AGM Statement

Sunrise Diamonds PLC
26 January 2007

                            www.sunrisediamonds.com


26 January 2007


   SUNRISE DIAMONDS PLANS MAJOR EXPLORATION PROGAMME TO BUILD ON 2006 SUCCESS


   • Company Completes Nordic Claims Review And Moves To Detailed Evaluation


   • Follow-Up Work Planned In Kaavi-Kuoplo Area To Generate Drill Targets


   • Fieldwork Now Complete At 14 Kuusamo Priority Targets And Results
    Awaited


___________________________________________________________________________


Sunrise Diamonds plc ('Sunrise Diamonds' or 'the Company') is pleased to provide
the following update to exploration activities at its Annual General Meeting
today.


Nordic Diamonds Joint Venture


In August 2006, the Company announced an agreement giving it the right to earn a
75% interest in projects held by Nordic Diamonds Inc. ('Nordic') in the
Kuopio-Kaavi district of south central Finland where previous exploration has
identified 16 kimberlites on the Nordic claims.


Sunrise Diamonds has now competed its initial review of the project data and
carried out sampling of archived drill core from six of the known kimberlite
pipes. It has also contracted consultants Minerals Services in Canada to
complete a detailed evaluation of the indicator mineral chemistry of these
priority pipes using its proprietary Mantle MapperTM process. This is a powerful
tool developed by leading kimberlite scientists for quantitative analysis of the
abundance and composition of key indicator minerals in kimberlite. It allows a
reliable evaluation of the diamond potential of the host body. This method has
been applied in numerous projects worldwide and has proved highly successful in
prioritising kimberlites for further costly bulk sampling programmes.


Encouragement for further bulk sampling is provided by earlier Nordic drilling
on two of the previously discovered pipes (Pipes 12 and 21), carried out to
re-evaluate diamond content and kimberlite geology. Nordic drill core samples
from Pipe 21 (reported area approximately 1.3 hectares) returned high
micro-diamond counts of up to 1.84 micro-diamonds/kg of kimberlite. This
supports the results of a 16.6 tonne mini-bulk sample previously taken by Ashton
Mining in 1995, which returned a reported grade of 26.7 carats per hundred
tonnes including a stone of 1.13 carats. Approximately 79% of the micro-diamonds
recovered by Nordic were reported to be white and 91% transparent.


Ongoing Fieldwork


In the current exploration phase initiated in 2006, 19 priority targets for new
kimberlite discoveries were selected throughout Finland. These targets include
high interest magnetic anomalies and geochemical anomalies generated from the
BHP Billiton database controlled by the Company.


Field work has been carried out at four targets in the Kaavi-Kuopio area with
excellent results having already been announced for Targets 295 (on Nordic JV
claims) and Targets 298 (100% owned) where micro-diamonds have been recovered
from till samples and from kimberlite boulders in surface gravels. Follow-up
work is already being planned to generate drill targets on these exciting areas.


In the Kuusamo area field-work has now been completed at 14 priority targets,
and samples are currently being processed for kimberlite indicator minerals (the
19th target was not accessible during this programme). Results are awaited.


At the AGM today Mr Cheetham will tell shareholders 'Over the past year we have
established Sunrise Diamonds as the leading diamond explorer in Finland having
achieved excellent results over a wide range of projects from grass roots to
advanced exploration. In 2007 we will build on this success with a major
exploration programme focusing on targets generated from our work last year. I
look forward to another exciting year.'





Further Info: Patrick Cheetham, Sunrise Diamonds plc. 
Tel: [phone].
Mob: [phone]

John Greenhalgh/Ron Marshman, City of London PR Ltd. 
Tel: +44 ( 0)20-7628-5518



The information in this release has been compiled and reviewed by Mr. Patrick
Cheetham (MIMMM, MAusIMM) who is a qualified person for the purposes of the AIM
Guidance Note for Mining Oil & Gas Companies issued on March 16, 2006. Mr
Cheetham is a Member of the Institute of Materials, Minerals & Mining and also a
member of the Australasian Institute of Mining & Metallurgy.



                      This information is provided by RNS
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