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Pangolin Diamonds Updates Exploration Work

At Tsabong North, one diamond drill continues to test exploration targets, including the Magi kimberlitic target. Five diamond drill holes were completed between January 24 and February 22, 2014.

At Magi, a magnetic high, two holes – Magi005 and Magi006 – were completed. Intervals of 36 meters and 46 meters of kimberlitic sandy tuff were intersected respectively. Thirteen samples of the sandy tuff from drill hole Magi005 were delivered to the Saskatchewan Research Council Laboratories (“SRC”) in Canada for micro-diamond recovery. Their work is underway. Additionally, mantle-derived indicator minerals were recovered from follow-up samples as outlined in the news release of February 25, 2014.

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