Otish Mountain Diamond to Receive Ground Sampling Results

NEW YORK, June 8, 2004 (PRIMEZONE) -- Otish Mountain Diamond Company, Inc. (OTCBB:OMDC), a diamond exploration company conducting exploration activities in the Otish Mountains region of northern Quebec, announced today that it anticipates ground sampling results from the Company's Lac Leran JV project in the coming weeks.

Before the winter season, ground samples were gathered from the Company's Lac Leran JV project. These samples are currently being analyzed for indicator minerals content. The Company believes these sample results coupled with its two geological reports, will support the Company's decision to initiate a detailed ground sample exploration program in late August.

Otish Mountain Diamond Company's Lac Leran JV project is located just 25 miles from Ashton Mining and SOQUEM's Foxtrot property. Two samples of kimberlitic boulders were recently collected from this property returning an astonishing total of 883 diamonds. The Foxtrot property has consistently provided the most significant achievements for Ashton Mining and is considered one of the most promising diamond projects worldwide.

According to Max Pozzoni, CEO and Director, "We believe due to the geophysical similarities of the properties and their proximity to one another, that there is strong potential for our Lac Leran project. Diamond bearing kimberlites are found in clusters that can extend for several miles. These latest findings at the Foxtrot property solidify our excitement and enthusiasm for moving ahead with this project."

About Otish Mountain Diamond Company

Otish Mountain Diamond Company, founded in August 2003, is an exploration company conducting diamond exploration activities in the northern part of Quebec. The Company's claims encompass a total of 75,000 acres among 8 different properties in the Otish Mountains region and are located in under-explored areas next to significant diamond discoveries. Geologists believe that there is good potential for the discovery of diamond bearing kimberlites at these sites due to their geological settings and close proximity to valuable explorations sites of industry leaders Ashton Mining, Majescor and Dios (in partnership with DeBeers of South Africa).

Safe Harbor Statement

The statements contained in this news release that are not historical facts may be statements regarding the Company's future that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe the Company's hopes, plans, objectives, goals, intentions or expectations are all forward-looking statements. Any such statements made herein about the Company's future are only made as of the date of this news release. Numerous factors, many of which are beyond the Company's control, may affect actual results. The Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.


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