Announcement of Director

21 November 2014 Karelian Diamond Resources Plc ("Karelian" or the "Company") Directorate Change Karelian (AIM: KDR, ESM: KDRI), the diamond exploration company focused onFinland, is pleased to announce that it has appointed Dr Sorċa Conroy to theBoard of the Company, as a Non-executive Director, with immediate effect. Dr Conroy is a daughter of the Chairman of Karelian, Professor Richard Conroy.She has a City background and currently sits on the Board of Conroy Gold andNatural Resources plc, a mining company focused on Ireland. Dr. Sorċa Conroy, a medical graduate of The Royal College of Surgeons inIreland, held a number of clinical positions in between her graduation in 1995and joining Hoodless Brennan, a City stockbroker in 2004. She was recruited toING Bank in 2006 and whilst there was ranked second in the Extel Survey forBiotechnology Specialist Sales. She had previously been specialist sales forlife sciences and institutional equities at Canaccord Adams (2005-2006), whereshe ranked fourth in the 2006 Extel survey. Dr Conroy has been a Non-Executive Director of Conroy Gold and NaturalResources since 2010. Professor Conroy, Chairman of Karelian said: "I am delighted that Dr Sorċa Conroy has been appointed to the Board ofKarelian. Following her input into Conroy over a number of years, the Directorsof Karelian suggested that she join the Board. Having independently achievedsuccess and having broad ranging City experience, her knowledge and skills willnow contribute to the development of Karelian as it continues to move towardsit objective of making a major diamond discovery in the Finnish sector of theKarelian Craton, comparable to the world class discoveries made on the Russianside." Under Schedule 2, paragraph (g) of the AIM Rules, the following information isdisclosed: Dr Sorċa Catriona Conroy, aged 45, is currently on the board of Conroy Gold andNatural Resources plc and holds 470,000 shares in the capital of the Company,equivalent to 0.16 per cent. of the voting share capital of the Company Dr Conroy has confirmed there is no additional information under Schedule 2,paragraph (g) of the AIM rules which needs to be disclosed. Further Information: Professor Richard Conroy, Chairman, Karelian Tel: +353-1-661-8958Diamond Resources plc Virginia Bull / Simon Clements, Sanlam Securities Tel: +44-20-7628-2200UK Limited (Nomad) Ger Heffernan, IBI Corporate Finance Limited (ESM Tel: +353-7662-34800Adviser) Jon Belliss / Abigail Wayne, Hume Capital Tel: +44-20-3693-1493Securities Plc (Broker) Michael Padley / Gary Middleton, Lothbury Tel: +44-20-3440-7620Financial Services Limited Don Hall, Hall Communications Tel: +353-1-660-9377

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