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Big Red Diamond Corporation: Big Red Diamond Corporation: Appoints New Chief Executive Officer

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^{Published in Business and Finance on Friday, February 27th 2009 at 9:24 GMT, Last Modified on 2009-02-27 09:25:13 by Market Wire}  

MONTREAL, QUEBEC--(Marketwire - Feb. 27, 2009) - Big Red Diamond Corporation ("BRDC")(TSX VENTURE:DIA) is pleased to announce that the Company has appointed Jean-Francois Perrault as the new Chief Executive Officer. Mr. Perrault is currently serving as director for Big Red Diamond Corporation since April 18th, 2007.

Jean-Francois Perrault, graduated from McGill University in 1984 (Bachelor of Economics) and from Concordia University in 1989 (M.B.A.). He counts over 20 years of experience in the merchant banking and investment banking industries. Prior to joining Union Securities Ltd as Vice-President, Corporate Finance in 2004, Mr. Perrault founded Pavilion Capital Partners in October 2002, a group providing consultancy and financial advisory services to institutional investors on alternative assets where he acted and continues to act as the Managing Partner. Prior to that, Mr. Perrault was Vice-President and Director of TD Capital for approximately five years (1998-2002) where he was involved in completing small to mid-market investments - he also helped launch TD Capital private Equity Partners, Canada's first international private equity Fund of Funds (approximately 350,000,000$US). Prior to joining TD Capital, Mr. Perrault was a Senior Vice-President, Corporate Finance with Marleau, Lemire Securities from 1995-1998. Prior to 1995, he held various senior positions with the Fonds de Solidarite FTQ (a labor sponsored venture fund), KPMG and Canadian Corporate Funding Limited (CCFL) - a private equity group.

On behalf of the Board of Directors of Big Red Diamond Corporation.

Shares issued and outstanding : 55,505,170

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.