TAI Talmora Diamond Inc

Talmora Diamond Inc. (CNSX:TAI) is pleased to announce that it has completed a
non-brokered private placement of 5,789,173 Units, comprised of 3,299,173 Hard
Dollar Units and 2,490,000 Flow-Through Units, that were sold at $0.05 per Unit,
for gross proceeds of $289,459 effective November 12, 2009. Each Unit consists
of one common share and one-half of one common share purchase warrant. Each
whole common share purchase warrant ("Warrant") entitles the holder to acquire
one common share for $0.16 until November 12, 2011. If during the term of the
Warrants the common shares of Talmora trade at or above Can. $0.25 for a period
of 20 consecutive trading days, the Company may notify the warrant holder to
exercise the Warrants at a date no later than 30 calendar days after this
notification date or forfeit any unexercised Warrants at that time. All
securities issued pursuant to the financing are subject to a four month hold
period which expires on March 12, 2010. Insiders acquired a total of 1,700,000
Units in the financing. The Company paid finders fees of $3,000. The proceeds of
the financing will be applied to fund exploration and for working capital.


Talmora holds 13 contiguous prospecting permits (577,153 acres) and 175 mineral
claims (54,800.8 acres) straddling the 68th parallel in the Horton River area
south of Paulatuk in the Northwest Territories. Ten of the permits are in the
Sahtu Settlement Region and three permits and all the claims in the Inuvialuit
Settlement Region.


Previous sampling showed a strong correlation between kimberlite indicator
minerals in till samples and magnetic anomalies with characteristics of
kimberlite pipes. Financing exploration programs in 2008 was difficult,
especially following the financial crisis and a drill program to test some of
Talmora's targets was postponed.


A small exploration program in June/July 2009 focused on sampling, airborne
magnetic surveying, and staking of 125 additional kimberlite targets in
preparation for a major drill program when financing becomes easier.


The technical information contained in this release was compiled by Alan W.
Davies, P.Eng., P.G., who is the Vice-President of Exploration for Talmora. Alan
W. Davies is a qualified person as defined by National Instrument 43-101.


CAUTIONARY STATEMENT

This News Release includes certain "forward-looking statements". All statements
other than statements of historical fact, included in this release, including,
without limitation, statements regarding potential mineralization and reserves,
exploration results, and future plans and objectives of Talmora, are
forward-looking statements that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially form those anticipated in such
statements. Important factors that could cause actual results to differ
materially from Talmora's expectations are exploration risks detailed herein and
from time to time in the filings made by Talmora with securities regulators.

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