DIAMOND EXPLORATION STRATEGIES LTD. ANNOUNCES THE RELINQUISHMENT OF ITS REMAINING PROSPECTING LICENCES IN BOTSWANA.

Diamond Exploration Strategies Ltd. (“DES”) has announced the relinquishment of its remaining prospecting licences in Botswana. DES met all commitments on the licences to its previous alliance partner, Burgundy Diamond Mines, and the Department of Mines.

DES has decided not to seek new funding partners during the current negative market. However, the company continues to develop a portfolio of promising exploration targets, using its extensive diamond exploration database and in-house machine learning algorithms. DES remains optimistic about the market’s recovery, especially for high-quality and colored stones.