Shares Issued and Outstanding: 49,602,714TSXV: DMIOTCQX: DMIFFKELOWNA, BC, Nov. 2, 2016 /PRNewswire/ - Diamcor Mining Inc. (TSX-V.DMI / OTCQX-DMIFF), (the "Company") is pleased to provide an update on the acquisition of operational equipment associated with the closing of the oversubscribed $5.8M private placement previously announced on August 31, 2016. The acquisition of additional operating equipment at the Company's Krone-Endora at Venetia Project (the "Project") is aimed at supporting increased processing volumes, incorporating the processing of large material up to 45.0mm, establishing a dedicated large diamond recovery circuit, and increasing the capacity of the Project's final diamond recovery facilities. Work on the various updates/expansions commenced during the previous quarter is targeted for completion prior to the end of the current quarter. Water Infrastructure Update The Company previously announced the completion of two of the four additional planned boreholes/pipelines associated with the granting of the Project's Water Use License. All infrastructure has been completed as envisioned, increasing the total number of boreholes and pipelines established at the Project from three to seven. The additional infrastructure and water resources are designed to support the current needs of the Project and, while no further requirements in this area are envisioned for the near-term, the Company will continue to evaluate additional sources of water to support potential growth requirements in the future. In-Field Dry Screening Plant Update The Project's in-field dry-screening plant is an important element in the Project's success and has been extensively tested, refined, and developed to achieve the Company's target of reducing the material recovered from the quarry by as much as 60% (prior to its transport to the main treatment plant) through removal of fine materials under 1.0mm in size. Recent efforts in developing this facility largely focused on the processing of material in the +1.0mm to -15.0mm size fractions, with material in the +15.0mm to -45.0mm size fractions being stockpiled pending the final decisions on a dedicated large material crushing circuit. The installation of the finalized crushing circuit at the Project is aimed at enhancing processing/recoveries by liberating any diamonds held in the larger calcretized material previously stockpiled, while providing the potential to recover large diamonds above 15.0mm in a dedicated large diamond recovery circuit being installed at the Project's main treatment plant. Upon completion, all material up to 45.0mm will be processed concurrently moving forward, and approximately 550,000 tons of large material previously stockpiled will also be processed over the coming quarters. In conjunction with the efforts underway on the installation of the finalized crushing circuit, additional dust suppression systems are being installed at the dry-screening plant. The finalization of the crushing circuit is expected to be the first of the current upgrades/expansions to be completed and operational prior to the end of November.