Canabrava Diamond Corporation: Airborne Geophysics Underway on Mistassini Project, Quebec.

Business Editors

VANCOUVER, B.C.--(BUSINESS WIRE)--Dec. 19, 2001

Canabrava Diamond Corporation (CDNX:CNB.) and Majescor Resources Inc. (CDNX:MAJ.) are pleased to announce that airborne geophysics have commenced on the new Mistassini Project in Quebec.

With an operational base in Chibougamau, the survey will consist of 7,370-line kilometres at 150-metre line spacing. It is slated to be completed by year-end. The survey will assist in defining drill targets at the head of each of the of the distinctive dispersion trains of kimberlitic indicator minerals already defined by Majescor on the project. Canabrava and Majescor intend to be in a position to drill any high priority targets in the first quarter of next year. Majescor is the operator of the project.

Of interest, Ashton Mining of Canada Inc. and its partner Soquem announced that the two kimberlitic pipes recently drilled to the north of the Mistassini property are significantly diamondiferous. Similarly, the Beaver Lake kimberlite, located just east of the Mistassini property, has also proved to carry both macrodiamonds and a significant population of G10 garnets. This confirms that the entire region (over 40,000 square kilometres) has potential to host diamondiferous kimberlite pipes.

Canabrava Diamond Corporation is actively exploring for diamonds in Brazil and Canada both independently and through major joint ventures with Kennecott Canada Exploration Inc., Navigator Exploration Corp., and Paramount Ventures and Finance Inc. The Company is 45.6% owned by Southwestern Resources Corp. (SWG-T).

Majescor Resources Inc. is an exploration company with the largest diamond portfolio in Quebec where it has a joint venture with BHP Diamonds Inc. on the Portage property.

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