Admission to AIM

Sunrise Diamonds PLC
06 June 2005


6 June 2005

                              Sunrise Diamonds plc

                          Placing and Admission to AIM

Sunrise Diamonds plc ('Sunrise' or the 'Company'), announces that, with effect
from 08.00am today (6 June 2005), its existing ordinary shares of 0.1p each
('Ordinary Shares') and new ordinary shares of 0.1p each ('Placing Shares')
issued pursuant to a successful placing, have been admitted to AIM. Ruegg & Co
Limited is acting as the nominated adviser and W H Ireland as broker.

Words and expressions defined in the Admission Document published on 31 May 2005
shall have the same meaning as in this announcement.

Key Statistics

     Placing Price                                                          2p
     Number of Placing Shares                                       15,375,000
     Number of Warrants* to be issued pursuant to the Placing        7,687,500
     Number of Ordinary Shares in issue immediately following the
     Placing                                                        75,375,000
     Market Capitalisation of the Company at the Placing Price on
     Admission                                                      £1,507,500
     Placing Shares as a percentage of the issued share capital          20.40%
     Gross proceeds of the Placing                                    £307,500
     Fully diluted share capital (assuming exercise of all warrants)87,562,500

* The 7,687,500 warrants to subscribe for Ordinary Shares have been issued
pursuant to the Placing on the basis of one Warrant for every 2 Placing Shares.
These warrants are exercisable at 3p per Ordinary Share until 6th June 2006 and
5p per Ordinary Share from 7th June 2006 to 6th June 2007. The Warrants have not
been admitted to trading on AIM.

Patrick Cheetham, Executive Chairman, said, 'We are delighted with Sunrise's
admission to AIM as we believe that it will provide greater access to capital to
enable our company to pursue its business strategy as well as enhance the
Company's profile within the diamond exploration industry and increase the
business opportunities available to us.'

- Ends -

For further information, please contact:

Sunrise                  Ruegg & Co                  WH Ireland
Patrick Cheetham         Brett Miller                Laurie Beevers
T: 01625 626203          T: 020 7584 3663            T: 0161 832 6644

NOTES TO EDITORS

About Sunrise.

Sunrise Diamonds has been established as a spin-out from the Tertiary Minerals
plc group ('Tertiary') primarily to acquire and exploit Tertiary's diamond
exploration interests in Finland. It also intends to acquire, explore for, and
develop additional diamond exploration properties.

Sunrise's properties comprise 2 claims (exploration licences) and 34 claim
reservations in the Kuusamo region of north-east Finland. These confer exclusive
exploration rights over new kimberlite discoveries made by Tertiary Gold at
Kalettomanpuro and Kattaisenvaara and over 45 additional targets that the
Directors believe justify further exploration for diamondiferous kimberlites in
the newly defined Kuusamo kimberlite cluster. A programme of geophysics, diamond
indicator mineral sampling and follow up drilling is scheduled to start
immediately.

Whilst there are no geographic or commodity restrictions on its future
activities, the Company intends to focus initially on exploration and evaluation
of diamond exploration projects in Finland and prospective complementary
geological terrains in Northern Europe and adjoining areas.

The Company may expand its exploration activities elsewhere in future and may
consider the acquisition of advanced or producing diamond or other mineral
assets.

On 5 May 40,000,000 new Ordinary Shares were issued to Tertiary shareholders and
other investors at 1p per share raising £400,000 gross. A further placing of
15,375,000 new Ordinary Shares at 2p with attaching half-warrants exercisable at
3p within 12 months or 5p within 12-24 months from AIM Admission has raised a
further £307,500 gross on Admission.

Directors

Patrick Cheetham, (aged 45) - Executive Chairman

Mr Cheetham has 24 years experience in minerals exploration management for a
wide range of mineral commodities and over 18 years experience as an executive
director of public traded companies. He is currently Executive Chairman of
Tertiary Minerals which he founded in 1997. He has a first class honours degree
in Mining Geology from the Royal School of Mines, Imperial College, University
of London. Mr Cheetham co-founded Australian company Archaean Gold NL in 1993
and in July 1996 it was the subject of a successful A$50 million takeover bid by
Lachlan Resources NL. Prior to founding Archaean Gold, Mr Cheetham was, from
1986 to 1993, joint managing director of Dragon Mining NL, during which time he
was responsible for the formation of that company, the identification of and
acquisition of its exploration projects, its listing on the Australian Stock
Exchange and the subsequent development of its exploration projects. Prior to
that, he worked for Western Mining Corporation in Western Australia, and for
Imperial Metals Corporation in British Columbia, Canada.

Neil Herbert (aged 39) - Non-Executive Director

Mr Herbert is currently a director of Kalahari Diamond Resources plc,
International Molybdenum plc and Galahad Gold plc. He is a Fellow of the
Association of Chartered Certified Accountants and between 1991 and 1997 he
worked for the accountancy firm PriceWaterhouseCoopers.. He was Group Financial
Controller of Antofagasta plc from 1998 to 2001 and Chief Financial Officer of
the AIM listed Argentinean gold explorer Brancote Holdings plc from 12 September
2001 until the successful completion of its acquisition by Meridian Gold Inc.
for US$368 million in July 2002. He then joined other members of the former
Brancote Holdings plc management team at Patagonia Gold plc where he managed the
company's successful AIM flotation in March 2003 and where he was Finance
Director until the completion of a merger with Minera Puerto Madryn S.A. in
December 2003.

Francis Johnstone (aged 39) - Non-Executive Director

Mr Johnstone is currently Commercial Director of Ridge Mining plc, an AIM listed
exploration and development company focused on its platinum and associated metal
projects in South Africa. From 1989 to 1996, he was Group Projects and
Operations Manager for gold producer Cluff Resources plc which had recently
discovered the Geita gold mine in Tanzania at the time of its acquisition by
Ashanti Goldfields in 1996. He is currently a non-executive director of
Brazilian Diamonds Limited, a company which is actively exploring a number of
diamondiferous kimberlites in Brazil and also of Hidefield Gold plc.

This announcement is not for release, distribution or publication in whole or in 
part in or into the United States, Japan or Australia. The information contained 
herein does not constitute an offer of securities for sale in the United States 
of America, Canada, the Republic of South Africa, the Republic of Ireland, Japan 
or Australia.

This announcement has been issued by the Company and is the sole responsibility 
of the Company and has been approved solely for the purposes of Section 21 of 
the Financial Services and Markets Act 2000 by Ruegg & Co Limited of 39 Cheval 
Place, London  SW7 1EW.

This announcement does not constitute or form part of an offer, or any 
solicitation of an offer, for securities and any purchase of or application for 
shares in the Placing should only be made on the basis of information contained 
in the Admission Document. The price and value of, and income from, shares may 
go down as well as up. Persons needing advice should consult a professional 
adviser.

The information contained herein is not for publication or distribution in or 
into the United States of America. The materials do not constitute an offer of 
securities for sale in the United States of America, nor may the securities be 
offered or sold in the United States of America, nor may the securities be 
offered or sold in the United States of America absent registration or an 
exemption from registration as provided in the Securities Act of 1933, as 
amended, and the rules and regulations thereunder. There is no intention to 
register any portion of the offering in the United States or to conduct a public 
offering of securities in the United States of America.

The information contained herein shall not constitute an offer to sell or the 
solicitation of an offer to buy, nor shall there be any sale of the Securities 
referred to herein in any jurisdiction in which such offer, solicitation or 
sale would be unlawful prior to registration, exemption of registration or 
qualification under the securities laws of any such jurisdiction.

Ruegg & Co Limited ('Ruegg') is regulated in the United Kingdom by the Financial 
Services Authority and is acting solely for the Company in connection with the 
Placing and Admission and no one else. Ruegg has been appointed as nominated 
adviser and broker to the Company. Ruegg will not regard any other person as its 
client or be responsible to any other person for providing the protections 
afforded to clients of Ruegg nor for providing advice in relation to the 
Placing and Admission. Ruegg is not making any representation or warranty, 
express or implied, as to the contents of this announcement. Ruegg accepts no 
liability whatsoever for the accuracy of any information or opinions expressed 
in this announcement or for the omission of any information.



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