GRN.L Regulatory News (GRN)

16 May 2006 07:00

Gravity Diamonds Limited16 May 2006 RELEASED ON BEHALF OF: GRAVITY DIAMONDS LIMITED (ASX & AIM : GRN) 16 May 2006 GRAVITY STARTS DRILLING NINE OF ITS BEST TARGETS IN KASAI PROGRAM, DRC Please refer to the attached PDF for the latest DRC project update of GravityDiamonds Limited. http://www.gravitydiamonds.com.au/asx160506grn.pdf The information in this release has been compiled and reviewed by GravityDiamonds Limited's Managing Director, Phillip Harman BSc (Hons), who is a memberof The Australasian Institute of Mining and Metallurgy. Mr Harman has sufficientexperience which is relevant to the style of mineralisation and type of depositunder consideration and to the activity undertaken to be a qualified person forthe purposes of the AIM Guidance Note for the Mining and Oil and Gas Companiesissued on 16 March 2006. Further Information: Phil Harman, Managing Director, Gravity Diamonds Ltd. Tel: +61-3-9909-7655 Elisa Bartlett, Assistant to the Managing Director, Gravity Diamonds Ltd. Tel: +61-3-9909-7655 Ron Marshman/John Greenhalgh, City of London PR Ltd. Tel: 020-7628-5518 This information is provided by RNS The company news service from the London Stock Exchange