TORONTO, ONTARIO (April 4, 2013) – Pangolin Diamonds Corp. (TSX.V: PAN) (the “Company” or “Pangolin”) has retained the services of Aberdeen Gould Capital Markets Ltd., an Exempt Market Dealer (“Aberdeen”), to lead and arrange a non- brokered private placement offering (the “Offering”) of up to 4,200,000 units of the Company at a price of $0.30 per unit, for gross proceeds of up to $1,260,000.

Each unit (a “Unit”) will consist of one common share of the Company and one common share purchase warrant (each a “Warrant”). Each Warrant will entitle the holder to acquire an additional common share at the price of $0.45 per share for two years from Closing.

The Company has agreed to pay Aberdeen a cash payment equal to eight percent (8%) of the total gross proceeds raised from the Offering, plus compensation unit warrants based upon eight percent (8%) of the total number of Units sold through the Offering, entitling Aberdeen to purchase Units of the Company at any time within a twenty-four (24) month period from Closing on the same terms and pricing of the sold Units in the Offering (one common share at $0.30; plus one Warrant at $0.45) All securities issued pursuant to the Offering will be subject to a four-month hold period from the closing date.

The Company intends to use the net proceeds from the Offering for the advancement of its Botswana diamond exploration projects, as well as for general working capital. Completion of the Offering is subject to TSX Venture Exchange acceptance.

In relation to the news released dated March 25, 2013 by the Company, it would like to clarify that the $2.171 million raised during the Transaction process was not entirely for drilling in 2013. These proceeds helped pay for all costs associated with the Transaction and pay for on going general and administrative costs.

Aberdeen Gould Capital Markets is a Toronto based Exempt Market Dealer that provides Investment & Merchant Banking services to small and mid-market companies. For more information see:

Aberdeen Gould Capital Markets Ltd. – Contact Information

Roger Rosmus, President Phone: +1.416.488.2887 x222 Fax: +1.416.488.1233

For more information regarding Pangolin Diamonds Corp, please refer to:

Pangolin Diamonds Corp. – Contact Information

Graham C. Warren, Chief Financial Officer Phone: +1.416.594.0473
Fax: +1.416.594.1630

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Click to download PDF:Pangolin Diamonds – Financing Press Release_April 4 2013