| January 27, 2009 News Release | |
| Nordic Diamonds Ltd. (the "Company") announces that it has arranged for loans to raise a total of $75,000.00 by way of two loan agreements. The Company will repay the loans within a twelve month period and the interest rate is set at the rate of the London Interbank Offered Rate (LIBOR) plus 2% interest per annum. The two lenders would receive the maximum permitted bonus, being 300,000 shares to be issued as a bonus for granting the loan. This transaction is subject to acceptance by the TSX Venture Exchange. For complete details of this news release and other projects, please visit the Company's website at www.nordicdiamonds.com or call the Company's representatives at: Telephone: 604-718-5454 Facsimile: 604-646-2054 Email: info@nordicdiamonds.com ON BEHALF OF THE BOARD OF DIRECTORS NORDIC DIAMONDS LTD. Tanuja de Silva Director, CFO & Corporate Secretary The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. Certain information presented in this release may constitute "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. | |
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