Kimberlite intersected in five further pits in ...

10 June 2015

             KIMBERLITE INTERSECTED IN FIVE FURTHER PITS IN KUHMO              

  * Kimberlite Extends For At Least  250 Metres And Shown To Be A Dyke
  * The Kimberlite  - Remains Open In Both Directions Along Strike
  * Widths of Kimberlite Of Up To 2 Metres Intersected
  * Further Diamond Exploration Targets Identified In the Immediate Area

_____________________________________________________________________________

Karelian Diamond Resources plc ("Karelian") (AIM: KDR, ESM: KDRI), the diamond
exploration company focused on Finland, is pleased to announce that five
further pits along strike from its original discovery of kimberlite in the
Kuhmo area have all intersected kimberlite.

The pitting shows that the kimberlite extends for at least 250 metres and is a
dyke which remains open in both directions along strike with widths of up to 2
metres intersected.

Kimberlite samples were collected from each pit and the Company is continuing
its evaluation of the extent and diamondiferous potential of the kimberlite.

Further infill till sampling for kimberlitic indicator minerals generated high
concentrations of kimberlitic indicators and, together with an extensive
detailed ground magnetic survey in the area, conducted by the Company, has
identified new diamond exploration targets within the immediate area.

The results of the till sampling and the ground magnetic surveys indicate that
there may be more than one kimberlite source present.

This release has been approved by Kevin McNulty PGeo, who is a member of the
Company'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 by
the London Stock Exchange in respect of AIM Companies, which outlines standards
of disclosure for mineral projects.

Professor Richard Conroy, Chairman commented:

"The discovery of additional kimberlite showing an extensive strike length is
exciting news and a further positive step in the Company's exploration
programme. There are, indeed, numerous occurrences of diamondiferous kimberlite
dykes around the world including a number of very profitable mines, both
historic and currently operating."

Further Information:

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

http://www.kareliandiamondresources.com/