Diamond Fields and Expands Sea Mining

Diamond Fields has also advanced its exploration project in Greenland by concluding two optionagreements with Inco Ltd., on the Ammasalik Island nickel properties. Inco recently completed the summer season's drilling program on the properties. In Liberia, further sampling and analytical work followed up on the initial reconnaissance surveys on the Grand Gedeh (gold) and Grand Cape (diamonds/gold) properties. The Grand Gedeh concession in central Liberia has yielded promising gold results from grid soil sampling over the Bar Tea Jam artisanal workings, which measures about 5 km in strike length. The next sampling program will be extended to cover the entire area of artisanal mining, followed by drilling of identified targets. On the Grand Cape property, which has long hosted artisanal miners recovering diamonds, is adjacent to recent kimberlite discoveries on a concession held by another mining company. Results in the Camp Alpha area have shown high levels of kimberlite indicator minerals. Diamond Fields says it is pursuing listing its shares on the London Stock Exchange's Alternative Investment Market (AIM) in order to address its ship acquisition debt obligation and finance its business plan, including the potential acquisition of an additional sea exploration vessel.