New Claim Reservations Granted

12 March 2014

                Diamond Exploration Claim Reservations Granted                 

  * Two further Claim Reservations granted in Kuusamo region of Finland
   
  * Claim Reservation also granted in the Kuupio-Kaavi region
   
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Karelian Diamond Resources plc ("Karelian") (AIM: KDR, ESM: KDRI), the diamond
exploration company focused on Finland, is pleased to announce that TUKES (The
Finnish Mining Authority) has granted Karelian a further two exploration claim
reservations in the Kuusamo region together with a claim reservation in the
Kuupio-Kaavi region.

The decision to apply for the reservations was based on analysis of airborne
geophysics together with till sampling and integration of data made available
to Karelian under its agreement with Rio Tinto Mining and Exploration.

In all three reservations kimberlitic indicator minerals were recovered in till
samples and further studies, including microprobe analysis, showed the presence
of diamondiferous kimberlitic indicator minerals.

Kuusamo is located in the North-East of Finland just south of the Arctic Circle
and is bordered to the East by Russia. Kuupio-Kaavi is in Central Finland and
is an established diamondiferous region.

A Claim Reservation gives exclusive rights to apply for exploration claims
within the reservation area.

This release has been approved by Kevin McNulty PGeo, who is a member of the
Company's technical staff, who holds a BSc/MSc in Geology and Remote Sensing,
in accordance with the guidance note for Mining, Oil & Gas Companies issued by
the London Stock Exchange in respect of AIM Companies, which outlines standards
of disclosure for mineral projects.

Professor Richard Conroy, Chairman, commented:

"We are delighted to have been granted these additional claim reservations in
regions of Finland which we believe to be highly prospective for diamonds.

Further Information:

Professor Richard Conroy, Chairman, Karelian       Tel: + 353-1-661-8958       
Diamond Resources plc                                                          
                                                                               
Simon Clements/Virginia Bull, Sanlam Securities UK Tel: [phone]       
Limited (Nomad)                                                                
                                                                               
Ger Heffernan, IBI Corporate Finance Limited (ESM  Tel: + 353-7662-34800       
Adviser)                                                                       
                                                                               
Jon Belliss/Abigail Wayne, Hume Securities PLC     Tel: [phone]       
(Broker)                                                                       
                                                                               
Michael Padley Lothbury Financial Services Limited Tel: [phone]       
                                                                               
Don Hall, Hall Communications                      Tel: + 353-1-660-9377       

http://www.kareliandiamondresources.com