February 1, 2008

HIGHLIGHTS:

• Wide high grade gold results from drilling continues to bridge the ‘Gap’ between Mist/Fog and Rocket Lodes.
• MEDD134 – 62m @ 5.58g/t from 366m (inc 10m @13.65g/t)
• Rocket extended 200m at depth below the measured and indicated resource boundary.
• MEDD128 - 1m @ 117.16g/t Au from 439m & 7m @ 6.07g/t Au from 464m
• MEDD124 - 18m @ 5.49g/t Au from 394m
• MEDD127 – 7m @ 9.83 from 359 & 4m @ 37.72g/t Au from 364m
• MEDD131 - 5m @ 14.49g/t Au from 347m
• A resource and reserve update will now commence incorporating all new holes drilled since May 2007.
• Gold production scheduled in early 2008

Australian gold production company Dioro NL (ASX;DIO, thereafter “Dioro” or the “Company”) is pleased to announce significant results from the latest 11 diamond drill holes completed at the company’s advanced Frog’s Leg underground gold mine located near Kalgoorlie in Western Australia. Dioro holds a 49% interest with the operator La Mancha Resources Inc, a TSX listed company, holding 51%.

Since the July 2007 resource estimation, diamond drilling was targeted below the Rocket Lode and in the ‘Gap’ area between the Mist/Fog and Rocket Lodes (Figure .1). Drilling has confirmed the continuity of mineralisation at depth below the Rocket and Mist/Fog measured and indicated resources, and tenor of grade and width of the inferred resources. Detailed results of these 11 holes are reported in Appendix “A”

The Frog’s Leg deposit is located 50kms from the company’s South Kal Operations. Exploration to date has resulted in the definition of a total measured and indicated resource of 723,000 ounces of gold, of which Dioro’s share is 354,000 ounces. Exploration activities aimed at expanding and enhancing this resource are continuing.

To view the full ASX announcement, click here.

For all media inquiries contact:

John Williams
Pofessional Public Relations
Phone: 0412 422 636