Cape Town, April 18th, 2006 – Diamond Fields International Ltd. (TSX: DFI) (“DFI” or the “Company”) announced that it has filed today with applicable Canadian securities regulators through the SEDAR website an updated technical report dated March 30, 2006 entitled “The Marine Alluvial Diamond Properties ML 111, EPL 1607 A & B and ML 32, Lüderitz, Namibia” prepared by R.H. De Decker of De Decker and Associates Consulting Services. The technical report was prepared under National Instrument 43-101 and relates to the Company’s marine alluvial diamond mining and exploration properties off the coast of Lüderitz, Namibia.
The updated report comments upon mining undertaken in Mining Licence ML111 since November 2002, as a result of mining operations by contractors, joint ventures and with DFI’s own vessel. DFI acquired its vessel in late 2004 and the report comments on commercial and technical aspects specific to this vessel.
A copy of the technical report may be obtained under the Company’s profile at www.sedar.com.
The technical report was prepared in connection with the proposed merger between DFI and Moydow Mines International Inc. (“Moydow”), as announced in press releases dated March 1, 2006, whereby DFI and Moydow stated they had reached an agreement effective February 28, 2006 pursuant to which Moydow security holders will exchange their Moydow securities for securities of DFI. The transaction is subject to various conditions as previously announced. Moydow, like DFI, is engaged in mineral exploration and development worldwide.
DIAMOND FIELDS INTERNATIONAL LTD.
“Roger J. Daniel”
Roger J. Daniel, President and CEO
For further information, contact Greg Girdler, Investor Relations at (604) 288-1400
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.