Director/PDMR Dealing

Karelian Diamond Resources plc

(“Karelian Diamonds” or “the Company”)

17 July 2019

Director / PDMR Dealing

Karelian Diamonds (AIM:KDR) was informed on 16 and 17 July 2019 that, on 15 and 16 July 2019, Professor Richard Conroy, the Chairman of the Company, purchased a total of 750,000 ordinary shares of €0.00025 each (“Ordinary Shares”) in the Company at an average price of 3.69 pence per Ordinary Share.  Professor Conroy now holds 4,906,311 Ordinary Shares, equivalent to 13.26% 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

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Professor Richard Conroy
2	Reason for the notification
a)	Position/status	Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Karelian Diamond Resources plc
b)	LEI	63540092EZYLYI8LGX48
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of €0.00025  IE00BD09HK61
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 3.50p 3.70p 3.86p 250,000 250,000 250,000
d)	Aggregated information - Aggregated volume - Price	750,000 3.69p
e)	Date of the transaction	15 July 2019 / 16 July 2019
f)	Place of the transaction	AIM - London Stock Exchange