Announcement of Director

21 November 2014

                        Karelian Diamond Resources Plc                         

                         ("Karelian" or the "Company")                         

                              Directorate Change                               

Karelian (AIM: KDR, ESM: KDRI), the diamond exploration company focused on
Finland, is pleased to announce that it has appointed Dr Sorċa Conroy to the
Board of the Company, as a Non-executive Director, with immediate effect.

Dr Conroy is a daughter of the Chairman of Karelian, Professor Richard Conroy.
She has a City background and currently sits on the Board of Conroy Gold and
Natural Resources plc, a mining company focused on Ireland.

Dr. Sorċa Conroy, a medical graduate of The Royal College of Surgeons in
Ireland, held a number of clinical positions in between her graduation in 1995
and joining Hoodless Brennan, a City stockbroker in 2004. She was recruited to
ING Bank in 2006 and whilst there was ranked second in the Extel Survey for
Biotechnology Specialist Sales. She had previously been specialist sales for
life sciences and institutional equities at Canaccord Adams (2005-2006), where
she ranked fourth in the 2006 Extel survey.

Dr Conroy has been a Non-Executive Director of Conroy Gold and Natural
Resources since 2010.

Professor Conroy, Chairman of Karelian said:

"I am delighted that Dr Sorċa Conroy has been appointed to the Board of
Karelian. Following her input into Conroy over a number of years, the Directors
of Karelian suggested that she join the Board. Having independently achieved
success and having broad ranging City experience, her knowledge and skills will
now contribute to the development of Karelian as it continues to move towards
it objective of making a major diamond discovery in the Finnish sector of the
Karelian Craton, comparable to the world class discoveries made on the Russian
side."

Under Schedule 2, paragraph (g) of the AIM Rules, the following information is
disclosed:

Dr Sorċa Catriona Conroy, aged 45, is currently on the board of Conroy Gold and
Natural Resources plc and holds 470,000 shares in the capital of the Company,
equivalent to 0.16 per cent. of the voting share capital of the Company

Dr Conroy has confirmed there is no additional information under Schedule 2,
paragraph (g) of the AIM rules which needs to be disclosed.

Further Information:

Professor Richard Conroy, Chairman, Karelian       Tel: [phone]        
Diamond Resources plc                                                          
                                                                               
Virginia Bull / Simon Clements, Sanlam Securities  Tel: [phone]       
UK Limited (Nomad)                                                             
                                                                               
Ger Heffernan, IBI Corporate Finance Limited (ESM  Tel: [phone]        
Adviser)                                                                       
                                                                               
Jon Belliss / Abigail Wayne, Hume Capital          Tel: [phone]       
Securities Plc (Broker)                                                        
                                                                               
Michael Padley / Gary Middleton, Lothbury          Tel: [phone]       
Financial Services Limited                                                     
                                                                               
Don Hall, Hall Communications                      Tel: [phone]        

http://www.kareliandiamondresources.com