Vancouver, British Columbia, Canada, September 11, 2008. Sanatana Diamonds Inc. ("Sanatana" or the "Company") (TSX-V:STA and AIM:SAN) announces that, at its Annual General and Special Meeting held on September 3 2008, a resolution was passed approving the proposed de-listing of Sanatana's common shares from the AIM market of the London Stock Exchange while maintaining the Company's listing on the TSX Venture Exchange (TSX-V).
It is intended that the AIM de-listing will take effect no earlier than October, 10 2008. Sanatana's board of directors has taken this decision as a result of a strategic review of the Company's business. This decision will result in immediate cost savings, enhancing the Company's operating results.
A further announcement will be made outlining the timetable for the AIM de-listing.
For additional information on the Company, please contact:
Sanatana:
Mr. Peter Miles, President and Chief Executive Officer, at 604-408-6680 or email .
Seymour Pierce Limited (Nominated Adviser):
Nandita Sahgal, at +44 (0) 20 7107 8000 or email
NEITHER THE AIM MARKET OF THE LONDON STOCK EXCHANGE PLC NOR THE TSX VENTURE EXCHANGE HAS REVIEWED, NOR ACCEPTS RESPONSIBILITY FOR, THE ADEQUACY OR ACCURACY OF THIS RELEASE.
About the Company
Sanatana Diamonds Inc. is focused on the exploration of its Mackenzie Diamond Project, comprised of approximately 5.9 million acres of ground under claims and permits, located north of Great Bear Lake and approximately 700 kilometres northwest of Yellowknife in the Northwest Territories of Canada. The Sanatana Mackenzie project is a joint venture between Kennecott Canada Exploration Inc. and Sanatana Diamonds Inc., which Sanatana operates and in which Kennecott has a contributing 15% interest. Sanatana Diamonds, headquartered in Vancouver, is dual listed on the AIM Market of the London Stock Exchange plc and Toronto Venture Exchange (AIM: SAN: TSX-V: STA).
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