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Karelian Diamond Res. PLC (KDR)

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Monday 19 October, 2009

Karelian Diamond Res. PLC

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: +
Simon Clements/Jeffrey Coburn/Virginia Bull, Merchant John               Tel: +
East Securities Limited                                         44-20-7628-2200
Ron Marshman/Michael Padley, Lothbury Financial                          Tel: +
Don Hall, Hall Communications                                            Tel: +