PATRICIAN DIAMONDS INC. (TSX-V: PXC) PATRICIAN DIAMONDS INC. COMPLETES PRIVATE PLACEMENT

Ottawa, Ontario - Patrician Diamonds Inc. (TSX-V: PXC) ("Patrician" or the "Company") is pleased to announce the completion of a non-brokered private placement of $225,000 through the issuance of 2,500,000 non-flow-through units (the "Units") at $0.09 per Unit. The Units are comprised of one non-flow-through common share and one share purchase warrant for a non-flow-through common share. Each warrant is exercisable at $0.12 on or before May 20, 2010. The common shares and warrants are subject to hold periods expiring on September 21, 2008. The Company paid no finder’s fees in connection with this private placement. Patrician intends to use the proceeds of this offering to fund the diamond drilling program on the Company’s Doctor Lake (Sahtu) project and for general corporate costs. Six to eight holes comprising a total of 1,000 metres of drilling will be completed during the program. The Doctor Lake project is located approximately 60 kilometres northeast of Norman Wells in the Northwest Territories. For much information, please contact: