News Release

Vancouver – A former director of a Vancouver-based mining company has agreed to pay the British Columbia Securities Commission $25,000 and serve a five-year securities market ban after she admitted to breaching a BCSC cease-trade order.

In a settlement reached with the BCSC, Paula Marie Poe cannot be a director or officer of any issuer and she cannot trade securities except in limited circumstances for five years.

Poe – a former director, senior officer and insider of China Diamond Corp. (formerly Pan Asia Mining Corp.), a TSX Venture Exchange-listed company – admitted in the settlement that she traded securities of China Diamond through a nominee account at First Associates Investments Inc. while she was under a cease trade order. Over one million shares of China Diamond were sold through the nominee account, in breach of the cease trade order.

Poe also breached securities laws when she failed to file insider reports as required for her trading of China Diamond shares.

Earlier this year, a Vancouver stockbroker, employed by First Associates, who admitted to allowing the above nominee account to operate without proper documentation reached a settlement with the BCSC.

The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province. You may view the settlement on our website www.bcsc.bc.ca by typing in the search box, Paula Marie Poe or 2005 BCSECCOM 738. If you have questions, contact Andrew Poon, Media Relations, 604-899-6880.