Diamondex Resources Ltd has reported a settlement of the Action brought in the Supreme Court of British Columbia by Canada Nickel Corp. against Diamondex, its wholly owned subsidiary, Nickel Bay Resources Inc. and Randy C Turner, President and CEO of Diamondex. The Counterclaim against Canada Nickel by Diamondex and Nickel Bay has also been settled. Canada Nickel has agreed with Diamondex and Nickel Bay to sell all of its right, title and interest in the 740 mineral claims comprising the James Bay Lowlands project near Ogoki, Ontario.