Updated Corporate Presentation, Report & Accounts

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

AIM: STEL

Stellar Diamonds plc ("Stellar" or the "Company")

Updated Corporate Presentation

Report and Accounts

Stellar Diamonds plc, the AIM listed (AIM: STEL) diamond development company focused on West Africa, is pleased to announce that ahead of the Company's attendance at the Mining Indaba in Cape Town ("the Conference") held between 3-6 February 2014, Stellar has published an updated corporate presentation. The corporate presentation will be shown to interested parties at the Conference and can be found on the following link on the Company website: http://stellar-diamonds.com/investors/presentations.

The new corporate presentation highlights the progress made on and Stellar's defined development programmes for its two core projects, which are located in prolific diamond regions in Sierra Leone and Guinea, leading to near-term production potential. A bulk sampling programme is currently underway at Stellar's flagship 1.1 million carat resource Tongo project, a high grade kimberlite asset in Sierra Leone, for which initial results are expected in February 2014, with the intention of delivering a Definitive Feasibility Study in H2 2014. In addition, the Company is looking to undertake an evaluation programme for its second core project, a kimberlite pipe at Baoulé, located in Guinea's most renowned diamond district, with the target of generating an inferred diamond resource of at least three million carats for the pipe. If successful, this would increase the Company's aggregate resource base to around 7.5 million carats with an in-situ value of US$1 billion.

Stellar has also uploaded its 2013 Annual Report to the company website. These audited accounts were posted to shareholders in November 2013 and can be found on the following link: http://stellar-diamonds.com/investors/financial-statements.

** ENDS **

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