DFI Hits Record Diamond Sales Prices

Apr 28, 2008 | 2008, Corporate News

Vancouver, Canada, April 28, 2008: Diamond Fields International Ltd. (DFI:TSX) (“DFI” or the “Company”) is pleased to announce that its most recent diamond sales conducted through Diamond Tenders, Belgium, DFI’s partially-owned diamond marketing company in Antwerp, Belgium, achieved record prices. The Company sold 1,958.19 carats at an average price of $258.36 USD per carat, a 21% increase over last year’s average sale price of $213 USD per carat. Total carats recovered for the month of March was 2,763.28, the Company’s best month since May 2007, and the third best month since January 2007. Ship availability to mine, meaning the amount of time the mv DF Discoverer was actually mining, exceeded 80% during March: an all-time high. Total carats recovered to the end of the firstquarter 2008 totalled 5,882.74 on 15,626 gem quality stones, with an average weight of 0.38 carats per stone.

Commenting on the results, Wayne Malouf, DFI’s CEO said, “Obviously management is very pleased with the improved production figures. They are directly attributable to an overhaul of the marine operation in February conducted by Joe Martin, Peter Schroeder and their marine team. Most important is the significant improvement in ship availability, a prerequisite in our program to make the marine operation more efficient.”


“Wayne Malouf”

Wayne Malouf, Chief Executive Officer
For further information, contact Wayne Malouf at +1 214 691 9000
Website: www.diamondfields.com

Forward-Looking Statements:
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in Diamond Fields’ periodic filings with Canadian Securities Regulators. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Diamond Fields does not assume the obligation to update any forward-looking statement.

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