Result of AGM

Karelian Diamond Resources

09/12/2011 16:02

9 December 2011

                        Karelian Diamond Resources Plc

                                (the "Company")

                                 Result of AGM

The Company announces that at the annual general meeting, held earlier today,
all resolutions were duly passed.

Further Information:

Professor Richard Conroy, Chairman, Karelian       Tel: +353-1-661-8958
Diamond Resources plc

Simon Clements/Virginia Bull, Merchant Securities  Tel: +44-20-7628-2200
Limited (Nomad)

Brian Farrell, IBI Corporate Finance Limited (ESM  Tel: +353-1-637-7800
Adviser)

John Grant/Karen Kelly/David Lawman , XCAP         Tel: +44-20-7101-7070
Securities PLC (Broker)

Michael Padley/Michael Spriggs, Lothbury Financial Tel: +44-20-7868-2010
Services Limited

Don Hall, Hall Communications                      Tel: +353-1-660-9377

http://www.kareliandiamondresources.com

END