Dear Grizzly Diamonds Shareholders, In our ongoing efforts to provide broader communications and market information, we are pleased to provide you with Industry Sector Bulletins discussing current market opinions and/or conditions that affect the price, supply, and demand for Diamonds. The following research report describes the price performance of polished diamond. In summary, polished diamond prices rose in March and on an annual basis. According to the report, the rise in prices is a good indicator that demand is strong, while inventories on the supply side for diamonds may be declining.
With declining inventories, the emphasis on finding new supplies for diamonds becomes even more essential. Enter Grizzly Diamonds Ltd., an exploration company focused on finding diamonds in Alberta. Recently, the Company has commenced a fixed wing airborne magnetic survey on its Buffalo Head Hill properties in search of diamonds. Click here to read this press release. For Further Information about Grizzly Diamonds Ltd. please feel free to click the following link to visit the Company's Investor Relations Hub. GRIZZLY IR HUB Regards, AGORACOM Investor Relations

Global polished diamond prices rose solidly in March, 2007, both on a month-over-month basis and on a year-over-year basis, according to the IDEX Online's Polished Diamond Price Index. Prices for polished diamonds increased at an accelerating rate in March, with a surge in prices occurring late in the month. This indicates that demand is strong and pipeline inventories may be declining modestly. March vs February +0.2 percent For the month of March 2007, average global polished diamond prices rose 0.2 percent over average polished diamond prices for the month of February 2007. The IDEX Online Polished Diamond Price Index, calculated on the daily averages for the month, rose to 111.01 from the prior month's average of 110.78. On a daily basis, polished diamond prices opened the month at 110.91 and closed the month at 111.87, after peaking briefly at 112.08. Thus, the IDEX Online Polished Diamond Price Index surged by nearly 0.9 percent between the beginning of the month and the end of the month. On an annualized basis, average polished diamond prices were up 2.5 percent during the month. Click here to view entire report