Karelian Regulatory News (KDR)

19 September 2013 Applications For Diamond Exploration Claims Follow Good Results At Riihivaara Target * Diamondiferous Kimberlite Indicator Minerals Found In Area * Exploration Claims Lodged At Riihivaara And At Further Sites __________________________________________________________________________________ Karelian Diamond Resources plc ("Karelian") (AIM:KDR, ESM: KDR.I) is pleased toannounce that, following its review of exploration results at its Riihivaaradiamond exploration target, it has submitted applications for explorationclaims within its Riihivaara claim reservation area near Kuhmo in EasternFinland. A till sampling programme at Riihivaara resulted in the discovery of G9 and G10diamondiferous indicator minerals - so called because they are formed withinthe ultramafic rocks underlying the earth's crust at the same temperatures andpressures as diamonds. G3 and G4 garnets were also found, suggesting thepresence of eclogitic mantle material which is significant as it tends to beassociated with higher grade diamonds. The Riihivaara claim reservation lies approximately 10km southeast of theCompany's Seitaperä kimberlite target, which at 6.9 hectares, is the largestkimberlite pipe to be discovered in Finland. A claim reservation givesexclusive rights to apply for exploration claims within the reservation area. Following a review and integration of exploration data made available toKarelian under its agreement with Rio Tinto Mining and Exploration, Karelianhas also applied for additional diamond exploration licences elsewhere inFinland. This release has been approved by Kevin McNulty PGeo, who is a member of theCompany's technical staff, who holds a BSc/MSc in Geology and Remote Sensing,in accordance with the guidance note for Mining, Oil & Gas Companies issued bythe London Stock Exchange in respect of AIM Companies, which outlines standardsof disclosure for mineral projects. Professor Richard Conroy, Chairman commented: "I am delighted at thesefurther important stepsin our diamond explorationprogrammein Finlandwhich aredesigned to find diamond deposits similar to theworld class diamond deposits foundin similar geologyacross the border inRussia." Further Information: Professor Richard Conroy, Chairman, Karelian Tel: +353-1-661-8958Diamond Resources plc Simon Clements/Virginia Bull, Sanlam Securities UK Tel: +44-20-7628-2200Limited (Nomad) Brian Farrell, IBI Corporate Finance Limited (ESM Tel: +353-7662-34800Adviser) Jon Belliss, XCAP Securities PLC (Broker) Tel: +44-20-7101-7070 Michael Padley/Michael Spriggs, Lothbury Financial Tel: +44-20-3440-7620Services Limited Don Hall, Hall Communications Tel: +353-1-660-9377

http://www.kareliandiamondresources.com