Karelian Regulatory News (KDR)

30 Apr 2012 07:00

30 April 2012

FURTHER MICRO-DIAMONDS REPORTED FROM SEITAPER„

* Three micro-diamonds recovered from Seitaper¤ Kimberlite samples * New zones of diamondiferous potential confirmed * Further investigation planned

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Karelian Diamond Resources plc (AIM:KDR) is pleased to announce that three microdiamonds have been recovered from material extracted during its drilling programme at Seitaper¤. The results identify new diamondiferous zones in the diamondiferous Seitaper¤ kimberlite pipe located in the Kuhmo region of Eastern Finland.

The micro-diamonds observed were white in colour, transparent and octahedral. Two of the micro-diamonds including the largest stone were greater than 60 per cent broken indicating the possibility of larger stone sizes.

The material analysed consisted of 270 kg of drill core taken from several bore holes of which 155.7 kg was taken from material drilled in 2011. The drilled material from 2011 contained all the micro-diamond results recorded and was from brown mica rich kimberlite.

The results indicate that new zones of the Seitaper¤ pipe are diamondiferous. The Company intends to investigate the zones where the micro-diamonds originated and the mantle xenolith zones identified in the 2011 drilling.

Professor Richard Conroy, Chairman commented:

"I am delighted with the discovery of newdiamondiferouszones and further microdiamondsat Seitaper¤. These results are a major step forward in the economic assessment ofSeitaper¤and in our diamond exploration programme in Finland."

Further Information:

Professor Richard Conroy, Chairman, Karelian Tel: +353-1-661-8958 Diamond Resources plc

Simon Clements/Virginia Bull, Merchant Securities Tel: +44-20-7628-2200 Limited (Nomad)

Brian Farrell, IBI Corporate Finance Limited (ESM Tel: +353-7662-34800 Adviser)

Karen Kelly/David Lawman , XCAP Securities PLC Tel: +44-20-7101-7070 (Broker)

Michael Padley/Michael Spriggs, Lothbury Financial Tel: +44-20-7868-2010 Services Limited

Don Hall, Hall Communications Tel: +353-1-660-9377

http://www.kareliandiamondresources.com