Change of Adviser

17 March 2015

                          Karelian Diamond Resources plc
                          ("Karelian" or "the Company")

                             Appointment of Broker                             

Karelian Diamond Resources plc (AIM: KDR; ESM: KDR.I), announces it has
appointed Beaufort Securities Limited as its sole broker with immediate effect.


Further Information:

Professor Richard Conroy, Chairman                         Tel: [phone]
Karelian Diamond Resources plc                                                                  
                                                                               
Virginia Bull/Simon Clements                               Tel: [phone]
Sanlam Securities UK Limited (Nomad)                                       
                                                                               
Elliot Hance Beaufort Securities Limited (Broker)          Tel: [phone]    
                                                                               
Ger Heffernan/IBI Corporate Finance Limited (ESM Adviser)  Tel: [phone]
                                                                               
Michael Padley/ Lothbury Financial Services                Tel: [phone]    
                                                                               
Don Hall/ Hall Communications                              Tel: [phone]


Visit the website at: www.kareliandiamondresources.com