Notice of AGM

23 November 2012

Karelian Diamond Resources plc

("Karelian" or "the Company")

                       Notice of Annual General Meeting                        

Karelian announces that the Annual General Meeting of the Company is expected
to be held at The Conrad Hotel, Earlsfort Terrace, Dublin 2 at 12.00 noon on 13
December 2012.

Copies of the notice of Annual General Meeting have been posted to shareholders
and are available on the Company's website www.kareliandiamondresources.com.

Further Information:

Professor Richard Conroy, Chairman, Karelian       Tel: [phone]        
Diamond Resources plc                                                          
                                                                               
Simon Clements/Virginia Bull, Merchant Securities  Tel: [phone]       
Limited (Nomad)                                                                
                                                                               
Brian Farrell, IBI Corporate Finance Limited (ESM  Tel: [phone]        
Adviser)                                                                       
                                                                               
Karen Kelly/David Lawman , XCAP Securities PLC     Tel: [phone]       
(Broker)                                                                       
                                                                               
Michael Padley/Michael Spriggs, Lothbury Financial Tel: [phone]       
Services Limited                                                               
                                                                               
Don Hall, Hall Communications                      Tel: [phone]        

http://www.kareliandiamondresources.com