BCD - BRC DiamondCore - BRC Diamondcore Closes Financing

BCD - BRC DiamondCore - BRC Diamondcore Closes Financing                        
BRC DIAMONDCORE LTD.                                                            
(Incorporated in Canada)                                                        
(Corporation number 627115-4)                                                   
Share code: BCD & ISIN Number: CA05565C1095                                     
("BRC DiamondCore" or "the Company")                                            
BRC DIAMONDCORE CLOSES FINANCING                                                
Toronto, Canada- May 11, 2011.BRC DiamondCore Ltd. (the "Company") (TSX -       
BCD; JSE - BCD) announces that, further to its May 4, 2011 press release, it    
has closed a non-brokered private placement of 7,500,000 units of the Company   
at a price of Cdn$0.08 per unit for proceeds to the Company of Cdn$600,000.     
Each such unit is comprised of one common share of the Company and one          
warrant of the Company, with each such warrant entitling the holder to          
purchase one common share of the Company at a price of Cdn$0.11 for a period    
of three years.  The Company intends to use the proceeds from this financing    
for general corporate purposes.                                                 
BRC DiamondCore Ltd. is an African-focused diamond explorer with projects in    
the Democratic Republic of the Congo.  Led by a management team with            
extensive experience in diamond exploration and mine development, the Company   
works in a systematic and responsible manner to discover, assess and develop    
diamond resources for the benefit of its shareholders and local stakeholders.   
For further information, please visit our website, www.brc-diamondcore.com,     
or contact:                                                                     
In Toronto: Arnold T. Kondrat, Director, (416) 366-2221 or 1-800-714-7938.      
In Johannesburg: Brian P. Scallan, Vice President, Finance, +27 82 902 6273     
or +243 991772978.                                                              
JOHANNESBURG                                                                    
12 May 2011                                                                     
Date: 12/05/2011 08:35:01 Supplied by www.sharenet.co.za                     
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