Company Information for Vaaldiam Resources Ltd

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Company Statement

Vaaldiam Resources Ltd is a Canadian based diamond mining and exploration company listed on the Toronto Stock Exchange (symbol: VAA) with two producing mines in Brazil and advanced exploration projects in Brazil and Canada.

Vaaldiam is currently producing high value gem quality diamonds at the rate of 90,000 carats per annum from its Duas Barras and Chapada alluvial diamond mines. The combined average price for the run of mine production is in the order of US$245 per carat which positions Vaaldiam’s operations amongst the highest value diamond producers in the world.

The Company is South America’s largest diamond producer and with an impressive pipeline of exploration projects, Vaaldiam is well placed to deliver significant and sustainable long term growth in value for its shareholders.

Current Operations

Mining
Duas Barras, Brazil

• Commercial production commenced September 2007
• 2008 production of 90,000 carats
• Indicated and inferred resource of 432,000 carats
• Diamond value of US$172 per carat 

Chapada Mine

• Commercial scale production commenced March 2007
• Annual production of 30,000 carats of diamonds per year
• Indicated and inferred resource of 270,000 carats
• Diamond value of US$400 per carat
• Resources contained within 15 sq km area.
• Additional 270 sq km’s of mineral right concessions provides significant exploration upside

Advanced Exploration
Brauna

• 22 kimberlite pipes – 4 diamondiferous and 18 still to be tested.
• 10 million tonnes estimated in 2 of the 4 tested kimberlite pipes.
• Average grade recovered in bulk sampling to date is approximately 40 cpht
• Estimated average carat value of US$125 per carat

Pimenta Bueno

• 41 kimberlites located on 250,000 hectares of land – 50% diamond bearing
• Delineation drilling of 9 pipes outlines a resource of over 235 million tonnes
• 16 of the 41 kimberlite pipes have been discovered since 2004 when VAA became involved
• Rio Tinto has back-in rights

Candle Lake

• 2 large diamond-bearing kimberlites located in the Fort a la Corne kimberlite trend Saskatchewan, Canada.
• Large tonnage potential, in excess of 100 million tonnes

Rondonia

• 8 known kimberlites located on 830,000 hectares of land.
• 5 kimberlites are diamond bearing based on previous sampling.

Catalão

• Composed of 3 kimberlite pipe-like deposits covering a surface area of 0.75 hectares
• Initial sampling by Rio Tinto indicates a grade of 23 cpht
• Definition drilling and additional bulk sampling planned for 2008

Chapada

• Resources currently being mined exist on only 10% of the 270 km2 exploration concessions.
• Previous exploration shows potential for 20 million bank cubic metres of additional resources and a potential 1 million carats
• Located in Rondonia State, Brazil adjacent to the Pimenta Bueno property.
• <//strong>Advanced kimberlite project in final stages of feasibility study

Geographical Spread

Rondonia State - Brazil
Bahia State - Brazil
Minas Gerais State - Brazil
Nunavut Territory - Canada
Central African Republic - Africa

Board of Directors and Key Management

Peter Marrone	Chairman
Alan Lee Barker	Director & Technical Advisor
Peter Bojtos	Director
Juvenal Mesquita Filho	Director
Robert Lord	Director
Antenor Silva Junior	Director
Kenneth W. Johnson	President, CEO and Director
Sam Randazzo	Vice President – Business Development and Director

Company Address Vaaldiam Resources Ltd. 1105 - 55 University Avenue Toronto, Ontario, Canada, M5J 2H7 Telephone: (416) 363-6927 Facsimile: (416) 363-2564 Email: janetreid[at]vaaldiam.com Website: http://www.vaaldiam.com

Capital 81,399,352 undiluted Shares

Annual General Meeting June

Year End December 31

Broker/Analyst Reports

17/11/06 - National Bank Financial Wellington West Capital Markets Westwind Partners Inc.

Related News

04/07/08 - Vaaldiam Aims To Be South America’s Biggest Diamond Producer, But Investors Remain Resolutely Unimpressed
08/11/07 - Vaaldiam Resources Puts Its Three Way Merger To Bed
11/07/07 - Vaaldiam Resources Leads Consolidation Of Canada’s Junior Diamond Companies
10/05/07 - Vaaldiam Resources About To Start Diamond Production In Brazil

Most Recent Statement

02/09/08 - Vaaldiam To Focus on Cash Flow and Advanced Projects in Brazil
17/07/08 - VAALDIAM STRENGTHENS ITS OPERATIONAL TEAM
14/07/08 - RECORD DIAMOND PRICE OF $800 PER CARAT FOR CHAPADA PRODUCTION
02/07/08 - VAALDIAM TO DOUBLE PRODUCTION FROM ITS DUAS BARRAS DIAMOND MINE
23/06/08 - MACRODIAMOND RESULTS FROM CANDLE LAKE PROJECT
11/06/08 - FIRST GOLD SALE FROM DUAS BARRAS MINE