Result of AGM

17 December 2007

                        Karelian Diamond Resources plc                         

                                ("the Company")                                

                                 Result of AGM                                 

The Company announces that, at its annual general meeting held earlier today,
all resolutions were duly passed.

Further Info:

Professor Richard Conroy, Chairman Karelian Diamond    Tel: [phone]
Resources plc                                                                
                                                                             
Charles Dampney, City Capital Corporation Limited          Tel: [phone]
                                                                             
Jeffrey Coburn/Simon Fox, John East & Partners             Tel: [phone]
Limited                                                                      
                                                                             
Ron Marshman/John Greenhalgh, City of London PR            Tel: [phone]
Limited                                                                      

Karelian Share Price