Result of AGM

Karelian Diamond Resources

13/12/2012 15:41

13 December 2012

                         Karelian Diamond Resources plc

                         ("Karelian" or "the Company")

                       Result of Annual General Meeting

Karelian announces that at the Annual General Meeting of the Company 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: +353-7662-34800
Adviser)

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

Michael Padley/Michael Spriggs, Lothbury Financial Tel: +44-20-3440-7620
Services Limited

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

http://www.kareliandiamondresources.com

END