Moydow Mines International Inc. has signed an agreement with Angola’s state diamond company, Endiama, to explore for diamonds on the Dala License in Angola. The agreement states that, Moydow and its strategic partner, Concord Minerals LLC, will hold a combined 40% interest in the kimberlite license. Endiama will have a 51% interest and the balance will be held by a local Angolan partner.

The Dala License comprises approximately 3,000 square kilometers and is located in the Lunda Sul province of Angola. The project is bordered by the BHP/Petra Diamonds’ Alto Cuilo and Muriege diamond properties and is 40 kilometers south of the Catoca Mine, the world’s largest diamondiferous kimberlite pipe.

“The Dala License is probably one of the most prospective areas for kimberlitic diamonds in the whole country, and we are exploring aggressively on the property,” said Brian Kiernan, CEO of Moydow . “We have already prioritized several targets for ground based follow up work and we expect that we will be drilling in the next several months,” added Kiernan.

Moydow Mines International Inc. is engaged in the acquisition, exploration and development of mineral properties worldwide. The company is listed on the Toronto Stock Exchange and the Alternative Investment Market in London under the symbol "MOY."