Issue of Equity

Sunrise Diamonds PLC
26 September 2007



PLACING TO RAISE £275,000
_____________________________________________________________________

Sunrise Diamonds plc ('Sunrise Diamonds' or 'the Company') announces that it has 
conditionally placed 13,750,000 new ordinary shares ('the Placing Shares') of 
0.1p each at 2 pence per share (the 'Placing').

The Placing will raise £275,000 before expenses and the proceeds will be used 
for the ongoing drilling campaign and for general working capital purposes.

The Placing Shares will represent 9.9% 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 1 October 
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 138,866,800.



Further Info:
Patrick Cheetham, Sunrise Diamonds plc
Tel: [phone],                  Mob: [phone]

Brett Miller / Gavin Burnell
Ruegg & Co Limited                        Tel: +44 (0)20 - 7584 3663

John Greenhalgh / Ron Marshman
City of London PR Ltd                     Tel: [phone]




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