Further Micro-Diamonds Reported From Seitapera

30 April 2012

FURTHER MICRO-DIAMONDS REPORTED FROM SEITAPERÄ

  * Three micro-diamonds recovered from Seitaperä Kimberlite samples
   
  * New zones of diamondiferous potential confirmed
   
  * Further investigation planned
   
__________________________________________________________________________________

Karelian Diamond Resources plc (AIM:KDR) is pleased to announce that three
microdiamonds have been recovered from material extracted during its drilling
programme at Seitaperä. The results identify new diamondiferous zones in the
diamondiferous Seitaperä kimberlite pipe located in the Kuhmo region of Eastern
Finland.

The micro-diamonds observed were white in colour, transparent and octahedral.
Two of the micro-diamonds including the largest stone were greater than 60 per
cent broken indicating the possibility of larger stone sizes.

The material analysed consisted of 270 kg of drill core taken from several bore
holes of which 155.7 kg was taken from material drilled in 2011. The drilled
material from 2011 contained all the micro-diamond results recorded and was
from brown mica rich kimberlite.

The results indicate that new zones of the Seitaperä pipe are diamondiferous.
The Company intends to investigate the zones where the micro-diamonds
originated and the mantle xenolith zones identified in the 2011 drilling.

Professor Richard Conroy, Chairman commented:

"I am delighted with the discovery of newdiamondiferouszones and further
microdiamondsat Seitaperä. These results are a major step forward in the
economic assessment ofSeitaperäand in our diamond exploration programme in
Finland."

Further Information:

Professor Richard Conroy, Chairman, Karelian       Tel: [phone]        
Diamond Resources plc                                                          
                                                                               
Simon Clements/Virginia Bull, Merchant Securities  Tel: [phone]       
Limited (Nomad)                                                                
                                                                               
Brian Farrell, IBI Corporate Finance Limited (ESM  Tel: [phone]        
Adviser)                                                                       
                                                                               
Karen Kelly/David Lawman , XCAP Securities PLC     Tel: [phone]       
(Broker)                                                                       
                                                                               
Michael Padley/Michael Spriggs, Lothbury Financial Tel: [phone]       
Services Limited                                                               
                                                                               
Don Hall, Hall Communications                      Tel: [phone]        

http://www.kareliandiamondresources.com