Result of AGM

6 December 2010                                                                

                        Karelian Diamond Resources Plc                         

                                (the "Company")                                

                                 Result of AGM                                 

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

Further Information:

Professor Richard Conroy, Chairman, Karelian Diamond       Tel: [phone]
Resources plc                                                                  
                                                                               
Simon Clements/Virginia Bull, Merchant Securities Limited  Tel:                
(Nomad)                                                    [phone]    
                                                                               
John Tuite, IBI Corporate Finance Limited (ESM Adviser)    Tel: [phone]
                                                                               
John Grant/ Karen Kelly/ David Lawman, XCAP Securities PLC Tel: [phone]    
(Broker)                                                   7070                
                                                                               
Michael Padley/Michael Spriggs, Lothbury Financial         Tel:                
Services                                                   [phone]    
                                                                               
Don Hall, Hall Communications                              Tel: [phone]

http://www.kareliandiamondresources.com