Drilling Report

Positive Micro-Diamond Results Received from DO-18 Kimberlite Pipe, WO Diamond Project, NWT, Canada Bulk Sample of DO-18 Planned for Summer 2006 Shares issued and outstanding: 128,343,101 TSX: SDM AIM: SRE TORONTOand LONDON, UK, March 30 /CNW/ - SouthernEra Diamonds Inc. (TSX: SDM; AIM: SRE) is pleased to announce that it has received from Peregrine Diamonds Ltd, operating partner of the WO Project Joint Venture, the results of caustic fusion analysis of micro-diamond samples by the Saskatchewan Research Council ("SRC") from 6 core holes drilled into the plus 3.5 hectare DO-18 kimberlite pipe, WO Diamond Project, NWT, Canada. The results, together with the close proximity of DO-18 to the DO-27 kimberlite pipe, are sufficiently encouraging to allow for the collection of a mini-bulk sample at DO-18 this summer to gain a better understanding of the grade and diamond quality of this kimberlite. More information regarding the DO-18 sampling program will be released when the plans and permits are finalized. The DO-18 kimberlite is located approximately 700 meters north of the plus nine hectare DO-27 kimberlite, which is currently undergoing a large bulk sampling program. Drilling and detailed core logging by Peregrine suggests that the DO-18 kimberlite is composed of 4 main kimberlite phases, all of which are distinct from those in DO-27. KIMB-1 is volumetrically the most significant kimberlite unit in DO-18, comprising approximately 70% of the pipe infill and located primarily in the northern and central part of the pipe. This rock is classified as volcaniclastic kimberlite, possibly pyroclastic in origin. KIMB-2 is volumetrically the second most significant kimberlite unit in DO-18, comprising approximately 20% of the pipe infill and observed primarily in the southern part of the pipe. This unit is very similar to KIMB-1, but contains significantly more mud in the matrix, giving the kimberlite a brown colour. It is classified as a volcaniclastic kimberlite, and both pyroclastic and re-sedimentation process likely were important in the deposition of this unit. KIMB-3 is a volumetrically minor unit, comprising approximately 5% of the pipe, and is observed as layers within the KIMB-1 unit in the northern part of the pipe. It is mud-rich and is likely a re-sedimented kimberlite. The fourth unit, termed OTHER-KIMB, is also volumetrically minor, comprising approximately 5% of the pipe. It is present at the top of several drill holes in the northern part of the pipe. This unit is complex and is classified as volcaniclastic kimberlite which may be re-sedimented. Material from the six core holes have been combined by geological unit to give a better understanding of the micro-diamond distribution within each geological unit and the results are as follows: -------------------------------------------- --------------------------- UNIT KIMB-1 KIMB-2 -------------------------------------------- --------------------------- Lower Sieve Total Stones Total Carats Total Stones Total Carats -------------------------------------------- --------------------------- +4.75 mm 0 0 0 0 -------------------------------------------- --------------------------- +3.35 mm 0 0 0 0 -------------------------------------------- --------------------------- +2.36 mm 0 0 0 0 -------------------------------------------- --------------------------- +1.70 mm 1 0.052775 0 0 -------------------------------------------- --------------------------- +1.18 mm 0 0 0 0 -------------------------------------------- --------------------------- +0.85 mm 1 0.00694 3 0.042405 -------------------------------------------- --------------------------- +0.60 mm 18 0.06404 9 0.03742 -------------------------------------------- --------------------------- +0.425 mm 39 0.05489 7 0.012305 -------------------------------------------- --------------------------- +0.300 mm 64 0.02951 26 0.012865 -------------------------------------------- --------------------------- +0.212 mm 168 0.031365 55 0.00994 -------------------------------------------- --------------------------- +0.150 mm 337 0.022185 106 0.007015 -------------------------------------------- --------------------------- +0.106 mm 547 0.01406 203 0.005185 -------------------------------------------- --------------------------- +0.075 mm 885 0.009215 307 0.00319 -------------------------------------------- --------------------------- Total 2060 0.28498 716 0.130325 -------------------------------------------- --------------------------- Sample Weight (kg) 703.30 240.75 -------------------------------------------- --------------------------- Stones per kg 2.93 2.97 -------------------------------------------- --------------------------- -------------------------------------------- --------------------------- UNIT KIMB-3 OTHER KIMB ------------------------------------------- --------------------------- Lower Sieve Total Stones Total Carats Total Stones Total Carats -------------------------------------------- --------------------------- +4.75 mm 0 0 0 0 -------------------------------------------- --------------------------- +3.35 mm 0 0 0 0 -------------------------------------------- --------------------------- +2.36 mm 0 0 0 0 -------------------------------------------- --------------------------- +1.70 mm 0 0 0 0 -------------------------------------------- --------------------------- +1.18 mm 0 0 0 0 -------------------------------------------- --------------------------- +0.85 mm 0 0 0 0 -------------------------------------------- --------------------------- +0.60 mm 1 0.00488 0 0 -------------------------------------------- --------------------------- +0.425 mm 2 0.003975 1 0.000785 -------------------------------------------- --------------------------- +0.300 mm 3 0.001555 13 0.00625 -------------------------------------------- --------------------------- +0.212 mm 11 0.001805 17 0.00306 -------------------------------------------- --------------------------- +0.150 mm 20 0.00149 25 0.001675 -------------------------------------------- --------------------------- +0.106 mm 24 0.00062 34 0.000905 -------------------------------------------- --------------------------- +0.075 mm 43 0.000395 60 0.000765 -------------------------------------------- --------------------------- Total 104 0.01472 150 0.01344 -------------------------------------------- --------------------------- Sample Weight (kg) 48.00 55.30 -------------------------------------------- --------------------------- Stones per kg 2.17 2.71 -------------------------------------------- --------------------------- The presence of significant quantities of micro-diamonds at DO-18 together with DO-18's proximity to DO-27, and the potential for the discovery of additional kimberlite bodies between DO-27 and DO-18, continues to enhance the potential of the WO Diamond Project. The project partners look forward to the results of bulk samples from both the DO-27 and DO-18 pipes. Peregrine's diamond exploration programs are conducted under the direction of Dr. Jennifer Pell, Vice President Exploration, P. Geo., (BC), P.Geo. (NT/NU), a qualified person under NI 43-101. SouthernEra holds a 4.9% interest in the WO Diamond Project. SouthernEra Diamonds is one of Canada's largest fully integrated diamond companies with extensive diamond exploration in five countries including Canada, Gabon, the DRC, Zimbabwe and South Africa. This represents one of the most active global diamond exploration programs after the majors DeBeers, BHPB and RioTinto. The Company also operates the Klipspringer Diamond Mine in South Africa and maintains an 18 percent free-carried interest in the Camafuca Diamond Project in Angola. Some statements contained in this news release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include comments regarding exploration work. Actual results could differ materially from those anticipated. The Company disclaims any obligation to update forward-looking statements. For further information: SouthernEra Diamonds Inc., Howard Bird, Senior Vice President Exploration, or Sharon Allan, Investor Relations, Telephone: (416) 359-9282, Fax: (416) 359-9141, E-mail: inbox(at)southernera.com, www.southernera.com; London: 4C-Burvale, Carina Corbett, Director, Telephone: ++44 (0) 207-907-4761, Fax: ++44 (0) 207-907-4769, Email: Corbett(at)4c-burvale.co.uk (SRE)

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