Genetic diversity and conservation potential of six indigenous cattle breeds of north Ethiopia was analysed based on 20 microsatellite markers using core set methods. Expected future diversity (assuming assigned extinction probabilities are valid for the next 20-50 years) were 0.988+/-0.011 and 0.980+/-0.010 with expected loss of diversity estimated at 0.02% and 0.74% of current level for the Maximum Variance Total (MVT) and Maximum Variance Offspring (MVO) core sets, respectively. Even though all breeds have contributed to current diversity levels, the Afar and Abergelle breeds only contributed 51% and 62% to the MVT and MVO core sets, respectively, while the Raya breed contributed only 6% and 1.5% to the MVT and MVO core set diversities, respectively. Moreover, prioritizing the six north Ethiopian cattle breeds using the conservation potential obtained from the MVT core set method seems reasonable considering the origin and migration histories of the breeds. Our results suggest that the total current genetic diversity of these breeds can be sufficiently maintained by designing a conservation strategy based on conservation potential of each breed from the MVT core set so that priority is given to lowering the extinction probabilities of breeds with high conservation potential to zero.