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News Releases - BRC Diamond Corp.

	December 05, 2007 BRC Diamond Updates Progress on its 2007 Exploration Programs
	Toronto, Canada - December 5, 2007 - BRC Diamond Corporation ("BRC" or the "Company") (TSX.V - "BRC") is pleased to report on the progress of current exploration activities at its Kwango River, Tshikapa, Lubao and Northern Areas diamond projects in the Democratic Republic of the Congo (the "DRC"). Kwango River Project This alluvial project consists of eight exploration permits ("PRs") covering approximately 160 kilometres of the Kwango River, and representing an area of 2,398 square kilometres. During the year, the Company compiled a five meter contour map of the entire Kwango Valley from a combination of airborne photography and Shuttle Radar Topography Mission data with the objective of mapping out the alluvial targets in more detail and identifying additional gravel terraces. Twenty-two gravel targets, mainly in the form of river terraces and valley flats and covering a surface area of 150 square kilometres, were identified and mapped against the Company's PRs. Geological investigation of these targets continued through 2007, during which 603 pits were dug, totalling 5,008 metres, and 104 holes were drilled to a cumulative depth of 2,283 metres. The 12 most prospective targets were covered by this first pass prospecting program. The remaining 10 alluvial targets will be investigated in 2008 by reconnaissance drilling and pitting. This work was focused primarily on the northerly PRs where the Kwango River flows into a narrow channel. The cumulative gravel volume from the 12 targets is estimated to be around 4.1 million cubic metres or approximately 8.6 million tons. The Company has designed a geological sampling plant with a 20 tonne-per-hour (tph) primary grizzly/scrubbing unit, a 5 tph Dense Media Separation Plant and an X-ray final recovery unit to treat bulk samples from the 12 targets outlined to date. The plant is expected to be commissioned in the first quarter of 2008. Tshikapa Project The Tshikapa project, covering 8,763 square kilometres in Kasai-Occidental province, is located within the prospective Kimberlite Emplacement Corridor which extends northward from Angola. The Company currently believes that the Tshikapa area holds the most promise for finding primary diamond sources. This area is well known for its alluvial mines which have produced well over 60 million carats of mainly gem quality diamonds. Kimberlites have yet to be found in the region. During the year, the Company collected 303 prospecting samples and completed a 32,000 line kilometre airborne geophysical survey. The resulting data has produced several promising magnetic targets. Artisanal workings close to some of these targets not only produce alluvial diamonds but also have abundant garnets and ilmenites with fresh surface textures associated with them suggesting that these grains are proximal to their source(s). The Company has generated 44 targets for further follow up. A recently acquired helicopter portable diamond drill rig will be used to drill and assess the nature of these targets. Lubao Project This kimberlite project consists of 20 PRs covering an area of 7,317 square kilometres in Kasai-Orientale province, historically the largest diamond producing region in the DRC. In 2007, BRC completed a reconnaissance stream sampling program, collecting 817 samples, and commissioned a reconnaissance airborne geophysics survey of 8,792 line kilometres over areas that had produced positive samples. These programs were followed up by close interval stream sampling (198 follow up samples) and detailed airborne geophysical surveys (16 blocks; 538 line kilometres). As a result of this work, 16 targets have so far been identified for further assessment. The Company believes that the presence of indicator minerals and alluvial diamonds in the vicinity of the targets, and away from the main drainage, make these targets of exceptional interest. Drilling is scheduled to commence in the second quarter of 2008. Northern Areas Projects The Company recently began reconnaissance stream sampling of its PRs in Equateur Province in the north of the DRC. Some 80 stream samples have been collected to date and it is expected that 1,500 square kilometres will be covered by year-end. The Company anticipates that this program will continue through 2008 and into 2009. Commenting on the Company's exploration progress in 2007, BRC President and Chief Executive Officer, Dr. Mike de Wit, said: "We are extremely encouraged by the results achieved at our projects to date and look forward to following up with aggressive exploration and development programs in 2008. In addition, the Company continues to identify and assess the exploration potential of additional properties in the DRC for possible acquisition." Dr. de Wit is the "qualified person" (as such term is defined in National Instrument 43-101), who supervised the preparation of and is responsible for the technical information in this press release. BRC is a Canadian-based diamond exploration company active principally in the DRC. Led by a management team with extensive experience in the DRC, the Company is active in some of the most prospective diamond regions of the country. Banro Corporation, the Company's largest shareholder with a 27.5% interest in BRC, is a mineral exploration company focused exclusively on the DRC. For further information, please contact Mike de Wit, President and C.E.O., Arnold T. Kondrat, Executive Vice President, or Martin D. Jones, Vice President, Corporate Development, at (416) 366-2221 or 1-800-714-7938. This press release contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to exploration results, potential mineralization and the Company's plans with respect to the exploration of its DRC properties) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, the possibility that future exploration results will not be consistent with the Company's expectations, changes in equity markets, changes in diamond markets, foreign currency fluctuations, political developments in the DRC, changes to regulations affecting the Company's activities, uncertainties relating to the availability and costs of financing needed in the future, delays in obtaining or failure to obtain required project approvals, the uncertainties involved in interpreting geological data and the other risks involved in the diamond exploration business. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

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