VANCOUVER, British Columbia, March 15, 2005 (PRIMEZONE) -- Diamond Discoveries International Corp. (OTCBB:DMDD), (the "Company") is pleased to announce that Independent Equity Research Corp. (eResearch) has posted to their website www.eresearch.ca a research report on the Company with a target price prepared by analyst Christopher Thompson, M.Sc., (Eng), P.Geo.
DMDD invites all shareholders and interested parties to visit our website for a copy of the report in PDF format at www.diamonddiscoveries.com
ON BEHALF OF THE BOARD "John Kowalchuk" John Kowalchuk P.Geo., President & CEO
About Diamond Discoveries International Corp.
Diamond Discoveries International Corp (OTCBB:DMDD) is a U.S. exploration company with executive offices in Vancouver, B.C. Through its wholly owned subsidiary Diamond Discoveries (Canada) Inc. it controls certain mineral permits in the Torngat Mountains Peninsula, north-eastern Quebec. The Company is focused on exploring for diamonds. The Company has located more than 50 kimberlite dykes and several potential kimberlite pipes. This spring, they plan on actively sampling the targeted areas for diamonds both by bulk sampling and core drilling.
About Independent Equity Research Corp. (eResearch)
Diamond Discoveries International Corp. paid eResearch $18,190.00 to cover analyst's cost. Independent Equity Research Corp., operating as eResearch, is a leading source of continuous, independent research on publicly traded companies. eResearch can be commissioned by anyone to provide research. Clients include institutional and retail investors, investment dealers, limited market dealers, and corporations. eResearch does not trade in the securities of the companies covered or accept any stock related compensation for research services. They conduct no investment banking or investor relations services for the companies covered. They provide investors with in-depth information to assist in the investment decision process.
Forward-Looking Statement
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products and competitive pressures. These factors and others are more fully discussed in Company filings with U.S. securities regulatory authorities.