FDI.L Regulatory News (FDI)

Firestone Diamonds plc

Exercise of Options

LONDON: 8 March, 2011

Firestone Diamonds plc, ("Firestone"), the AIM-quoted diamond mining and exploration company (ticker: AIM:FDI),announces that pursuant to the acquisition of Kopane Diamond Developments ("Kopane") in September 2010 an additional 2,359,275 ordinary shares of 20 pence each in Firestone have been issued to former employees of Kopane in accordance with the terms of the Kopane Share Option Scheme. These shares will rank pari passu with the Company's existing ordinary shares.

Application has been made for these shares to be admitted to AIM and dealings are expected to commence on AIM on 11 March 2011.

Following admission of these shares to AIM the total issued share capital of the Company will be 323,149,136 ordinary shares.

Further enquiries

For further information, visit the Company's web site at www.firestonediamonds.com or contact: