Pangolin Diamonds Enters into Agreement to Purchase Amulet Diamond (Botswana) Pty Limited

TORONTO, ONTARIO (July 25, 2022) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) announces that it has entered into a letter agreement as of July 15, 2022 (the “Agreement”) to acquire from Amulet Diamond Corporation (“Amulet Canada”), an arm’s length party to the Company, all of the issued and outstanding shares of Amulet Diamond (Botswana) Pty Limited (“Amulet Bots”) for nominal consideration, which entity holds certain plant and equipment assets (the “BK11 Assets”) relating to the BK11 Mine, located in Letlhakane, Botswana. The BK11 Assets were originally acquired by Amulet Bots pursuant to the terms of a contractor and sampling services agreement, signed with Firestone Diamonds Limited and dated May 23, 2017.

As at the date hereof, Diacor International Ltd. (“Diacor”), which party is arm’s length to each of Amulet Canada, Amulet Bots and the Company, holds security (the “Amulet Security”) over all of the assets and undertakings of Amulet Canada in connection with the extension of a US$2 million loan (the “Amulet Indebtedness”) made by Diacor to Amulet Canada in May 2017 and has consented to the transactions (the “Transactions”) contemplated in the Agreement, including the discharge of the Amulet Security subject to the terms and conditions of the Agreement. As consideration for the release of the Amulet Security, Pangolin has agreed to use its best commercial efforts to liquidate the BK11 Assets following completion of the Transactions, subject to certain exceptions, and remit to Diacor 90% of the proceeds from such dispositions over a period of up to 18 months (the “Disposition Period”) until Diacor has received US$500,000 in satisfaction of the Amulet Indebtedness.

In connection with the completion of the Transactions, Pangolin has agreed to grant Diacor a general security interest (the “Pangolin Security”) in its assets and undertakings for the duration of the Disposition Period. Regardless of the value of the proceeds remitted to Diacor by Pangolin during the Disposition Period, Diacor has agreed to discharge the Pangolin Security upon the termination of the Disposition Period, at which point Diacor will no longer have any interest in and to the proceeds of any future sales of BK11 Assets, as Pangolin will retain a 100% interest in all such sales and any remaining BK11 Assets.

The Transactions are subject to a number of conditions including, but not limited to, the receipt of TSX Venture Exchange approval, if required. The parties anticipate closing the Transactions as soon as all conditions precedent set out in the Agreement have been met, which is expected by early August, 2022.

Graham C. Warren
Pangolin Diamonds Corp 82 Richmond Street East

Toronto, Ontario M5C 1P1


About Pangolin 

Pangolin Diamonds focuses on exploring and developing commercial diamond mines in the Republic of Botswana. Management and our advisors are veterans of diamond discoveries and project finance. Pangolin is managed from Toronto, Canada, and Francistown, Botswana, and trades on the Toronto Venture Exchange under the symbol “PAN”. For more information, please view the recent presentations on our website at

Dr. Leon Daniels, President and CEO


Graham C. Warren, Chief Financial Officer


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

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Pangolin Diamonds Provides Exploration Update AK10 Kimberlite Gets Green Light For 500 Tonne Bulk Sample

TORONTO, ONTARIO (June 23, 2020) – Pangolin Diamonds Corp. (TSX-V: PAN) (“the Company” or “Pangolin”) wishes to update shareholders on recent activities at its various projects in the Republic of Botswana, Africa.

Highlights Include
  • All field teams fully operational
  • Approval granted to proceed with AK10 kimberlite 500 tonne bulk sample
  • New kimberlite drill targets to be delineated at Malatswae and Motloutse Projects
  • KW04-C dyke to be tested for macrodiamonds at Kweneng Project


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Pangolin Reports Positive Drill Results at Kweneng and Provides Diamond Exploration Update – Botswana, Africa 

TORONTO, ONTARIO (May 7, 2020) – Pangolin Diamonds Corp. (TSX-V: PAN) (“the Company” or “Pangolin”) wishes to update shareholders on recent activities at its various projects in the Republic of Botswana, Africa.

Highlights Include
  • Positive drill results at Kweneng
  • 5% of chromites recovered from soils at Kweneng indicative of diamond stability field
  • 68 aeromagnetic targets identified at Motloutse and Malatswae

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Pangolin Diamonds Provides Exploration Update New Targets Identified

TORONTO, ONTARIO (January 28, 2020) – Pangolin Diamonds Corp. (TSX-V: PAN) (“the Company” or “Pangolin”) wishes to update shareholders on recent activities at its exploration projects in the Republic of Botswana.

New Targets Identified

 Ongoing fieldwork covering a broad extent of Pangolin’s licenses recently identified numerous potential targets outside the Malatswae Project Area. Among these is a potentially large chromite anomaly in addition to other geophysical targets. All newly identified targets are being assessed and developed toward “drill-ready” status in parallel with targets falling within the Malatswae Project Area. Continue reading

Pangolin Diamonds Outlines Phase I Drilling Program to Commence mid-October 2019; Recovers 19thDiamond from Soils at MSC

TORONTO, ONTARIO (October 3, 2019) – Pangolin Diamonds Corp. (TSX-V: PAN) (“the Company” or “Pangolin”)wishes toupdate shareholders on recent activities at its Advanced Stage MSC Exploration Project in the Republic of Botswana, as well as to announce the granting of stock options to certain directors, consultants and key employees of the Company.

Highlights Include
  • Phase I drilling to commence mid-October
  • At least five targets to be drill-tested
  • 19thdiamond recovered from soil samples at its MSC Exploration Project

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Pangolin Diamonds Raises $848,860 – Plans Phase 1 Drilling Program at MSC to Test Recently Identified High Priority Targets; Extends Option on the Diamondiferous AK10 Kimberlite Pipe

TORONTO, ONTARIO (September 9, 2019) – Pangolin Diamonds Corp. (TSX-V: PAN) (“the Company” or “Pangolin”)announces the closing of a non-brokered private placement financing (“the Offering”) for aggregated gross proceeds of $848,860. The Company also wishes toupdate shareholders on recent activities at its projects in the Republic of Botswana.

Highlights Include

  • Closing of oversubscribed non-brokered private placement for gross proceeds of $848,860
  • Extends option on the diamondiferous AK10 kimberlite pipe
  • Plans Phase 1 drilling program at MSC to test recently identified high priority targets


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Pangolin Identifies High Priority Drill Targets at MSC – Its Advanced Stage Exploration Project

TORONTO, ONTARIO (August 20, 2019) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to update its shareholders on its recent activity at its wholly owned advanced stage MSC Project in the Republic of Botswana.

Highlights Include:
  • MSC Project ground-magnetic anomalies coincide with diamonds recovered from soil samples
  • Detailed soil sampling programme in MSC Project recovers 16th diamond
  • Diamonds are located within four different zones within an area of 10 square kilometers
  • Diamond distribution indicate multiple kimberlite sources within the MSC Project area
  • A drilling programme is expected to commence in the fourth quarter of 2019

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Orapa AK10 Kimberlite Mineral Chemistry Assessment Indicates +50 Carat Diamond Potential

TORONTO, ONTARIO November 28, 2018 – Pangolin Diamonds Corp, (“Pangolin” or the “Company”) (TSX-V: PAN) is pleased to announce the results of an AK10 kimberlite indicator mineral chemistry classification by CF Mineral Research Ltd., Kelowna, Canada. Pangolin has been granted the sole and exclusive option to earn up to a 75% interest in the Orapa AK10 Kimberlite (see news July 17,2018). Continue reading

Pangolin Commences Core Drilling on a 10 Hectare Kimberlite Pipe Shaped Target That Returned Positive Kimberlite Indicators at Depth, Botswana, Africa

TORONTO, ONTARIO (September 19, 2018) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to provide an update from the latest drill programme at the Company’s wholly-owned Malatswae Diamond Project (“Malatswae”), located 75 km southeast of the Orapa Kimberlite Field in Botswana.

Highlights include:

  • A completed percussion drill programme returned positive kimberlite indicator minerals at depths between 74 and 98 metres.
  • The magnetically positive pipe shaped anomaly is approximately 10 hectares in size.
  • A 200+ metre core drilling programme has been initiated to confirm kimberlite as the source of the magnetic anomaly and kimberlite indicators.
  • A diamond has been recovered at surface proximal to the drill target.
  • Drill results will be announced once all the data has been received and interpreted.

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Pangolin Drills into Kimberlite Dyke, Botswana Africa; Mini-Bulk Sample of 100 Tonnes Planned to Determine Diamond Content

TORONTO, ONTARIO July 31, 2018 – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to provide an update on the drilling programme at Pangolin’s 100% owned Malatswae Diamond Project, Botswana, Africa.

  • Two diamonds recovered at surface in excess of 1mm in long axis size
  • BH1 – Kimberlitic garnets with Class 1 surface textures recovered at a vertical depth between 21.6 and 26.9 m
  • BH2 – Kimberltiic garnets with primary surface textures recovered at a vertical depth between 47.6 m and 52.8 m
  • BH3 – Kimberlitric garnets with primary surface textures recovered at a vertical depth between 21.6 and 26.9 m
  • The combination of the soil sample and drilling results are indicative of a diamondiferous kimberlite dyke system at MAL 001
  • Once core drilling is completed, a mini-bulk sample of at least 100 tonnes will be undertaken to determine the diamond content for the kimberlite

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Pangolin Finalises Joint Venture Agreement to Acquire Ownership in AK10, and signs an MoU to evaluate and develop the 6 Hectare Diamondiferous Kimberlite Pipe, Botswana Africa

TORONTO, ONTARIO (July 17, 2018) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to announce it has finalized the commercial terms of the Joint Venture Agreement with Makanwu Civil Blasting (PTY) Ltd. (MCB), a private company incorporated under the laws of the Republic of Botswana owned by citizen partners. PAN has previously announced (Please see our April 3rd 2018 release) signing an Option Agreement under which it has the option to enter into a Joint Venture with MCB after PAN has evaluated the geological merits of the AK10 kimberlite. Under the Joint Venture Agreement, MCB has granted PAN the sole and exclusive option to earn up to a 75% interest in respect of MCB’s precious stone AK10 Diamond Project located in the Central District of Botswana, Africa. Continue reading