Botswana Diam Regulatory News (BOD)

18th March 2020

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

Bulk sampling to commence on Marsfontein

Botswana Diamonds ("BOD"), the AIM and BSE listed diamond explorer, is pleased to provide an update on its Marsfontein project.

The Company announced on 24th February 2020 that kimberlite, identified by visual inspection, was intersected at shallow depth in two out of the three holes (30 to 33m and 36 to 39m) on Marsfontein. This kimberlite is believed to be associated with the high grade Marsfontein M1 kimberlite pipe and has been identified as 'high-interest'. In response a bulk sampling campaign has commenced on site of the remnant kimberlite of the same type encountered in the drill samples. Treatment will be undertaken by Vutomi's mining contractor at a nearby diamond processing facility using two stage crushing, screening, pans, x-ray and grease recovery processes.

A National Disaster in respect of Corona virus has been declared in South Africa. This will impact the scheduling of this project in the coming weeks.

This release has been approved by James Campbell, Managing Director of Botswana Diamonds plc, a qualified geologist (Pr.Sci.Nat), a Fellow of the Southern African Institute of Mining and Metallurgy, a Fellow of the Institute of Materials, Metals and Mining (UK) and with over 34-years' experience in the diamond sector. 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014. The person who arranged for the release of this announcement on behalf of the Company was James Campbell, Director

A copy of this announcement is available on the Company's website, at www.botswanadiamonds.co.uk

ENDS

Enquiries:

www.botswanadiamonds.co.uk