Cempaka II Diamond Valuation

RNS Number:2705O
BDI Mining Corp
20 December 2006


London office:
Level 5
22 Arlington Street
London SW1A 1RD
England

T: +44 (0) 207 016 5106
F: +44 (0) 207 016 5101

NEWS RELEASE



                       CEMPAKA PHASE II DIAMOND VALUATION


LONDON - 20th December 2006 - BDI Mining Corp. ("the Company") reports that it
has received an independent valuation of US$266 per carat for the first parcel
of diamonds recovered from initial Phase II mining at the Cempaka Diamond Mine
in SE Kalimantan, Indonesia.


The run-of-mine parcel of 702 carats was recovered from initial mining and plant
commissioning of the first open pit in the main Cempaka channel. Phase II of
operations at Cempaka have commenced and will target production of 100,000
carats per year.


Managing Director and CEO of BDI Mining Corp, Lee K. Spencer commented, "We are
very pleased and highly encouraged with the valuation of the first stones from
the main Cempaka channel which so far have had a higher average stone size and
better stone quality than Danau Seran. And with a grade consistent with our
projections, we are hopeful that the high valuation will impact significantly on
revenues from Phase II of operations".


BDI Mining Corp's exploration is supervised by the Company's Managing Director
and CEO, Mr Lee K. Spencer, MSc, MAusIMM, a Competent Person as defined by
Clause 10 of the Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves (JORC Code - 2004 Edition). Mr. Spencer has reviewed
all references to resources and exploration results contained herein and has
approved them for release.



BDI Mining Corp is an Asia-Pacific focused mining and exploration Company whose
primary assets are the Cempaka alluvial diamond mine in Indonesia, and the
100%-owned, advanced Woodlark Island gold project in Papua New Guinea.





For further information, please contact:

BDI Mining Corp.
David Lenigas (Chairman)                      Tel: +44 (0) 788 182 5378
Martin Horgan (Director)                      Tel: +44 (0) 777 867 0342

General email                                 info@bdiminingcorp.com
Website                                       www.bdiminingcorp.com

Ruegg & Co. (AIM Nominated Advisor)
Brett Miller                                  Tel: +44 (0) 20 7584 3663

Hichens, Harrison & Co. (Joint AIM Broker)
Dave Paxton/Adam Wilson                       Tel: +44 (0) 20 7382 4473

WH Ireland Ltd. (Joint AIM Broker)
Philip Haydn-Slater                           Tel: +44 (0) 20 7220 1690

Parkgreen Communications
Justine Howarth / Ana Ribeiro                 Tel: +44 (0) 20 7493 3713




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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