor shall have the right to explore within an area covered by data held exclusively by Eastmain Resources.

On October 22, 2003, Dianor Resources Inc. announced that a series of kimberlitic dykes were intersected on its JV Pacaud property in the Kirkland Lake area of Ontario. To date 4 drill holes (BQ core) have been completed in the vicinity of historic drill hole 79-3 drilled by Lac minerals in 1979.

On October 09, 2003, Dianor Resources Inc. announced that it has completed a private placement in the amount of $1,074,680 by issuing a total of 5,970,440 units at a price of $0.18 per unit. The proceeds from the private placement will be used by Dianor primarily to carry out mining exploration work on its properties and for working capital.

On September 30, 2003, Dianor Resources Inc. announced that a drilling program on the Pacaud property is scheduled to commence during the first week of October including two short holes to test for gold mineralization as per the terms of its agreement with Globex Mining Enterprises Inc.

On September 30, 2003, Dianor Resources Inc. announced that a drilling program on the Pacaud property is scheduled to commence during the first week of October including two short holes to test for gold mineralization as per the terms of its agreement with Globex Mining Enterprises Inc.

On June 04, 2003, Dianor Resources Inc. announced that it has obtained the final report from its consultants concerning visual examination of 287 heavy mineral concentrate samples of tills. 2,491 potential Kimberlite Indicator Minerals (KIM's) including chromite, ilmenite, olivine, chrome diopside and eclogitic garnet grains were visually identified in 134 of the 287 samples collected during the summer and fall of 2002 from Dianor properties in the James Bay region of Quebec. All the potential Kimberlite Indicator Minerals (KIM's) have been sent to the CF Minerals laboratory in Kelowna, British Columbia for electron microprobe analyses and confirmation of them as KIM's.

On May 20, 2003, Dianor Resources Inc. announced that Reverse Circulation (RC) drilling has commenced on its Ontario properties (Cluster Project) in conjunction with field exploration work. This current phase of work is part of Dianor's continuing evaluation of its 22 optioned properties (press release January 14, 2003) located in the Matachewan-Kirkland Lake area. A minimum of three RC holes will be drilled to obtain "base of till" samples for Kimberlite Indicator Mineral testing and to better define the source(s) of three separate and distinct ground magnetic targets. Prospecting and Mobile Metal Ion (MMI) soil sampling will be carried out on seven properties to further evaluate the source of magnetic/soil (MMI) anomalies and better define kimberlite targets.

On May 08, 2003, Dianor Resources Inc. announced that it has obtained a report from its consultant confirming Mobile Metal Ion (MMI) soil geochemical anomalies, indicative of kimberlite, on 17 of its James Bay properties. The soil survey was conducted during the summer and fall of 2002 (press releases October 30th 2002).

On March 24, 2003, Dianor Resources Inc. updated its diamond exploration programmes in Quebec and Ontario. Field exploration in Quebec and Ontario has been ongoing since February 2003 and is continuing in the James Bay region. During 2002 an extensive systemic exploration programme was carried out on one hundred and twenty (120) of the Company's properties in Quebec. Interpretation and evaluation of the data generated numerous kimberlite targets; over 30% of the explored properties have magnetic and/or soil geochemical targets indicative of kimberlite and in addition diamond bearing Wawa type rocks were identified.

On February 18, 2003, Dianor Resources Inc. updated its shareholders on its 100% owned subsidiary, Threegold Resources which was incorporated on March 19, 2002. The original aim in creating Threegold Resources was to permit Dianor to focus on diamond exploration and development while Threegold would specialize in exploration for precious and base metals (gold, silver, platinum, palladium, copper, nickel etc.). A review of all of Dianor's non-diamond properties in Quebec is currently underway including its Adanac property, located in Rouyn Township, where previous exploration work outlined the MC zone where results of up to 10.6 g/t Au (0.31 oz/t) over a width of 2.44 metres (8 feet) were obtained (Dianor annual report 2001).

On January 29, 2003, Dianor Resources Inc. announced further diamond discoveries on one of its James Bay properties. Dianor has been informed by the Saskatchewan Research Council's (SRC) Laboratory that a total of two micro diamonds were recovered from Wawa-type rock samples on Dianor's Lac de l'Astree property.

On January 06, 2003, Dianor Resources Inc. announced that it has held the initial closing of its public offering in Quebec of Class A and Class B units. At the initial closing, Dianor issued a total of 855 Class A units and 45 Class B for gross proceeds to Dianor of $900,000. The net proceeds from the public offering will be used by Dianor primarily to carry out mining exploration work on its properties. Dianor also announced that it has completed a private placement in the amount of $85,000 by issuing a total of 566,666 flow-through common shares at a price of $0.15 per share. 90% of the proceeds from the private placement will be used by Dianor to carry out mining exploration work on its properties. The balance will be added to working capital.

On October 29, 2002, Dianor Resources Inc. updated its shareholders on current diamond exploration programmes. Field exploration has been ongoing since May (press release August 20, 2002) on Dianor's properties in the Otish Mountains and James Bay Regions of Northern Quebec. One hundred and twenty (120) properties have been explored utilizing geophysics (ground magnetics), geochemistry (MMI soil sampling), geology (geological mapping, prospecting), rock and glacial till sampling. These exploration techniques were used to outline potential diamond bearing kimberlites and/or diamondiferous "Wawa Type" breccias/tuffs/dykes.

On August 20, 2002, Dianor Resources Inc. announced the completion of its Phase I exploration program over its James Bay (Quebec) properties. A total of 103 properties were investigated primarily for their potential to host diamond bearing kimberlite, Wawa Type heterolithic breccias, tuffs and/or lamprophyre dykes. The Phase I program was completed at the end of July and exploration on Dianor's 11 Otish Mountains and 49 La Grande properties is scheduled to commence shortly.

CONCLUSION

The Company's overall strategy is to discover a commercial diamond deposit in the James Bay area, a balanced exploration approach has been taken by outlining and staking different high priority diamond targets. Dianor has claim staked both kimberlite and lamprophyre/breccia targets equally.

Dianor utilizing its own target rating systems to prioritize targets has staked 150+ airborne magnetic anomalies (kimberlite targets), located in 200 claim blocks and 40+ lamprophyre/breccia targets in 31 claim blocks.

During the 2001 field season Dianor conducted a balanced exploration/orientation program of work to evaluate various exploration techniques applicable to the different target types and terrain.

Consequently, Dianor is now the second largest owner of diamond exploration properties in James Bay (+324 sq.km).