Diamcor and Tiffany Amend Loan Agreement

Diamcor Mining Inc., a Canadian diamond mining company, announced an agreement with Tiffany & Co. Canada to amend loans between them. Under this agreement, Diamcor will make an initial payment of CAD $2,000,000, followed by a second payment of CAD $1,505,256 one year later. This agreement significantly reduces the loan balance from CAD $6,753,045 to CAD $3,505,256 in Diamcor's financial records.

The adjustment reflects a strategic financial move for Diamcor, which focuses on its Krone-Endora at Venetia Project in South Africa. This project, adjacent to De Beers' Venetia Mine, offers low-cost mining potential due to its shallow deposit depths. The deal with Tiffany is expected to assist in focusing Diamcor's resources on expanding their diamond production capabilities.