Release: BDI Mining Corp: Result of January diamond tender

LONDON - 2 February 2006 - BDI Mining Corp. (AIM-BMG) announces gross proceeds of US$1,483,802 from the sale by tender in Antwerp this week of 6,913.50 carats of gem diamonds from the Cempaka mine in Indonesia.

Tendered for sale were 4,276.66 carats of run-of-mine gem diamonds larger than 2mm, which sold for US$1,173,148, representing US$274 per carat.

Also tendered were 2,636.84 carats of fine diamonds (smaller than 2mm) recovered as a by-product in the gold and platinum recovery circuit, which sold for US$310,654, or US$118 per carat.

BDI Mining Managing Director and CEO, Mr Lee Spencer, said: "We are pleased with the tender result given that the softer diamond market prices experienced in November and December have persisted into January. We're also delighted at the high price received for the sale of the fine diamonds making it a successful fourth tender for BDI."

The tender was conducted in Antwerp under the supervision of BDI Mining's independent consultants, WWW International Diamonds Consultants Limited. BDI Mining's next tender will be held in February 2006. (end of release)