VANCOUVER, December 28th, 2005 – Diamond Fields International Ltd. (TSX:DFI) (“DFI” or the “Company”) announces that consistent with the planned relocation of its Head Office to Cape Town, South Africa, the Company is pleased to announce the appointment of Darren McDonald CMA, as interim Chief Financial Officer, which becomes effective on December 31, 2005. Kenneth Hecker, CFO, COO and Secretary of Diamond Fields will resign from the Company effective on the same day. On behalf of the Board of Directors, Diamond Fields would like to extend its appreciation to Mr. Hecker for his service, and wishes him the best of luck in his future endeavors.
Mr. McDonald will guide the transition of DFI’s head office from Vancouver, B.C. to Cape Town, South Africa. He has served as DFI’s Controller since February of 2003 and is a Certified Management Accountant formerly of Grant Thornton LLP and KPMG LLP. Upon leaving public practice, he joined Diamond Fields as Controller and has been responsible for all aspects of the Company’s accounting and financial reporting.
The Company also reports that Inco Ltd. (“Inco”) has advised DFI that it does not plan further work on the Company’s Ammassalik nickel project in East Greenland. Inco completed a drill program on the property during the 2005 season to evaluate nickel showings and geophysical targets generated by DFI’s exploration in the previous two seasons. Results were not encouraging leading Inco to its decision to withdraw before vesting and thereby retaining no interest in the land package compiled by DFI. The Company is assessing its data and the Inco report on the properties to determine if further exploration is warranted.
Diamond Fields International Ltd. is an internationally active exploration and mining company pursuing mineral exploration opportunities worldwide. The Company’s corporate strategy is to maximize cash flow from its Namibian marine diamond concessions and systematically explore and develop its international mineral exploration projects. In addition, the Company continues to explore opportunities to acquire new economic mineral projects worldwide.
DIAMOND FIELDS INTERNATIONAL LTD.
“Roger Daniel ”
Roger Daniel, President and Chief Executive Officer
For further information contact Greg Girdler, Investor Relations at (1.604.682.2113 –Ext 257).
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.
Suite 1600 — 777 Dunsmuir Street Tel: 1-604-682-2113
P.O. Box 10425, Pacific Centre Fax: 1-604-688-0078
Vancouver, BC, Canada V7Y 1K4