Pangolin Recovers Diamonds From the Kimberlitic Magi Area, Tsabong North Project, Botswana - Seite 3

During the past nine months a series of airborne geophysical targets were drill tested. To date the most significant discovery is the Magi area where an apparently extensive kimberlitic tuff was intersected in six drill holes.

The presence of diamonds in the Magi is consistent with the high pressure mantle derived garnets previously reported from this discovery and, together with the known diamondiferous Tsabong kimberlites to the south, confirms the general prospectivity for diamondiferous kimberlites in the area.

About the Mmadinare Diamond Project

The Mmadinare Project, located in northeast Botswana, is 1,345.6 square kilometres in size. It contains similar geological environmental indicators to known mines such as Venetia, the Oaks, Martins Drift and River Ranch.

As reported in the September 18, 2013, news release, Pangolin previously discovered Manganese-rich (manganoan) ilmenites within a volcanic intrusion (the "SWS-21") in the Project Area. Manganese-rich diamond-inclusion type ilmenites are known to be associated with diamondiferous kimberlites and diamonds.

The enzyme-leach trace element chemistry from the SWS-21, identified by independent lab analysis, is identical to diamondiferous kimberlites in the Jwaneng area, Botswana. Also as reported, multiple diamond-inclusion type manganoan ilmenites were recovered from soil samples collected in a different part of the Project Area.

About the Malatswae Diamond Project

The Malatswae Diamond Project covers approximately 1,200 km² and is located 70 km southeast of the Orapa Mine. The Project targets kimberlite. The chemical
compositions of the garnets from the Malatswae Project are distinctly different from the garnets from the Orapa kimberlite field, indicating an undiscovered kimberlite
source.

The technical disclosure in this news release has been reviewed and approved by Dr. Leon Daniels, Ph.D., Member of AIG, Chairman of the Board of Pangolin Diamonds, a Qualified Person as defined by National Instrument 43-101.

About Pangolin Diamonds Corp.

Pangolin Diamonds Corp. is building a leading diamond exploration and development company in the heart of Botswana, the world's leading diamond producing country by value. The Company is the 100% owner of four separate projects throughout Botswana inclusive of the Tsabong North, Jwaneng South, Malatswae and Mmadinare Projects. Pangolin's management and team leaders have over 100 years of combined diamond exploration. This places the Company as one of the most experienced diamond explorers in Botswana. The Company is equipped for exploration, with two diamond drill rigs and a fully portable one-tonne per hour Dense Media Separation plant used to prepare samples and make diamond concentrates.

For more information, please refer to www.pangolindiamondscorp.com

Follow us on Twitter: @pangolindiamond

Neither the 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.

Pangolin Diamonds Corp.
Scott Young
Investor Relations
+1.416.488.1370
[e-mail]

Pangolin Diamonds Corp.
Graham C. Warren
Chief Financial Officer
+1.416.594.0473
+1.416.594.1630 (FAX)
[e-mail]