Issue of Warrants

Sunrise Diamonds PLC
01 November 2007


Sunrise Diamonds plc
1 November 2007

At a Board meeting of Sunrise Diamonds plc held on 31st October 2007, the Board
resolved to issue 1,300,000 warrants to employees and directors of the Company.
The issue included the following Directors:

P.Cheetham : 500,000
F.Johnstone: 250,000
N.Herbert :  250,000

Each warrant is convertible to one new ordinary share at the price of 2 pence
per share (the closing mid market price on 31 October 2007) at any time within 5
years from 31 October 2008.

As a result of this issue of warrants the total number of warrants currently
held by each Director is as follows:

P. Cheetham :  1,500,000
F. Johnstone : 1,000,000
N. Herbert :   1,000,000



Further Information:

Patrick Cheetham, Sunrise Diamonds plc. Tel: [phone]. Mobile: +44 (0)
7767-458751
Brett Miller, Ruegg & Co Limited Tel: [phone]



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