TAI Talmora Diamond Inc

Talmora Diamond Inc. (CSE:TAI) is pleased to announce the closing of a
non-brokered private placement of 3,307,333 Units, comprised of 3,180,053 Hard
Dollar Units at $0.03 per unit and 127,280 Flow-Through Units at $0.04 per Unit,
for gross proceeds of $100,493.


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 March 21, 2015. 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 July 21, 2014.


The Company now has 60,948,801 common shares 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 72,027,923 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 Company is now focused on funding of a major
drill program to test the Company's many kimberlite targets. Work done in
2012-13 was most encouraging and should facilitate the financing of a drill
program as the market improves.


Pricing of the units below $0.05 was permitted for a limited period because of
weak market conditions.


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 in 3
holes penetrated the glacial till and ended in clay. The clay has
characteristics of weathered kimberlite and 14 anomalous spinel grains from one
hole lie on a relatively narrow crystallization trend line indicating a single
population with a nearby source. The same hole contained 1 picro-ilmenite and 12
Mn-ilmenites (or altered Mn-ilmenites) including 6 with diamond inclusion
compositions.


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
416-499-5187 (FAX)
rayal.davies@sympatico.ca
www.talmoradiamond.com

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