PATRICIAN DIAMONDS INC. (TSX-V: PXC) Helicopter accident Norman Wells - NT May 24 2008

Ottawa, ON - Patrician Diamonds Inc. (TSX-V: PXC)("Patrician") Cabo Drilling Corp. (Cabo), and Great Slave Helicopters Limited (GSHL) regret to report that on May 24, 2008, a helicopter operated by Sahtu Helicopters was involved in an accident near a drill site being drilled by Cabo on behalf of Patrician, 35 miles north east of Norman Wells. The pilot and one passenger survived the crash and the remaining passenger was fatally injured. All three people onboard the aircraft were part of a diamond exploration team. The team aboard the helicopter had been flying from a campsite in the area of Doctor Lake, about 40 kilometers north of Norman Wells, about 1,500 kilometers northwest of Edmonton, Alberta, when the crash occurred. We are deeply saddened by this event and extend our prayers and condolences to the family of the deceased, as well as our thoughts and prayers for a speedy recovery to those injured in the crash. We also wish to thank all the agencies and authorities who assisted in the initial response, including the medical staff at the accident site, the doctor and nurses at the Norman Wells Heath Centre, and the Norman Wells RCMP detachment for their rapid and professional assistance. The accident scene and the investigation are under the authority of the Transportation Safety Board of Canada. The Transportation Safety Board will assume further follow-up and communication on this accident. All inquiries related to the investigation should be directed to the Transportation Safety Board.