CMKM Diamonds, Inc. Awarded a $33,675,365 Judgment; Begins Search for a New Chairman

TYLER, Texas--(Business Wire)--
On July 1, 2008 CMKM Diamonds, Inc. was awarded a $33,675,365
judgment in a Nevada District Court against one of the former insiders
of the Company, John Edwards. Mr. Edwards was labeled as one of the
two "masterminds" of the scheme to defraud investors of over $64
million in a lawsuit filed on April 7, 2008 by the Securities and
Exchange Commission.

The Company also announced today that it has begun the process of
searching for a new Chairman. Current CEO and Chairman, Kevin West,
stated, "I am very pleased with the progress being made through the
Company's litigation. It is time to begin the search for someone with
the business experience that is needed to move the Company forward."

Mr. West is currently appointing a seven member, shareholder
based, "Advisory Committee" to help with this process. "Among many
other qualities, the person we are looking for will be someone who can
see the value of having a shareholder base of over 40,000 people from
all over the world," stated Mr. West. A new link has been added to the
Company's website at www.cmkmdiamondsinc.com for the submission of
resumes to be considered for this position. Shareholders are
encouraged to direct qualified prospects to this link.

CMKM Diamonds Inc., Tyler
Kevin West, 903-262-8397

Copyright Business Wire 2008