TAI Talmora Diamond Inc

Talmora Diamond Inc. (CNSX:TAI) is pleased to announce that it proposes to
complete a part brokered and part non-brokered private placement of up to
8,000,000 Units, comprised of 6,500,000 Hard Dollar Units at $0.03 per unit and
1,500,000 Flow-Through Units at $0.04 per Unit, for gross proceeds of up to
$255,000. The private placement is expected to close not later than August 31,
2013.


Each Unit consists of one common share and one common share purchase warrant.
Each common share purchase warrant ("Warrant") entitles the holder to acquire
one common share for $0.05 until August 31, 2014. If after four months and one
day following the closing date the common shares of Talmora trade at or above
Can. $0.10 for a period of 20 consecutive trading days, the Company may notify
the warrant holder to exercise the Warrants at a date no later than 30 calendar
days after this notification date or forfeit any unexercised Warrants at that
time. All securities issued pursuant to the financing are subject to a four
month hold period which expires on December 31, 2013. The Company will pay a
cash commission on the brokered portion of the placement at a rate to be
negotiated.


The Company currently has 56,737,679 common shares outstanding. Assuming full
take-up of the private placement there will be an additional 8,000,000 common
shares for a total of 64,737,679 outstanding. On a fully-diluted basis after
giving effect to the exercise of all outstanding share purchase warrants and
incentive stock options granted under its stock option plan the Company would
have 79,605,679 common shares outstanding.


The proceeds of the financing will be applied to exploration expenses related to
the Company's property in the Northwest Territories and to the administration of
the Company as a going concern. The market for a major financing to drill the
Company's many kimberlite targets is the worst it has been for a long time.
However, work done in 2012 was most encouraging and should facilitate the
financing of a drill program when the market turns. Meanwhile, the property is
in now in good standing.


Pricing of the units below $0.05 is permitted because of current market
conditions. It is an opportunity for those who have confidence in the Talmora
story and understand the cyclical nature of the resource business.


Project Summary

Talmora holds 211 mineral claims (68,784 acres) straddling the 68th parallel on
the east side of the Lena West diamond area of the Northwest Territories. Most
of the claims are in the Inuvialuit Settlement Region with the remainder in the
Sahtu Settlemment Region.


Over $75 million has been spent in the Lena West area by other companies with
the recovery of numerous kimberlite indicator minerals (KIMs) and an
unprecedented 18 diamonds in field samples. No kimberlites have been found
except for the Darnley Bay and the Dharma kimberlites on a well-defined
favourable structure that includes the Talmora property.


Sampling on the Talmora property shows a strong correlation between KIMs in till
samples and magnetic anomalies with characteristics of kimberlite pipes. The
majority of Lena West KIMs (those west of Talmora) are very similar to those
from the Talmora property but differ from those of the Darnley Bay and Dharma
properties. There is every reason to believe that the Talmora property may be
the source of the abundant KIMs and diamonds of the Lena West area.


The 2012 field program included the use of a small Packsack drill which
penetrated the glacial till in 3 holes and ended in clay. The clay has
characteristics of weathered kimberlite and 14 anomalous chromite grains from
one hole lie on a relatively narrow crystallization trend line indicating a
single population with a nearby source. The Talmora property must now be tested
with a proper drill in order to obtain fresh kimberlite for microdiamond
analysis.


The technical information contained in this release was compiled by Alan W.
Davies, P.Eng., P.G., who is the Vice- President of Exploration for Talmora.
Alan W. Davies is a qualified person as defined by National Instrument 43-101.


CAUTIONARY STATEMENT

No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein. This News Release
includes certain "forward-looking statements". All statements other than
statements of historical fact, included in this release, including, without
limitation, statements regarding potential mineralization and reserves,
exploration results, and future plans and objectives of Talmora, are
forward-looking statements that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from Talmora's expectations are exploration risks detailed herein and
from time to time in the filings made by Talmora with securities regulators.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Talmora Diamond Inc.
Raymond Davies
President & CEO
416-491-6771

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