In order to optimize the possibility of exploration success, a balance is maintained between more advanced projects and grass roots initiatives. The properties owned and operated by Diamondex are strategically located in the areas that host Canada's most significant diamond discoveries along with other areas that show relatively new exploration promise. The Company holds up to a 100% interest in 4.2 million acres comprised of 23 diamond properties. These highly prospective land assets are located in the lower Mackenzie River area and the southern Slave Province of the Northwest Territories; the Melville and Brodeur peninsulas and the Coronation Gulf district of Nunavut and central Alberta.