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April 21, 2008
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Sanatana Finds New Kimberlite, Greenhorn Project NWT
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 21, 2008) - Sanatana Diamonds Inc. ("Sanatana" or the "Company") (TSX VENTURE:STA)(AIM:SAN) is pleased to announce that it has intersected a new kimberlite, Dharma Uttar (in keeping with our Indian, Hindu theme, "Uttar" means north in Hindi), adjacent to, and north of the Dharma kimberlite discovered in 2007.
The current drill hole was collared in kimberlite at a dip of 60 degrees and azimuth of 290 degrees, and is currently drilling at 40 metres in pyroclastic kimberlite. A previous vertical drill hole was collared 25 metres to the southwest of this hole and it clipped this kimberlite, intersecting kimberlite at 73.5 metres to 75.8 metres. Drilling in the current hole will continue until it exits kimberlite.
Drilling will continue at Dharma and Dharma Uttar until their rough size and outline is determined, and until enough sample (500kg to 1000kg) has been recovered from each major kimberlite unit for microdiamond analysis.
This new kimberlite discovery is part of our systematic exploration program which is focused on defining the size and membership of the kimberlite field around the Dharma discoveries. This program is primarily driven by geophysics: drill testing magnetic, EM and gravity anomalies. However, till sampling shows evidence of several other indicator mineral sources in the Greenhorn area distal to Dharma.
The drill program to date has been hampered by a lack of water for drilling. Although there are many lakes in the area, most are shallow and are frozen to bottom. Drilling can only occur near the deeper lakes and therefore many of the higher priority targets remain untested.
The Company plans to continue to test on "water" targets using the diamond drill core rig, returning to the "dry" targets once the spring melt is in effect. The company has also purchased a heli-portable reverse circulation drill rig that uses compressed air to bring samples to surface. This rig does not require water and delivery is expected in May, 2008.
The Company has completed 40 magnetic surveys, 14 gravity surveys, 4 Max Min surveys, and 9 core holes on 7 targets on the property since mid March. Ground magnetic surveys and drilling with the coring rig will continue until June 1, 2008.
Qualified Person
The Company's exploration programs are carried out under the supervision of Sanatana's Director and VP of Exploration, Mr. Buddy Doyle. Mr. Doyle meets the qualified person requirements (as defined by National Instrument 43-101) with 26 years of exploration experience, 16 years of which are in diamond exploration. Mr. Doyle has compiled, approved and reviewed the scientific and technical information in this press release.
Forward Looking Statements
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond Sanatana's control, and may include statements regarding resource estimates, potential mineralization, exploration results, completion or continuation of work programs and studies, and future plans and objectives. Resource exploration, development and operations are highly speculative, characterized by a number of significant risks, which even a combination of careful evaluation, experience and knowledge may not eliminate, including, among other things, unprofitable efforts resulting not only from the failure to discover mineral resources, but from finding mineral deposits that though present, are insufficient in quantity and quality to be economic or to return a profit from production. There can be no assurance that such statements and information will prove to be accurate and actual results could differ materially from those suggested by any forward-looking statements and information. Sanatana disclaims any obligation to update or revise such forward looking statements and information except as required by law.
About the Company
Sanatana Diamonds Inc. is focused on the exploration of its Mackenzie Diamond Project, comprised of approximately 4.8 million acres of ground under claims and permits, located north of Great Bear Lake and approximately 700 kilometres northwest of Yellowknife in the Northwest Territories of Canada. The Sanatana Mackenzie project is a joint venture between Kennecott Canada Exploration Inc. and Sanatana Diamonds Inc., which Sanatana operates and Kennecott has a contributing 15% interest. As part of the joint venture arrangement, Kennecott has made available one of their project geologists and a geophysicist from their pool of experienced staff. Sanatana Diamonds, headquartered in Vancouver, is dual listed on the AIM Market of the London Stock Exchange plc and Toronto Venture Exchange (AIM:SAN)(TSX VENTURE:STA).
Neither the AIM Market of the London Stock Exchange Plc nor the TSX Venture Exchange has reviewed, nor accepts responsibility for, the adequacy or accuracy of this release.
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