Change of Adviser

30th Nov 2010 07:00

30 November 2010 Karelian Diamond Resources plc ("Karelian" or "the Company") Appointment of Broker

Karelian Diamond Resources plc (AIM: KDR; IEX: KDRI) is pleased to announce the appointment of XCAP Securities plc as broker to the Company with immediate effect.

Further Information:

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

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

John Tuite, IBI Corporate Finance Limited (ESM Tel: +353-1-637-7800Adviser) David Newton/John Grant, XCAP Securities plc (Broker) Tel: +44 207 101 7070

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

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