Margaret Lake grants options to buy 1 million shares Mr. Yari Nieken reports MARGARET LAKE DIAMONDS ANNOUNCES GRANT OF OPTIONS

Margaret Lake grants options to buy 1 million shares

Mr. Yari Nieken reports

MARGARET LAKE DIAMONDS ANNOUNCES GRANT OF OPTIONS

VANCOUVER, BC- TheNewswire - Margaret Lake Diamonds Inc. ("MLD" or the "Company")

(TSXV:DIA) (FKT:M85A) (OTC:DDIAF) Margaret Lake Diamonds Inc. has granted stock

options to certain directors, officers and consultants to purchase up to an aggregate of 1 million

common shares of the company at a price of $0.055 per share, exercisable up to one years from

the date of grant.

About Margaret Lake Diamonds Inc.

Margaret Lake is a Canadian-based mineral exploration company. As part of its joint venture

with Arctic Star Exploration, Margaret Lake holds an 18.5-per-cent interest in the Diagras

diamond project, Northwest Territories, property. The property hosts 13 known kimberlites

originally discovered by DeBeers in the 1990s, and Margaret Lake believes there is an

opportunity to apply modern exploration techniques to define additional kimberlites.

ON BEHALF OF THE BOARD OF DIRECTORS OF MARGARET LAKE DIAMONDS INC.

Yari Nieken, CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined

in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy

of this release