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Golden Prospect PLC (AMBR)

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Thursday 10 June, 2004

Golden Prospect PLC

Discovery of diamonds

Golden Prospect PLC
10 June 2004



   • 5 diamonds weighing 0.841 carats from a 250kg sample in new diamond area

   • Diamond inclusion chrome spinels and kimberlitic ilmenites recovered

   • Potential new diamondiferous kimberlite cluster in Sierra Leone targeted

Golden Prospect plc ('Golden Prospect' or the 'Company') announces that Mano
River Resources Inc. ('Mano'), its joint venture partner and manager, has
discovered diamonds and indicator minerals from within the Golden Prospect/Mano
River Resources Sonfon joint venture licence package in Sierra Leone, West

The Company's Chairman, Malcolm Burne re-iterated the comments of Mano's
President and CEO, Tom Elder: 'We are excited about the discovery of both
diamonds and indicator minerals in the Sonfon licences. Reconnaissance work has
confirmed the presence of commercial sized diamonds and with the recovery of
kimberlite indicator minerals, the Company is perhaps on track to discover a new
diamond-bearing kimberlite cluster in Sierra Leone.'

The Sonfon licences are also currently the subject of a non-diamond Joint
Venture with Golden Star Resources Ltd, which focuses on a 3km long by 300m wide
gold in soil anomaly defined by Mano and from which initial trenching by Mano
has returned a best intersect of [email protected]/t

Programme results

The Sonfon licences are located in the centre of Sierra Leone and as such are at
the heart of the West African Craton. The Company was aware of historic reports
from local gold miners of the recovery of diamonds in their pans. An initial
single stream sample, weighing approximately 250kg, was collected and processed
for kimberlite indicator minerals. Although the area is heavily weathered and no
indicators were recovered from the sample, it yielded five macrodiamonds that
weighed a total of 0.841 carats. All of the diamonds were recovered in the
coarse size fraction, with two being over 4mm in size.

The diamonds were individually weighed, measured and described by John Gurney's
Laboratory, Mineral Services, in Cape Town (Table 1). One diamond is classified
as a clear white octahedral gemstone weighing 0.315-carats. Two other diamonds
are also classified as white stones and a further two diamonds are described as
brown in colour. The brown stones are characterized by internal cleavages and
inclusions, which implies that they might not have been subjected to significant
transport. On the basis of these results it was decided to undertake
reconnaissance stream sampling throughout the two Sonfon licences.

Some 58 stream samples were collected and processed for kimberlite indicator
minerals. Three samples yielded kimberlitic chrome spinels and a further three
yielded kimberlitic ilmenite. The spinels were submitted for microprobe
analysis, the results of which indicate that they have compositions that plot
within the World Diamond Inclusion Field (as defined by Fipke et. al. 1995). The
recovery of these indicator minerals suggests that kimberlites may be present
within the licences and, furthermore, the chemistry of the chrome spinels,
coupled with the proximity of the five macrodiamonds, implies that any
kimberlites are likely to be diamond-bearing.

The joint venture has undertaken follow-up stream and loam sampling over the two
anomalous areas and these samples have been dispatched to South Africa for
analysis. It is hoped that the results will isolate the source areas, over which
ground geophysics can be focused in the dry season, to identify possible drill

Mano's Qualified Person responsible for supervising the exploration programme is
Karl Smithson, who holds a B.Sc. (Hons) Degree in Geology from Kingston
University in the UK and is a Fellow of the Institution of Materials, Minerals
and Mining.

Kimberley process

Since the implementation of the Kimberley Process Certification scheme, Sierra
Leone has seen its diamond exports for the year 2003 rise to 500,000 carats with
a value of $76million. With the continuing formalization of the diamond mining
industry, and increasing investment in diamond exploration in Sierra Leone, the
diamond production and export volumes are forecast to continue upwards and may
exceed $100million in value for 2004.

On behalf of the Board of Golden Prospect plc


Table 1 - Diamond Descriptions
Sample     Screen    Weight     Form   Morphology        Colour    Intensity   Clarity   X      Y
number     size      (Cts)                                                               (mm)   (mm)

SOF-1      1000      0.315      B      Octahedron        White     0           0         4.15   3.15
SOF-1      1000      0.076      B      Octahedron        White     0           2         2.60   2.40
SOF-1      1000      0.120      B      Dodecahedron      White     0           3         2.85   2.45
SOF-1      1000      0.259      B      Octahedron        Brown     1           3         4.00   3.70
SOF-1      1000      0.072      B      Octahedron        Brown     1           4         3.15   2.50

A         Equidimensional stone that is equally developed along all 3 crystallographic
          axes and  approaching a perfect shape.
B         Single crystals that are not equally developed along all 3 crystal axes and
          that may be distorted. Also includes macles and aggregates. Note: Even very
          slightly distorted crystals classify as B.
C         Stones that are flat, represent a chip, or are very thin macles.

Colour Intensity:
0         White stones are automatically set to zero
1         Colour is visible as a faint hue
2         The hue is easily visible
3         The colour is strong
4          The colour is so strong that it makes the stone opaque

0         No inclusions or cleavages and stone is perfectly clear
1         <1% - trace cleavages and/or inclusions present
2         1-5% - minor cleavages and/or inclusions present.
3         5-20% - moderate cleavages and/or inclusions present
4         20-70% - extensive cleavages and/or inclusions present.
5         The stone is opaque due to cleavages and/or inclusions

                      This information is provided by RNS
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