New Nadina Explorations Limited (the "Company") and partners Chris and Jeanne Jennings (22.11%), and Archon Minerals Ltd. (20.4%) have commenced the summer diamond exploration on the Monument Diamond Project at Lac De Gras, Northwest Territories.  
Drilling at the RIP kimberlite has so far increased the size to 0.412 hectares.  The RIP pipe is located only 40 meters east of the DD17 kimberlite.  Kimberlite will be logged and submitted for caustic fusion.  Diamonds recovered will be combined with previous sample results to estimate a modeled diamond grade.  The diamond distribution in the current sample from RIP suggests a large stone population exists. Previous microdiamond counts from RIP returned 142 microdiamonds (>0.106 mm) from 384.95kg (News Release April 6, 2006).

Land based exploration drilling has discovered a new kimberlite named Genie.  Exploration drilling is ongoing, first in close proximity to the known DD17, RIP, DD17-11, Sonja and NIC pipes, followed by as many other targets as crew and equipment availability permit.   

Testing of targets under water is planned for the spring of 2008.  Remaining microdiamond results from DD17 kimberlite are pending.

The Monument Program is supervised by Mr. K. R. Kivi, P.Geol., an independent Qualified Person as defined by National Instrument 43-101 and the drill program is supervised by Uwe Naeher, P.Geol.  Mr. Kivi reviewed the content of this news release.

Pictures from the project will be posted - link Click Here

Contact Ellen Clements at (800) 856-3966 or Larry Widmer at 250 764 0577 for further information.

ON BEHALF OF THE BOARD

“Signed”

Ellen Clements,
Director, President & CEO

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