Vaaldiam Resources Ltd.: New Kimberlite Dike Discovered on Brauna Property.

TORONTO -- Vaaldiam Resources Ltd. (TSX VENTURE:VAA) (60% interest) and partner Majescor Resources Inc. (MAJ - TSXV) (40% interest) have discovered a new kimberlite dike on the Brauna diamond property, situated in the state of Bahia, northeastern Brazil. The new kimberlite occurrence was discovered during prospecting in the Itapicuru river area, situated in the southern part of the Brauna property, a location known as the "Garimpo do Bastiao", the site of substantial alluvial diamond and gold exploitation during the 1940s and 1950s. The new kimberlite dike, named Brauna 17, was exposed in a surface trench located just 50 metres from the Itapicuru River. The dike exhibits a width of 1.0 metre and strikes in an east-west direction, roughly perpendicular to the northwesterly trending kimberlite dike system which hosts the Brauna 3, Brauna 4 and Brauna 7 kimberlite pipes. The exploration program on this dike will focus on determining if the dike might be the primary source from which the diamonds recovered from the "Garimpo do Bastiao" eroded. A map showing the location of the new discovery is available on Vaaldiam's website at www.vaaldiam.com/pagefind.php?id=39.

The Brauna project comprises three exploration concessions which now encompass four known kimberlite pipes, or blows associated with a system of kimberlite dykes that have been traced over a distance of approximately 15 kilometres. Based only on the surface exposures, the pipes range in area from 0.50 hectares at the Brauna 7 pipe, to 2.0 hectares at the Brauna 3 pipe. Surface exposures of kimberlite within the dyke or fissure systems indicate widths ranging from 0.7 metres at the Brauna 6 occurrence, to 5 metres at the Brauna 8 occurrence.

Drill Program Underway

Core drilling of the Brauna 3 kimberlite pipe started in December 2005 with three holes completed. Vertical drill hole BRA01-01 tested the south lobe of the Brauna 3 pipe, and was drilled to a depth of 201.45 metres intersecting 188.95 metres of kimberlite. Drill holes BRA03-02 and BRA03-03 were also vertical holes which were drilled at the west and eastern margins of the magnetic anomaly that is associated with the Brauna 3 pipe. Hole BRA03-02 was drilled to a depth of 109.00 metres, intersecting approximately 83 metres of kimberlite with intercalations of granite, indicating that the hole was drilled along the eastern margin of the pipe. Hole BRA03-03 was drilled to a depth of 63.60 metres and defined the western margin of the pipe, having intersected approximately 25 metres of kimberlite, with granite intercalations before ending in granite. Two angled drill holes are currently being completed. Drill hole BRA03-04 is being drilled to the northwest from the location of drill hole BRA03-01, to determine whether the north and south lobes of the Brauna 3 pipe are connected. The hole is currently in kimberlite at a down-hole depth of 93.70 metres, having intersected the top of the pipe at a vertical depth of approximately 3 metres. Hole BRA03-05 is an angled hole that is being drilled in a northeasterly direction from the location of BRA03-03. This hole intersected kimberlite at a down-hole depth of 13.65 metres and is currently in kimberlite at a depth of 43.20 metres. The following table summarizes the results of the drilling completed at the Brauna 3 pipe. A map showing the location of the drill holes is available for viewing on Vaaldiam's website at www.vaaldiam.com/pagefind.php?id=39.

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Drill
Hole #   Down-Hole Depth (m) Description
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BRA03-01 0.00 to 3.20        Soil
         3.20 to 5.95        Saprolitic Kimberlite with Calcrete
         5.95 to 10.35       Kimberlite
         10.35 to 17.50      Granite Boulder
         17.50 to 201.45     Hypabyssal Facies Kimberlite
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BRA03-02 0.00 to 3.80        Soil
         3.80 to 13.20       Saprolitic Kimberlite with Calcrete
         13.20 to 89.00      Kimberlite with Granite Intercalations
         89.00 to 109.00     Granite
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BRA03-03 0.00 to 2.80        Soil
         2.80 to 8.35        Saprolitic Kimberlite with Calcrete
         8.35 to 27.70       Kimberlite with Granite Intercalations
         27.70 to 63.60      Granite
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BRA03-04 0.00 to 5.10        Soil
         5.10 to 12.20       Saprolitic Kimberlite with Calcrete
         12.20 to Ongoing
          @ 93.70            Kimberlite
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BRA03-05 0.00 to 4.00        Soil
         4.00 to 6.55        Saprolitic Kimberlite with Calcrete
         6.55 to 13.65       Altered Granite
         13.65 to 24.90      Kimberlite
         24.90 to 26.80      Granite
         26.80 to Ongoing
          @ 43.20            Kimberlite
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The Brauna 3 pipe is reported to have produced diamonds in the past. During 2000, a local farmer started mining activities at the Brauna 3 pipe. Production records from the manual mining operation, which were reviewed by Vaaldiam's geologists, indicate that during 2000 and 2001, a total of 250 diamonds with a total weight of 372.9 carats were reportedly recovered from colluvial gravels and soils excavated immediately downslope from the Brauna 3 kimberlite. The individual diamonds reportedly ranged in size from 0.20 carats to 15.5 carats, with a significant portion of stones falling in the one to three carat range, with the average stone size 1.49 carats. A two-metre thick cap of calcrete overlies the Brauna 3 kimberlite, which appears to have prevented mining of the kimberlite pipe itself. However, a small 8 metre deep pit excavated through the calcrete and into the kimberlite reportedly resulted in the recovery of a 3.55 carat diamond from a small sample. Since these reported results were achieved prior to Vaaldiam and Majescor's acquisition of the Brauna project, they cannot be verified. Vaaldiam expects to commence a mini-bulk sampling program during Q2-2006 to determine the diamond content of the pipes and dikes on the Brauna property.

This release has been reviewed by Jose Ricardo Pisani, Vice President, Exploration who is a qualified person under National Instrument 43-101.

The TSX Venture Exchange does not accept responsibility for the ad equacy or accuracy of this release.

Vaaldiam Resources Ltd. (TSX VENTURE:VAA)