CCM Research Issues Update Report on Consolidated Global Diamond Corp.

CCM Research analyst, Kipley J. Lytel, CFA, has written an update report on
Consolidated Global Diamond Corp.

Consolidated Global Diamond Corp. (TSX VENTURE:CK) is a Canadian based junior
mineral company focused on providing sustainable growth and value to its
shareholders through the strategic acquisition, exploration and development of
diamond properties into productive mines. The Company is committed to successful
and sustainable growth through responsible environmental, social, financial,
political and operational management of its shareholders' assets.

In the report the analyst states, "the fact that it (CK) owns a large acreage
close to Diavik and Ekati - Canada's most prominent diamond mines - and Snap
Lake and Gahcho Kue deposits, suggests that the Company has an opportunity for
success given financial resources remain intact."

The analyst continues, "Indeed, the preliminary exploration showed that Global
Diamond's properties exhibit the same geological traits as the Ekati and Diavik
mines."

Regarding drilling, the analyst notes: "The Company recently announced a drill
program slated for this spring, aimed to be initialized in the coming months on
CK's Courageous Lake property, a 385,000-acre site located within the Slave Lake
geological province. This mining camp makes Canada the fourth largest
diamond-producing country in the world."

A free copy of the report can be found at:
http://www.baystreet.ca/articles/research_reports/ccm_research/CK_Update%20Report_April12008.pdf

CCM Research is a division of Cronus Capital Markets, Inc. Cronus Capital
Markets, Inc., through its CCM Corporate Advisory division, entered into a one
year $30,000.00 contract with the Company to assist it with the creation and
execution of information-based strategies to overcome market inefficiencies that
are commonplace for the vast majority of public companies, including: share
illiquidity, lack of credibility, and stagnant market capitalizations.

Cronus Capital Markets(R) (CCM) is a leading capital market services firm
providing services to investors, institutions, exchanges, and public companies.
CCM's equity research, indexes, and ETFs receive international attention and
represent important new sectors of growth.

CRONUS CAPITAL MARKETS, INC. IS THE SOLE SOURCE OF THIS PRESS RELEASE.

Consolidated Global Diamond Corp Com Npv (TSXV:CK)
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