BDI Mining: Result of January Diamond Tender

LONDON - 2 February 2006 - BDI Mining Corp. (AIM-BMG) announces gross proceeds of US$1,483,802 from the sale by tender in Antwerp this week of 6,913.50 carats of gem diamonds from the Cempaka mine in Indonesia.

Tendered for sale were 4,276.66 carats of run-of-mine gem diamonds larger than 2mm, which sold for US$1,173,148, representing US$274 per carat.

Also tendered were 2,636.84 carats of fine diamonds (smaller than 2mm) recovered as a by-product in the gold and platinum recovery circuit, which sold for US$310,654, or US$118 per carat.

BDI Mining Managing Director and CEO, Mr Lee Spencer, said: "We are pleased with the tender result given that the softer diamond market prices experienced in November and December have persisted into January. We're also delighted at the high price received for the sale of the fine diamonds making it a successful fourth tender for BDI."

The tender was conducted in Antwerp under the supervision of BDI Mining's independent consultants, WWW International Diamonds Consultants Limited. BDI Mining's next tender will be held in February 2006.

For further information, please contact:

BDI Mining Corp.
Chuck Forrest, Finance Director	Tel: +44 (0) 20 7621 0200
Website	www.bdiminingcorp.com
Williams de Bro"e
Simon Edwards / Alex Wood	Tel: +44 (0) 20 7588 7511
Parkgreen Communications
Justine Howarth / Ana Ribeiro	Tel: +44 (0) 20 7493 3713

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.

Lindsay Bancroft Parkgreen Communications 1st Floor Ireland House 150 New Bond Street London W1S 2AQ t: +44(0) 20 7493 3713 f: +44 (0) 20 7491 3936 This email and any files transmitted within it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please contact the sender on 020 7493 3713.