Diamond Lake Minerals Taps Gaming, Sports & Entertainment Icon Michael J. Malik Sr. as Strategic Advisor

SALT LAKE CITY,, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Diamond Lake Minerals, Inc. (OTC: DLMI) (the "Company" or "DLMI"), a leading multi strategy operating company specializing in the development and support of digital assets and SEC-registered security tokens, is pleased to announce the appointment of Michael J. Malik Sr. as its newest Strategic Advisor. Mr. Malik brings a wealth of experience and a proven track record in the gaming, sporting, and entertainment industry, spanning over five decades. This announcement follows the recent advisory board member additions of Anthony Scaramucci, founder and managing partner of SkyBridge, and Larry Namer, founder of E! TV.

Michael Malik began his career as a consultant and developer in Indian gaming in the 1980s, serving as a partner in North American Gaming (NAG). Since then, he has emerged as a prominent entrepreneur and leader in casino development, spearheading projects in California, Michigan, New York, and beyond. His contributions have been instrumental in bringing gaming and entertainment opportunities to numerous communities.

Mr. Malik directed a successful ballot effort in partnership with NAG to introduce casino gaming to Detroit, Michigan. This achievement culminated in the passage of a Michigan statewide proposal, establishing Detroit as the first urban area in the country to open commercial casinos. Following passage of the proposal, Mr. Malik played a pivotal role in negotiating and implementing the regulatory oversight framework for Detroit's burgeoning casino industry. Furthermore, Malik was a key partner in the casino group Detroit Entertainment, which included prominent figures like Marian Ilitch and over 130 local partners. Detroit Entertainment selected the Mandalay Bay group as the casino operator, and under Mr. Malik's guidance, MotorCity Casino emerged as a thriving entertainment hub, contributing over $1.3 billion annually to the Detroit economy.

"We are so very excited to work along Brian J. Esposito and his team at Diamond Lake Minerals. We believe with Brian at the helm this will be a success," said Michael J. Malik Sr., MJM Enterprises Development Company INC, Principal.

Michael Malik's expertise extends beyond Michigan, as he has actively assisted various Native American tribes in the development of successful casinos. Notably, he played a critical role in the establishment of the Little River Casino in Manistee, Michigan, which ranks among the top three most profitable Indian-owned and operated casinos in the state. His contributions have also extended to the Bay Mills Indian Tribe, where he facilitated the development of two casinos, a hotel, and a golf course in Brimley, Michigan. Currently, Michael Malik is spearheading several projects within the state of Michigan, including Vanderbilt, Flint, and Port Huron. These endeavors are poised to make significant contributions to the local economies and communities they serve.