REG-Karelian Diamond Res.: Exploration Update

Karelian Diamond ResourcesAnnouncement

01/09/2020 13:00

Karelian Diamond Resources plc

(“Karelian Diamonds” or “the Company”)

1 September 2020

LAHTOJOKI EXPLORATION UPDATE
* Exploration Commences on Area adjacent to the Company’s Lahtojoki Diamond
Deposit
* Programme Designed to Recover Further Kimberlite Boulders
* Glacial Ice Direction Will Also Be Delineated
Karelian Diamond Resources plc (“Karelian Diamonds”) (AIM: KDR), the
diamond exploration Company focused on Finland, is pleased to announce that it
has commenced a fieldwork exploration programme on its Lahtojoki South
Exploration Permit, adjacent to its Lahtojoki diamond deposit in the Kaavi
region of Finland. The Land Survey of Finland has recently granted the Company
rights of way for the Lahtojoki diamond deposit and adjacent exploration area
(announced 17 August 2020).

Kimberlite boulders have previously been discovered in the Lahtojoki South
area. Analysis showed that the boulders are a type of Kimberlite unlikely to
be derived from the Lahtojoki kimberlite (announced 12 January 2017).

It is therefore likely that the boulders originated from a yet to be
discovered kimberlite body, up ice from the initial discovery site of the
boulders.

The current programme is designed to recover further kimberlite boulders and
to delineate the glacial direction, with a view to identifying the source of
the kimberlite boulders.

Professor Richard Conroy, Chairman, Karelian Diamond Resources plc commented:

“I am delighted that it has been possible to start the exploration so soon
after the granting of rights of way.

We look forward to receiving the results of the exploration programme as it
proceeds.”

Further Information:

 Karelian Diamond Resources plc  Professor Richard Conroy, Chairman  +353-1-479-6180   
 Allenby Capital Limited (Nomad)  Nick Athanas / Nick Harriss        +44-20-3328-5656  
 Brandon Hill Capital (Broker)  Jonathan Evans                       +44-20-3463-5000  
 Lothbury Financial Services  Michael Padley                         +44-20-3290-0707  
 Hall Communications  Don Hall                                       +353-1-660-9377   

http://www.kareliandiamondresources.com



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