Baoule Diamond Sale

NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.

7 May 2015

AIM: STEL

Stellar Diamonds plc

("Stellar" or the "Company")

Baoulé Diamond Sale

Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, announces that its next diamond sale of up to 4,439 carats from trial mining of its Baoulé kimberlite project in the Aredor area of Guinea will take place in Dubai and Antwerp via the eDiamond auction platform during May. The sale process will include gem quality stones up to 12.6cts in size.

The goods will be available to view in the offices of eDiamond in Dubai from the 10 to 13 May and in Antwerp from the 18 to 25 May with the auction expected to close at the end of May 2015.

Interested and compliant qualified groups can arrange to view the goods by registering with eDiamond.

This second diamond sale is part of the Company's anticipated regular sales process from the trial mining of Baoulé where a total of 15,000 carats are targeted in order to establish the diamond grade, value and presence of large diamonds in the kimberlite pipe.

About Stellar Diamonds plc

Stellar is an AIM quoted (AIM: STEL) West African focused diamond development company which has commenced trial mining of its Baoulé kimberlite in Guinea, and is progressing the 1.45 million carat Tongo Dyke-1 resource in Sierra Leone through the mining licence application process. In addition, Stellar holds the 3 million carat Droujba project in Guinea and continues to pursue diplomatic channels to ensure the proper reinstatement of its Kono licences in Sierra Leone.

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For further information contact the following or visit the Company's website at www.stellar-diamonds.com.