NEWS RELEASE
Cons Global Closes $2-Million Private Placement
Vancouver, April 8, 2008 - Consolidated Global Diamond Corp. (TSX-Venture: CK, Frankfurt: C3Y) (the "Company") has closed the non-brokered private placement previously announced in Stockwatch on March 4, 2008, through the issuance of 10 million units at a price of 20 cents per unit for gross proceeds of $2-million. Each unit consists of one common share and one share purchase warrant having a two-year term for the purchase of one further common share of the company at the exercise price of 30 cents per share. All of the securities issued under the private placement are subject to a four-month hold period expiring Aug. 22, 2008.
On behalf of the Board of Directors.
Simon Tam"
Simon Tam
Director
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN.
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