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Karelian Diamond Res. PLC (KDR)

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Monday 07 December, 2009

Karelian Diamond Res. PLC

Result of AGM

7 December 2009                                                              

                        Karelian Diamond Resources Plc                         

                           ("KDR" or the "Company")                            

                       Result of annual general meeting                        

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

The Company also announces that shares in Karelian Diamond Resources (AIM: KDR)
commenced trading today on the Irish Enterprise Exchange (IEX), the Irish Stock
Exchange's specialist market for smaller growth companies (IEX: KDR.I).

Deirdre Somers, Chief Executive of the Irish Stock Exchange, said:

"We are delighted to welcome Karelian Diamond Resources plc to IEX. It is
encouraging to see Irish companies seeking opportunities to grow their
businesses in these challenging economic times. The euro trading facility
available from the Irish Stock Exchange will provide an opportunity for these
companies to attract more euro based investors."

Chairman, Professor Richard Conroy said:

"Admission to IEX is a positive step for the Company. The addition of a euro
quotation on IEX will facilitate trading in the shares from both Irish and
international investors who choose to trade in euro. We expect to expand our
investor base as a result of this move to IEX."

Further enquiries:

Karelian Diamond Resources Plc                                               
Professor Richard Conroy                               Tel: 00 353 1 661 8958
Merchant John East Securities Limited (Nominated Adviser)                    
Simon Clements / Virginia Bull                        Tel: 00 44 20 7628 2200
City Capital Corporation Limited (Broker)                                    
Charles Dampney                                       Tel: 00 44 20 3178 3399
IBI Corporate Finance Limited (IEX Adviser)                                  
John Tuite                                             Tel: 00 353 1 637 7800
Lothbury Financial Limited                                                   
Ron Marshman / Michael Padley                         Tel: 00 44 20 7011 9411