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DIAGNOS Receives Final Approval From the Dominican Republic Government for the Exploration of Its 25,000 Hectare Maple Property and Executes Maxtech Ventures Service Contract for $2M

Posted on: Wednesday, 3 September 2008, 12:00 CDT

DIAGNOS Inc. ("DIAGNOS" or the "Corporation") (TSX VENTURE: ADK), a leader in the use of artificial intelligence ("AI") and advanced knowledge extraction techniques, announced today the approval from the Dominican Republic government for the exploration of the Maple property previously acquired in September 2007 as announced in the press release dated September 17, 2007. The Maple property of 25,000 hectares (253 square km) is located at 15 kilometres of La Vega in the central part of the Dominican Republic. This property was acquired on the basis of targets found by the CARDS system as a high potential for gold and also for other precious and base metals.

The agreement provides that:

- Maxtech acquires an interest of 80% on the property for the sum of $150,000, payable in two payments of $75,000, one at the signature of the contract and the other one on government approval;

- DIAGNOS retains 20% of the property and a Net Smelter Return of 2% on any economic discovery;

- Maxtech will have the option to repurchase 1% of this NSR for $1,000,000 CDN at any time during the five years following the discovery;

- the agreement also stipulates that Maxtech is committed to spending $2,000,000 US over three years for the first phase of exploration on the property;

- after having supplemented its engagements, Maxtech will hold 80% of the Maple property.

Mr Andre Larente, president of DIAGNOS, and Mr Thomas Tough, President of Maxtech, are confident on the potential of this property located in the central zone of the volcanic belt Cretace at the limit of a broad body of tonalite presenting an important magnetism. Indeed, within 50 kilometres of the property, we find the world class deposit Pueblo Viejo, the second largest known deposit of gold after Yanococha in Peru. The mine of Pueblo Viejo produced 5.4 million ounces of gold and 24.7 million ounces of silver between 1975 and 1999. Furthermore, the East border of the property is at less than 15 kilometres of the Falcondo Nickel mine.

Mr Thomas Tough, as for him, declared: "We are very happy that the Dominican Republic Government has finally approved this project. With the recent Barrick and GoldCorp investment of $3 billion in the Pueblo Viejo mine this makes our project even more attractive."

DIAGNOS can count on a multidisciplinary team that includes professionals in Geophysics, Geology, Artificial Intelligence, Mathematics, Information Technology, as well as Remote Sensing and Image Interpretation.

The Corporation's objective is to develop a royalty stream by significantly enhancing and participating in the exploration success rate of mining and oil and gas companies. For further information, please visit our Website at www.diagnos.com or the SEDAR Website at www.sedar.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

 Contacts: DIAGNOS Inc. Andre Larente Chairman and CEO 450-678-8882, ext. 224 alarente@diagnos.com

SOURCE: DIAGNOS Inc.


Source: MARKET WIRE

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