NOMAD - change of name

19 October 2009

                        Karelian Diamond Resources plc                         

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

                             NOMAD Change of Name                              

The Company announces that its nominated adviser and broker, John East &
Partners Limited has changed its name to Merchant John East Securities Limited
with immediate effect, as part of a group reorganisation which is scheduled to
complete on 1 November 2009.

Further Information:

Professor Richard Conroy, Chairman Karelian Diamond                      Tel: +
Resources plc                                                    353-1-661-8958
                                                                               
Charles Dampney, City Capital Corporation Limited                        Tel: +
                                                                44-20-3178-3399
                                                                               
Simon Clements/Jeffrey Coburn/Virginia Bull, Merchant John               Tel: +
East Securities Limited                                         44-20-7628-2200
                                                                               
Ron Marshman/Michael Padley, Lothbury Financial                          Tel: +
                                                                44-20-7011-9411
                                                                               
Don Hall, Hall Communications                                            Tel: +
                                                                 353-1-660-9377

http://www.kareliandiamondresources.com