Final Results

Sunrise Diamonds PLC
07 December 2006


                              SUNRISE DIAMONDS PLC


       ANNOUNCEMENT OF AUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED

                               30 SEPTEMBER 2006





Chairman's Statement


I am pleased to report on a year of substantial progress towards the discovery
of commercial diamond deposits on our exploration properties in Finland.


New Discoveries


The Company is exploring in the Karelian Craton, a diamond-prospective
geological block that on the Russian side of the Finnish border contains some of
the world's richest diamond deposits including the Lomonosov pipe complex at
Arkhangelsk now under development by Alrosa.


There is potential for similar types of deposits in the Finnish part of the
Craton and consequently a determined target generation and follow-up exploration
programme is being conducted on the back of our valuable BHP Billiton database.


As reported, we have achieved early successes in our diamond search where
normally patience is a necessary ingredient. You may recall in my Chairman's
Statement last year I mentioned previous exploration in the Kuusamo region of
northern Finland defined a new kimberlite cluster and I forecast that more
kimberlite discoveries would be made in the Kuusamo cluster.


I am therefore delighted to report that our exploration this year has added a
further three new kimberlite discoveries bringing the total number at Kuusamo to
seven. Three of these kimberlites are now known to be diamondiferous.


BHP Billiton Database


During the year we have built on our exclusive agreement with BHP Billiton to
exploit their diamond exploration database for Finland. The database, which we
believe has a replacement value of over US$10 million, includes an extensive
archive of surface geochemical sampling results from throughout Finland as well
as extensive geophysical data and information on the mineral chemistry of the
country's known kimberlites.

A complete review of the BHP Billiton database has generated numerous targets
which are now being followed up with detailed fieldwork. These include
kimberlite pebbles from Target 298 with a high micro-diamond count and which are
abundant near surface in conjunction with a high interest indicator mineral
anomaly.


Nordic Diamonds JV


During the year we entered into a joint venture agreement with Canada's Nordic
Diamonds Ltd ('Nordic') which gives us the right to earn up to a 75% interest in
a parcel of claims covering 16 of the 20 kimberlites that were discovered by
Ashton Mining and its partners in the 1990's in the Kaavi-Kuopio area of south
central Finland. Most of these kimberlites are diamondiferous and one or more
may have commercial potential. The claims also include untested diamond targets
- for example, Target 295 where our recent exploration has confirmed earlier
reports of kimberlite fragments and associated high interest kimberlite
indicator minerals. The recent recovery of a micro-diamond in the glacial
sediment at this location taken together with the favourable chemistry of the
indicator minerals suggests a significant diamond source nearby.


Diamond Market


The outlook for the diamond market continues to be positive with fine large gems
increasing in price on the back of high demand and short supply. Low value
stones have, on the other hand seen a slight reduction in price more recently
following a period of larger than average sales by De Beers last year. However,
the outlook is for prices to increase across the range as world diamond supply
first levels off, then declines against increasing world demand.



Results for the Period


The Company is reporting a loss of £179,209 for the year ending 30 September
2006 (2005: £239,092). This comprises interest receipts of £14,254,
administration expenses of £171,250 and reconnaissance expenses of £22,213.


Enviable Landholding, Database And Targets


The Company has, in a short time, positioned itself as the leading diamond
exploration company operating in Finland with an enviable landholding and a
substantial inventory of targets developed from a proprietary diamond
exploration database that is the most comprehensive in use in Finland today.


Diamonds are always hard to find, but commercial diamond discoveries deliver
superior returns to shareholders compared to discoveries of other commodities.


The Company is in an exciting phase of its development and I look forward to
reporting further progress over the coming year.






Patrick L. Cheetham                                         7 December 2006
Executive Chairman


Further Information:

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

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

Web-site: www.sunrisediamonds.com



                                                            Sunrise Diamonds plc
                                                         Profit and Loss Account
                                          for the year ended 30th September 2006


                                                      Year ended   Period ended
                                                    30 September   30 September
                                                            2006          2005
                                                               £             £

Exploration costs written off                             22,213         39,942
Administrative expenses                                  171,250        206,825
Operating loss                                          (193,463)      (246,767)

Interest receivable                                       14,254          7,675

Loss on ordinary activities before taxation             (179,209)      (239,092)

Tax on loss on ordinary activities                             -              -

Loss for the year                                       (179,209)      (239,092)

Loss per share - basic (pence)                             (0.20)         (0.45)


All amounts relate to continuing activities.


There are no recognised gains and losses for the year other than those included
in the profit and loss account.



                                                            Sunrise Diamonds plc
                                                                   Balance Sheet
                                                          at 30th September 2006


                                          2006       2006       2005       2005
                                             £          £          £          £
Fixed assets
Intangible assets                                 616,073               241,276

Current assets
Debtors                                 47,691                50,008
Cash at bank and in hand               384,190               389,825
                                       431,881               439,833

Creditors: amounts falling due within (100,315)              (87,311)
one year

Net current assets                                331,566               352,522

Net assets                                        947,639               593,798

Capital and reserves
Called up share capital                            97,655                75,375
Share premium account                           1,268,285               757,515
Profit and loss account                          (418,301)             (239,092)

Shareholders' funds                               947,639               593,798





                                                            Sunrise Diamonds plc
                                                             Cash Flow Statement
                                                for the year 30th September 2006


                                                                 2006      2005
                                                                    £         £

Net cash outflow from operating activities                   (178,142) (209,464)

Returns on investment and servicing of finance
Interest received                                              14,254     7,675


Net cash outflow from operating activities after returns on  (163,888) (201,789)
investments and servicing of finance

Capital expenditure and financial investment
Purchase of intangible fixed assets                          (374,797) (241,276)


Net cash outflow from capital expenditure and financial      (374,797) (241,276)
investment

Financing
Issue of share capital (net of expenses)                      533,050   832,890

Net cash inflow from financing                                533,050   832,890

(Decrease)/Increase in cash                                    (5,635)   389,825



Notes:


1                 Publication of Non-Statutory Accounts


The financial information set out in this announcement does not constitute the
Company's Statutory Accounts for the period ended 30 September 2006. The
auditors have reported on the 2006 accounts; their report is unqualified and did
not contain a statement under section 237 of the Companies Act 1985. The
Statutory Accounts for 2006 will be delivered to the Registrar of Companies
following the Company's Annual General Meeting.



2    Reconciliation of movement in shareholders' funds       2006          2005
                                                                £             £
     Loss for the year                                   (179,209)     (239,092)
     Shares issued during the year                        535,075       857,500
     Expenses of equity share issues                       (2,025)      (24,610)
     Increase in shareholders' funds                      353,841       593,798

     Opening shareholders' funds                          593,798             -

     Closing shareholders' funds                          947,639       593,798



3    Reconciliation of operating loss to net cash outflow from operating 
     activities
                                                            2006           2005
                                                               £              £

     Operating loss                                     (193,463)      (246,767)
     Depreciation                                              -              -
     Decrease/(increase) in debtors                        2,317       (50,008)
     Increase in creditors                                13,004         87,311

     Net cash outflow from operating activities         (178,142)      (209,464)




4    Reconciliation of cash flow to movement in net funds
                                                                   Cash at bank
                                                                    and in hand
                                                                              £

     At 30 September 2006                                               384,190
     At 1 October 2005                                                  389,825

     Decrease in cash in the year                                        (5,635)

     Cash outflow from decrease in funds and lease                            -
     financing
     Cash inflow from decrease in liquid resources                            -

     Change in net funds resulting from cash flows                       (5,635)

     Movement in net funds in the year                                   (5,635)
     Net Funds at 1 October 2005                                        389,825

     Net funds at 30 September 2006                                     384,190



5   Dividend


    No dividend is proposed


6   Annual Report


    The Company's 2006 Annual Report will be published and sent to shareholders 
    in due course and copies will be available to the public, free of charge, 
    from the Registered Office of the Company at Sunrise House, Hulley Road, 
    Macclesfield, Cheshire, SK10 2LP for at least 30 days from the date of 
    publication.




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