Diamond Lake Minerals, Inc. (OTC

DLMI) Engages Fruci & Associates as Auditors to Pave the Way for Uplist to a Senior Exchange

SALT LAKE CITY, Oct. 19, 2023 (GLOBE NEWSWIRE) -- via IBN – Diamond Lake Minerals, Inc. (OTC: DLMI) (the "Company" or "DLMI"), a leading multi-strategy operating company specializing in developing and supporting digital assets and SEC-registered security tokens, is delighted to announce a significant milestone in its journey. The Company has engaged Fruci & Associates II, PLLC as its PCAOB registered auditing firm for a comprehensive two-year audit, aligning with its strategy to enhance transparency, boost investor confidence, and support its planned uplisting to a senior national exchange.

The decision to engage Fruci & Associates underlines Diamond Lake Minerals' commitment to fostering trust and accountability within the rapidly evolving digital asset landscape. This two-year audit will serve as a critical stepping stone towards becoming a fully reporting company with the Securities and Exchange Commission (“SEC”), a necessary precursor to the Company's planned uplisting.

"The engagement of Fruci & Associates exemplifies our dedication to responsible and transparent financial reporting,” said Brian J. Esposito, CEO of Diamond Lake Minerals, in expressing his support for this engagement. “We believe that uplisting to a senior national exchange is an important step that will expand our reach and credibility, while facilitating participation with institutional investors. Fruci & Associates, with its commitment to investor protection, will be instrumental in helping us continue towards achieving our goal of ensuring the Company’s financial integrity."

While this audit is a substantial development in Diamond Lake Minerals' journey, it will run concurrently with the Company's commitment to advancing its ongoing projects and initiatives. The audit is an integral part of Diamond Lake Minerals' broader strategy, focused on preparing for future growth and expansion in the digital asset and security token sector.

Upon the successful completion of the two-year audit, Diamond Lake Minerals anticipates positioning itself as a trusted leader in the digital asset industry. The uplisting to a higher reporting tier and enhanced transparency should enable the Company to draw the interest of institutional investors, contributing to its growth and long-term success.

This announcement comes on the heels of recent additions to the Company’s list of strategic advisors: Anthony Scaramucci, Larry Namer, Andrew Fromm, Brandon Fugal, Raul Leal, Michael Malik Sr., and Agnes Budzyn. Each valued strategic advisor strengthens Diamond Lake Minerals’ commitment to its core mission of combining traditional business values with the future of digital assets, creating a sustainable and thriving ecosystem.