=======================================================================
      News Release 2012 - Wednesday, July 18, 2012
      Diamonds North and Uranium North Acquire Gold Property in
      Washington State, Exploration is Underway
=======================================================================

Vancouver, BC, July 18, 2012 --Diamonds North Resources (TSX-V: DDN)
and Uranium North Resources Corp. (TSX-V: UNR) ("the "Companies")
announce the acquisition of the Pierre Creek Gold property in Stevens
County, Washington State. Exploration work on the property is already
underway.

The exploration target at Pierre Creek is a high grade gold-silver
skarn deposit similar to the Buckhorn Deposit which is located 70
kilometres to the west. The Buckhorn Mine is a high grade, one million
ounce underground gold mine owned by Kinross. It is currently the third
highest grade gold deposit in production in the United States.

The Companies have observed several similarities between the Pierre
Creek Property and the Buckhorn Deposit area. Both areas occur in
comparable geology with rocks of the same approximate age, and both are
proximal to gold bearing iron ore skarn deposits grading up 3 to 4.5
g/t gold. The three historic gold bearing iron ore skarn mines that are
within the vicinity of Pierre Creek lie along major lineaments. The
property also covers the extension of three major lineaments, numerous
mineralized showings and a broad alteration zone associated with skarn
deposits.

 "The similarities to the Buckhorn Mine area and its location, only 82
kilometres by existing road to the Kinross Mill, combine to make Pierre
Creek a very exciting property," says Mark Kolebaba, President and CEO
of the companies.
 
Initial stages of exploration will consist of mapping, sampling and
magnetic surveys. Reports of geological and geophysical work, including
5 drill holes were completed between 1990 and 1994 by Homestake,
Chevron and Pathfinder. Results for this work are not available.

The Pierre Creek property has a 0.25% royalty payable to a consulting
geologist. The royalty may be purchased at any time for the value of
300 ounces of gold.  The 2437 acre property is comprised of 1797 acres
of federal land and 640 acres state lease.  The 640 acre state lease is
subject to the terms of the state mineral prospecting lease as
prescribed by the State of Washington.

Diamonds North Resources Ltd. and Uranium North Resources Corp. have
formed and jointly own Minerals North LLC, a Nevada registered company
with the objective to explore mineral deposits in Washington State.
This partnership demonstrates the Companies' commitment to increasing
shareholder value while maintaining low exploration costs.  The
Companies are actively seeking joint venture partners for their
northern Canadian projects as they represent significant opportunities.

Graham Gill P.Geo and Bruce Kienlen P. Geol will be the Qualified
Persons as defined by National Instrument 43-101 reviewing the data
collected and overseeing the project.

On behalf of the Board of Directors.


Mark Kolebaba
President & CEO

For additional information please contact:

 
Diamonds North Resources Ltd.
Troy Shultz
Manager, Corporate Communications 
Telephone: (604) 689-2010
Facsimile:  (604) 484-7143
Email: info@diamondsnorth.com
Website:     www.diamondsnorth.com

Uranium North Resource Corp
Heather Kays
Manager, Corporate Communication-
Tel: 604-484-7120
Fax: 604- 484-7143
Website: www.uraniumnorth.com
Email: info@uraniumnorth.com
 

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. Statements
in this press release, other than purely historical information,
including statements relating to the Company's future plans and
objectives or expected results, may include forward-looking statements.
Forward-looking statements are based on numerous assumptions and are
subject to all of the risks and uncertainties inherent in resource
exploration and development. As a result, actual results may vary
materially from those described in the forward-looking statements.
Grams per tonne are noted as g/t.  All dollar amounts are expressed in
Canadian dollars, unless otherwise specified.

=======================================================================
Copyright (c) 2012 DIAMONDS NORTH RESOURCES LTD. (DDN)  All rights
reserved.  For more information visit our website at
http://www.diamondsnorth.com/ or send mailto:info@diamondsnorth.com
=======================================================================
.