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December 01, 2003

AntOro Invests $500,000 in Big Red Diamond Corporation Exploration Properties

Montreal, December 1, 2003 - AntOro Resources Inc. announces that it has completed its contractual commitments of investing $500,000 in exploration expenses on Big Red Diamond Corporation’s (“BRDC”) exploration properties, the whole in accordance with the agreement entered into in December 2002 between Antoro and BRDC by which Antoro acquired a significant ownership of BDRC with an option to acquire a majority interest after investing $500,000 in property development expenses.

Antoro has acquired 2,816,000 shares of BDRC (representing at that time 36.4% of BDRC’s share capital). Further to Antoro’s funding of $500,000 of Canadian Exploration Expenses, it acquires a 30.1% interest in BDRC’s exploration properties.

BDRC is the 20% partner in a Joint Venture with Kel-Ex Ventures Inc. The JV was formed for diamond exploration in the Attawapiskat Region of Northern Ontario and currently controls over 10,000 square kilometers in the vicinity of De Beers’ large Victor kimberlite pipe. BDRC also owns five (5) other diamond exploration properties in Northern Ontario, in addition to strategic gravel and gypsum deposits.

Kel-Ex has optioned its portion of the JV to Metalex Ventures Ltd. (TSXV: “MTX.T”) and Arctic Star Diamond Corp. (TSXV: “ADD”). Kel-Ex and Metalex are companies directed by Charles Fipke. Mr. Fipke is the geologist responsible for large diamond discoveries in Canada’s Northwest Territories, namely the Ekati diamond mine.

BDRC, in partnership with Kel-Ex, and indirectly with Metalex and Artic Star, is searching for kimberlite deposits, similar to the Victor pipe, within the properties currently held.

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