Issue of Equity

Sunrise Diamonds PLC
12 February 2007


                            www.sunrisediamonds.com
12 February 2007


                           PLACING TO RAISE £545,000
___________________________________________________________________________

Sunrise Diamonds plc ('Sunrise Diamonds' or 'the Company') announces that it has
conditionally placed with institutional investors 27,250,000 new ordinary shares
('the Placing Shares') of 0.1p each at 2 pence per share (the 'Placing'). The
Placing will raise £545,000 before expenses and the proceeds will be used to
follow up the encouraging results of the 2006 exploration programme in Finland
and for general working capital purposes.

The Placing Shares will represent 21.82% of the enlarged issued share capital of
the company. The Placing is conditional, inter alia, on the Placing Shares being
admitted to trading on AIM, which is expected to occur on or around 16 February
2007. The Placing Shares will rank pari passu with the existing ordinary shares
in issue and increase the number of ordinary shares in issue to 124,905,278.

2007 Exploration Programme

The proceeds of the Placing will enable the Company to follow up the exploration
programme initiated in 2006. This will include ground investigations and
drilling for kimberlite at targets 295 and 298 and further investigation of 17
other priority diamond targets. Kimberlite fragments and a microdiamond were
found in surface sediments in the last sampling round to follow up Target 295.
Also in 2006, a 20kg sample of kimberlite boulders from Target 298 returned 27
microdiamonds - a high microdiamond content.

The Company will also work on evaluation of the commercial potential of several
of the Nordic Diamonds JV pipes and continue target generation in Finland and
elsewhere.

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.



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