News

September 17, 2008

Cancellation of AIM Listing on October 10, 2008

Vancouver, British Columbia, Canada, September 17, 2008.
On September 11, 2008 Sanatana Diamonds Inc. ("Sanatana" or the "Company") (TSX-V:STA and AIM:SAN) announced its intention to cancel its AIM listing, The AIM delisting will become effective October 10, 2008. The Company will maintain its listing on the TSX Venture Exchange (TSX-V) and, after October 10, 2008, shareholders of the Company resident in the United Kingdom ("UK Shareholders") will be able to trade the Company's common shares ("Common Shares") through TSX-V.

UK Shareholders of Sanatana should be aware of the following information:

Key dates:
  • 7am on October 10, 2008 -- Effective date of delisting from AIM
  • October 31, 2008 -- Effective date of disablement of electronic settlement through CREST.
Prior to October 10, 2008, UK Shareholders may continue to trade their Common Shares on AIM. On or after October 10, 2008, if UK Shareholders wish to trade their Common Shares immediately, they should direct their broker to complete a CREST Stock Withdrawal, upon which their holding will be transferred on to the Canadian Share Register of the Company and UK Shareholders can trade in Canada. If UK Shareholders do not give such a direction to their broker, then in any case, on or shortly after October 31, 2008, Computershare will automatically move the Common Shares on to the Canadian Share Register of the Company. Shareholdings in the Company of UK Shareholders will then be domiciled in Canada and UK Shareholders may trade on the TSX-V.

For additional information on the Company, please contact:

Sanatana:
Mr. Peter Miles, President and Chief Executive Officer, at 604-408-6680 or email investor@sanatanadiamonds.com.

Seymour Pierce Limited (Nominated Adviser):
Nandita Sahgal, at +44 (0) 20 7107 8000 or email nanditasahgal@seymourpierce.com

NEITHER THE AIM MARKET OF THE LONDON STOCK EXCHANGE PLC NOR THE TSX VENTURE EXCHANGE HAS REVIEWED, NOR ACCEPTS RESPONSIBILITY FOR, THE ADEQUACY OR ACCURACY OF THIS RELEASE.

About the Company
Sanatana Diamonds Inc. is focused on the exploration of its Mackenzie Diamond Project, comprised of approximately 5.9 million acres of ground under claims and permits, located north of Great Bear Lake and approximately 700 kilometres northwest of Yellowknife in the Northwest Territories of Canada. The Sanatana Mackenzie project is a joint venture between Kennecott Canada Exploration Inc. and Sanatana Diamonds Inc., which Sanatana operates and in which Kennecott has a contributing 15% interest. Sanatana Diamonds, headquartered in Vancouver, is dual listed on the AIM Market of the London Stock Exchange plc and Toronto Venture Exchange (AIM: SAN: TSX-V: STA).