Director/PDMR Shareholding

Karelian Diamond Resources plc

(“Karelian Diamonds” or “the Company”)

28 February 2019

Director / PDMR Dealing

Karelian Diamonds (AIM:KDR) was informed on 27 February 2019 that, on 26 February 2019, Professor Richard Conroy, the Chairman of the Company, purchased 50,000 ordinary shares of €0.00025 each (“Ordinary Shares”) in the Company at a price of €0.0295 per Ordinary Share.  Professor Conroy now holds 4,156,311 Ordinary Shares in the Company, equivalent to 12.05% of the ordinary share capital of the Company.

For further information please contact:

Karelian Diamond Resources plc	Tel: [phone]
Professor Richard Conroy, Chairman
Allenby Capital Limited (Nomad)	Tel: [phone]
Nick Athanas/Nick Harriss
Brandon Hill Capital Limited (Broker)	Tel: [phone]
Jonathan Evans
Lothbury Financial Services	Tel: [phone]
Michael Padley
Hall Communications	Tel: [phone]
Don Hall

www.kareliandiamondresources.com