Company Information for Sanatana Diamonds Inc

TSX.V-STA; AIM-SAN

www.sanatanadiamonds.com

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TSX.V; STA

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AIM; SAN

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Company Statement

Sanatana Diamonds Inc. . is a Canadian-based diamond exploration and development company focused on its 5.9 million acre Mackenzie Diamond Project located north of Great Bear Lake and approximately 700 kilometres northwest of Yellowknife, in the Northwest Territories of Canada. The company has been an active explorer of this area since early 2004 and has an agreement with Rio Tinto's diamond-focused subsidiary, Kennecott Canada Exploration Inc. ("Kennecott"), to help fund and develop this project. The results of four extensive till sampling programs in 2004 to 2007 have recovered superior kimberlite indicator mineral results and have led to the discovery of what is now called the Dharma kimberlite.

Founded in June of 2004, Sanatana acquired the diamond and mineral rights to the initial prospecting permits and claims that make up the Mackenzie Diamond Project through what is referred to as the Jaeger Agreement. Subsequent to the Jaeger Agreement, additional claims and prospecting permits were acquired in the same geographic area as the initial claim block.

Sanatana began trading on London's AIM (ticker symbol: SAN) in July 2005 and listed on the TVX Venture Exchange in Canada (ticker symbol: STA-V) in May 2006. Since its inception, Sanatana has raised more than C$20 million to fund its exploration programs and boasts a strong balance sheet coming through 2006 and into 2007.

Current Operations

Mackenzie Diamond Project
Sanatana has adopted a three-fold exploration strategy aimed at identifying areas with high potential for discovery of kimberlites. These high potential areas are followed up with detailed exploration programs, which would include but are not limited to, detailed airborne geophysics, ground geophysics, infill till sampling, prospecting and diamond drilling.

The first element of Sanatana's exploration strategy was a study in 2004, which consisted of collecting and validating all available geological data over the Mackenzie Diamond Project, compiling this data into three dimensional databases and generating three dimensional models and target areas that are prospective for kimberlite exploration.

The second element of Sanatana's exploration strategy was a geochemical program of glacial till sampling aimed at identifying patterns of kimberlite indicator minerals in glacial deposits of till covering the Mackenzie Diamond Project. These indicator minerals were derived from potential diamond bearing rocks known as kimberlites. Indicator minerals are formed under the same temperature and pressure conditions required for the formation of diamonds. These indicator minerals -- pyropes, ilmenite, chrome-diopside and chromite -- are formed at depths of approximately 200 km in the earth's crust and are brought up to or near the surface by kimberlites. These kimberlite pipes may or may not contain diamonds but the mechanism that brings indicator minerals to the surface is the same mechanism that brings diamonds to the surface The layers of glacial till containing kimberlite indicator minerals were formed when the glaciers 'scraped' over kimberlite occurrences and dragged that material along as the ice moved across the landmass and dropped it in the "down-ice" direction. Glacial till samples are collected and the number of each indicator mineral is counted. Over 1300 till samples were collected from the Mackenzie Diamond Project in 2004 and 2135 till samples were collected from the property in 2005. Each till sample weighs about 25kg and they are processed and analyzed for kimberlite indicator minerals. The analysis laboratories returned anomalous kimberlite indicator mineral counts from many of the till samples collected in 2004 and 2005. Processing of the till samples collected in 2004 and 2005 was conducted at the Kennecott Diamond Laboratory in Thunder Bay, Ontario and the Vancouver Indicator Processing Laboratory in Vancouver, British Columbia.

The third element of the Company's exploration strategy is a program of airborne magnetic geophysical surveys aimed at identifying kimberlite clusters. Airborne geophysics offers a high level examination of the material below the glacial till that blankets this area of Canada to depths of 100 meters -- it allows a look 'through' the glacial debris of sand, gravel and boulder sized materials to the rock below. The resulting geophysical maps illustrate "anomalies" or potential areas of interest based on geophysical responses (magnetic and /or gravity) which geologists interpret to determine what type of material may be below the glacial till. Airborne surveying of the Mackenzie Diamond Project at 400 meter line spacing commenced in May, 2005 with a total of approximately 160,000 line kilometres completed by the end of November, 2005. The balance of approximately 20,000 line kilometers was completed in the Spring 2006.

Sanatana's technical team, led by Buddy Doyle with input from a complement of technical experts from Kennecott Canada, evaluates all the geological data derived from each of the exploration strategy to determine drill targets.

Sanatana's 2006 exploration program focused on two main areas within the Mackenzie Diamond Project -- the Kilekale Lake and the Coville Lake -- Lac des Bois areas. Drill targets in the Kilekale Lake area were identified by a helicopter-borne low level magnetic survey done at 100 metre spacings. Sanatana also undertook ground geophysical surveys in these areas and 8 of 30 targets identified in the previous exploration season were drilled.

Geographical Spread

Northwest Territories and Nunavut, Canada

Board of Directors and Key Management

Peter Miles	(President, Chief Executive Officer and Director)
Edward Hammond Rivers Marlow	(Chairman)
Buddy Doyle	(Vice President Exploration and Director)
Harley Norman Hotchkiss	(Non-executive Director)
Nick Archibald	(Non-executive Director)
Simon J. Anderson	(Chief Financial Officer)

Company Address

Suite 1925
925 West Georgia Street
Vancouver, British Columbia, Canada, V6C 3L2


Telephone:	+1 604 408 6680
Facsimile:	+1 604 408 6682
Email:	info[at]sanatanadiamonds.com
Website:	http://www.sanatanadiamonds.com

Capital

41 million shares outstanding

Year End

March 31

Nominated Brokers

Insinger de Beaufort

Nominated Advisors

Insinger de Beaufort.
131 Finsbury Pavement, London

Broker/Analyst Reports

14/06/06 - Insinger

Major Shareholders

James Mackie	10.0%
Mathew Mason	9.6%
Peter Miles	9.2%
Rio Tinto Plc	3.5%

Most Recent Statement

16/07/08 - Sanatana Receives Sample Results From Dharma Uttar
22/04/08 - Sanatana Finds New Kimberlite, Greenhorn Project NWT
22/02/08 - Sanatana Commences 2008 Exploration Program
22/01/08 - Sanatana Announces Pricing for Private Placement
16/01/08 - Issuance of 641,025 Shares
20/12/07 - Sanatana Recovers .55 CT Diamond From Dharma Kimberlite

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