Drilling Update

Sunrise Diamonds PLC
01 August 2007


www.sunrisediamonds.com


1 August 2007


                  SUNRISE ANNOUNCES SEPTEMBER START TO DELAYED

                       KIMBERLITE PIPE DRILLING PROGRAMME

                        AT KAAVI-KUOPIO, CENTRAL FINLAND


   • 200kg Samples To Be Collected From Three Kimberlites For Diamond
     Recovery

   • Target 295 Bedrock Kimberlite Source Target Set For Autumn Drilling

   • Source Kimberlite At Target 298 Could Be 'Economically Significant'

   • Pipe 22 And Eight Further Targets Await Winter Lake Freeze Up Before
     Drilling

Sunrise Diamonds plc ('Sunrise Diamonds' or 'the Company') is pleased to provide
the following update on its diamond exploration activities in Finland.

KAAVI-KUOPIO REGION

NORDIC DIAMONDS JOINT VENTURE CLAIMS

On 18 April the Company announced a decision to drill several priority
kimberlites in the Kaavi-Kuopio area of central Finland where it is earning up
to a 75% interest from Canada's Nordic Diamonds Inc. Increased demand for
drilling services in the current commodity boom has delayed the start of this
drill programme but the Company is now pleased to advise that drill testing of
priority kimberlite pipes is contracted to start in September.

The drill programme will involve the collection of 200kg samples for
microdiamond testing and grade evaluation from three kimberlites, Pipe 10 (2
hectare footprint), Pipe 14 (100m long 30m thick dyke or elongated pipe open
along strike in both directions) and Pipe 17 (2 hectare footprint). These pipes
were selected following encouraging results from evaluation of mineral
chemistry, perceived shortcomings in historic evaluation of diamond grade and
recommendations of Minerals Services Canada Inc., a leading diamond exploration,
consulting and laboratory group.

TARGET 295

Target 295 is suspected to contain the bedrock source area for sediments
containing high counts of diamond-prospective kimberlite indicator minerals
(including one sample with a microdiamond). A gravity survey has been carried
out over the suspected source area and, so far, three gravity anomalies have
been drill tested without locating kimberlite in-situ. Several anomalies remain
to be drill tested in the autumn.

TARGET 298

Kimberlite boulders with high microdiamond contents (22 intact stones and five
fragments in a 20.8kg sample) have previously been recovered by the Company from
surface glacial sediments in the target area. Further sampling work during the
summer has defined a larger volume of glacial sediments containing very high
counts of diamond-prospective kimberlite indicator minerals and consequently the
Company believes that the source kimberlite could be economically significant.
The glacial dispersion patterns in this area are complex and prospecting and
sampling designed to narrow the potential source area is currently on-going.

OTHER TARGETS

Minerals Services Canada Inc. has also recommended further testing of Pipe 22 in
the Kaavi-Kuopio region. As this pipe is located under a lake it will be drill
tested in the coming winter when the lake is frozen.

A further eight winter 'drill ready' kimberlite targets have also been defined
based on lake bottom seismic soundings.

The Company is continuing to develop the valuable database acquired from BHP
Billiton and in early August will start a sampling programme for nine new
priority targets associated with diamond prospective kimberlite indicator
minerals.


KUUSAMO REGION

KALETTOMANPURO GROUP II KIMBERLITE

A gravity and magnetic survey was recently completed over the Kalettomanpuro
kimberlite (the Company's original kimberlite discovery in Finland in 2005) to
define the strike extension of the diamond-prospective Group II kimberlite dyke.
The data has been sent for review, along with data from Target 295, to Canadian
specialists with a view to generating drill targets for testing in late
summer-autumn.

TARGET 32

Drilling at Target 32 in the Kuusamo region, a distinctive bulls-eye magnetic
target in a favourable structural location, did not intersect kimberlite.
Magnetic data will be re-modelled using magnetic measurements taken during
recent drilling to ascertain whether the magnetic anomaly has been adequately
tested.

REGIONAL TARGETS

Results from sampling at 14 targets in the North Kuusamo area did not return
significant numbers of indicators and no further work is currently planned on
these particular targets.


Further information:

Patrick Cheetham, Sunrise Diamonds plc. 
Tel: [phone]. Mobile: [phone]

Ron Marshman/John Greenhalgh, City of London PR Limited. 
Tel: [phone]

Brett Miller/Roxane Marffy, Ruegg & Co Limited. 
Tel: [phone]






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