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Karelian Diamond Res. PLC (KDR)

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Monday 09 December, 2013

Karelian Diamond Res. PLC

AGM Statement

9 December 2013

                        Karelian Diamond Resources Plc                         

                         ("Karelian" or the "Company")                         

                                 AGM Statement                                 

At today's Annual General Meeting of Karelian (AIM: KDR, ESM: KDRI), the
diamond exploration company focused on Finland, the Chairman, Professor Conroy,
will make the following comments:

"During the last 18 months the Company has made a number of positive
discoveries in Finland that lead us to believe that there is a very strong
possibility of successfully achieving our aim of discovering a major
diamondiferous pipe.

"Recent drilling of further potentially diamond bearing mantle xenolith at
Seitaperä was subsequently confirmed as diamondiferous by the recovery of
microdiamonds. Two of the micro-diamonds were greater than 60 per cent broken,
indicating the possibility of larger stone sizes. At your Company's exploration
target Riihivaara we have discovered G9 and G10 diamondiferous indicator
minerals, whilst the positive results at Kuusamo have led to new claim
applications being made.

"The data made available to Karelian under its agreement with Rio Tinto Mining
and Exploration is continuing to be evaluated and indeed, combined with
airborne geophysics, led to the decision to apply for claim reservations in the
Kuusamo area. The data is proving very useful in both identifying new targets
and in confirming existing analysis.

"Your Company has made significant progress in its diamond exploration
programme in Finland and we will continue to strive to ensure that we maximise
the potential of the area".

Further Information:

Professor Richard Conroy, Chairman, Karelian       Tel: +353-1-661-8958        
Diamond Resources plc                                                          
Simon Clements/Virginia Bull, Sanlam Securities UK Tel: +44-20-7628-2200       
Limited (Nomad)                                                                
Ger Heffernan, IBI Corporate Finance Limited (ESM  Tel: +353-7662-34800        
Jon Belliss/ David Lawman, XCAP Securities PLC     Tel: +44-20-7101-7070       
Michael Padley/Michael Spriggs, Lothbury Financial Tel: +44-20-3440-7620       
Services Limited                                                               
Don Hall, Hall Communications                      Tel: +353-1-660-9377        


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