African Diamonds PLC
23 January 2004

AFRICAN DIAMONDS plc

Contacts:

John Teeling, Chairman Tel: +353 87 2581178

Jim Finn, Director Tel: +353 86 2581178

Redleaf Communications

Nick Lambert Tel: +44 (0) 7811 358 764

www.afdiamonds.com
23rd January 2004

AGM STATEMENT AND TRADING UPDATE

The following highlights will be announced by the Chairman of African Diamonds
plc, John Teeling, at the company's Annual General Meeting, which is due to be
held at 12.30 pm today.

Production

African Diamonds will be producing gem quality diamonds within 8 weeks.

The 240 ton a day pilot mining plant on Pipe 3 in Koidu, Sierra Leone will
be operational in March. Initially we will process 10,000 tons to establish
the grades.

We have high hopes for this plant. The new DiamondWorks mine on Pipes 1
and 2, three kilometres away, is reporting outstanding grades of 67 carats
per hundred tons, as well as finding 25 plus carat stones. Koidu produces
some of the highest quality diamonds in the world. Pipe 3 has every chance
of becoming a high grade commercial mine.

At Kolo, in Lesotho, production will commence on our 55% owned joint
venture, in the 2nd quarter of this year. Initially a total of 30,000 tons
will be mined, from which we expect to recover 5,000 carats including some
large stones. This too is expected to continue into full commercial
production.

Drilling results

We are getting spectacular results from our kimberlite dyke mapping
and sampling programme in Sierra Leone. So far we have mapped 11.5 kilometres of
dykes averaging 1 metre wide. Early stage analysis suggests grades of 1 carat
per cubic metre. Our neighbour, Mano River Resources is finding similar results
on an adjacent licence. If confirmed we have the potential for a mine of high
quality.

In March we will report detailed results from our drilling programme
on 5 kimberlites on our Orapa Licence. We already reported the discovery of two
high quality diamonds from pipe BK10. More will emerge from the detailed
analysis. Expectations at this time are to move to trial mining on BK10.

The search for the lost Orapa alluvial diamonds continues. The 42 holes drilled
in Serowe Botswana are being analysed. We know that we have found river
channels. We are now looking for Orapa gravels and diamond indicators in the
channels. Follow up work will continue during the year to look for Plunge Pools,
which may hold large, gem quality stones. This project has the potential to be a
company maker.

An extensive sampling programme is underway on our three Guinea alluvial
licences. By midyear we will have a resource estimate on the Bomboko and Seria
licences. We have already recovered diamonds from this area.

Corporate

We are at an advanced stage in negotiating an exploration joint
venture on certain of our properties. I hope to make an announcement shortly.

We are also at an early stage in discussing possible joint activities
with a diamond-mining partner.

The funds we received last year will last until June. We have been
offered funding for our on going work but we are reluctant to issue shares at
present prices given the expected flow of good news.

Conclusion

We have had a very good first year as a listed company. It is difficult to
rank the prospectivity and value of our various properties but the
spectacular grades being obtained around us in Sierra Leone offer massive
upside.

We are very well placed with an excellent portfolio and growing interest
in our company.

African Diamonds is a diamond exploration company traded on the AIM market.
Ticker symbol (AFD)

Legins. Sorry about replying so late. Re.your question: Do you have any charting / technical analysis software, if so which?
No I haven't at the moment. I've been doing this for about 14 months or so. I saw increase of 17% last year, but really I want to see more success before investing in equipment, plus my learning curve is steep enough right now, any more data inputs might give me a bad headache!!.
However, I use my Broker online site as well as Motley Fool for (basic probably)chart analysis and background data and leads/rumours. I am interested in getting some screening/analysis software sometime, but when???
All suggestions/advice however greatfully recieved.

Have anyone heard of 'Red Hot Penny Shares' by Fleet Street Publications. They claim to be very good at recommending shares that soar. Introductory 12month price is 57, then 97 thereafter. They say pay no money now, first 28 days free plus free gifts, yet request Bank details straightaway. I am vary wary due to the number of scams going on. These people also produce 'Money Weekly'.
"http://www.fsponline-recommends.co.uk/page.aspx?

I'm still holding a lot of AFD's, I am a little anxious with the price in a downward trend, but, I'm hoping there will be a good news release soon that should push the price up. That will then neutralise my timing error of the 5th.

African Diamonds PLC
17 February 2004

Botswana Joint Venture

Highlights

Joint venture agreed between Kalahari Diamonds (60%), and African
Diamonds (40%), on Botswana licences.

Revolutionary Falcon exploration technique to be used on the licences.

Primary targets are undiscovered kimberlite pipes in the area north of
Orapa, a new kimberlite field in Serowe and plunge pools / river
channels which drained Orapa through the Serowe licence.

All existing kimberlites identified by African Diamonds are not part
of the joint venture.

Orapa to be 'flown' during the second quarter of 2004.

African Diamonds is pleased to announce that they are finalizing a joint venture
agreement with Kalahari Diamonds Ltd. to explore the 4,000 sq km of diamond
licences in Botswana held by African Diamonds.

The objective of the joint venture is to use the Falcon exploration technique to
identify new kimberlite pipes on the Orapa and Serowe licences held by African
Diamonds. The joint venture agreement excludes the 21 kimberlites already known
to African Diamonds.

The Falcon airborne exploration technology is revolutionizing diamond
prospecting particularly in areas of deep cover such as the Kalahari sands and
the salt pans north of the Orapa diamond mine. The technique can identify the
signature of kimberlite pipes in a collection of geological anomalies. Kalahari
Diamonds Ltd, which has exclusive use of the technique in Botswana, will earn a
60 per cent interest in new discoveries on our licences by flying the ground,
analyzing the data and identifying targets. African Diamonds can elect to
maintain their 40 per cent interest in all follow up work or agree to be diluted
to a royalty interest.

It is intended to fly the Orapa ground as soon as it is practicable in 2004,
probably late in Q2. The Serowe licences are expected to be flown in early 2005.

The potential in the Orapa ground, a 1,000 sq km block north of the Orapa
diamond mine, is enormous. The Makgadikgadi salt pans make conventional
exploration in the area virtually worthless. Some 80 plus kimberlite pipes have
been discovered to date around the Orapa mine area but only two have been found
in the vast area of the Makgadikgadi, Kimberlite BK15, which is to be mined by
Debswana and Kimberlite K15, both of which outcrop on the southern shoreline of
the Magkadikadi pans.

Many geologists believe that further pipes exist under the salt and sand.

The potential on Serowe is equally good. African Diamonds has produced evidence
of a new kimberlite field. Drilling has also identified the existence of river
channels which may have drained the Orapa diamond fields. Using existing
techniques would take three years and a substantial investment to discover what
Falcon is likely to reveal by the end 2004.

John Teeling, the chairman of African Diamonds said, 'This is a very important
step for our company. We are trading 60 per cent of potential new discoveries on
our licences to save three years and to obtain the results of using this
wonderful new technique. Falcon sees through sand and salt.

We believe that we have at least three potential revenue streams of significance
in Botswana;

the lost alluvial diamonds of Orapa which we are chasing in Serowe
the new kimberlite field in Serowe where our work has narrowed the
area down to 150 sq km, and, most vitally
the untapped potential of our ground north of the Orapa mine

We are particularly excited about what lies beneath the sand and salt north of
Orapa. By year end we should have targets, some of which are likely to have
significant value to African Diamonds.'


Contacts:

African Diamonds Plc
John Teeling Tel: +353 87 2581178
Mark Scowcroft Tel: +27 (11) 447 4997

Redleaf Communications
Nick Lambert Tel: +44 (0) 7811 358 764

Rowan Dartington
Ian Rice Tel: +44 (0) 117 933 0020

About Falcon

http://falcon.bhpbilliton.com

African Diamonds PLC
03 March 2004

AFRICAN DIAMONDS plc.



3rd March 2004



African Diamonds lists on Botswana Stock Exchange

More Diamonds Discovered



African Diamonds is pleased to announce the discovery of two additional diamonds
from the ongoing analysis of drilling samples from our 19 hole drilling
programme on our licence in Orapa, Botswana.

The latest discovery, a 0.26 carat white gem, was found in a small sample of
AK8.

In addition, a gravity survey of kimberlite pipe AK8 suggests that it is bigger
than the 1.5 hectares we have previously estimated.

We have now discovered diamonds in all three pipes analysed to date, BK10 AK9
and AK8. Processing of drill material from a fourth kimberlite, AK12, has
commenced.

The concentrate will be shipped to South Africa for X-ray analyses as soon as
the preliminary analysis is completed on site.

Speaking at the listing of African Diamonds on the Botswana Stock Exchange, Mark
Scowcroft, Managing Director said, 'I see it as a good omen that we discover a
white gemstone as we begin our life on the Botswana Stock Exchange. Botswana has
a fabulous future in diamonds. Looking forward, the four producing diamond mines
will be joined by others. African Diamonds expects to be one of these new
miners. We have excellent ground in Orapa and Serowe, good local management and,
importantly, good drilling results'.



African Diamonds plc



'These excellent results are complemented by the exploration potential which we
have in Botswana. In the Orapa area we have over 1,000 km of quality ground with
excellent potential. To the north of Serowe we believe we are on the trail on a
new kimberlite field, and we continue to hunt for the lost Orapa alluvial
diamonds.

Botswana is an excellent country in which to operate with good title,
regulations, infrastructure and people. It has among the best diamond potential
in the world. Our listing in Botswana shows that we are here for the long run. I
look forward to a growing and profitable future'.



Contacts:



African Diamonds Plc
John Teeling Tel: +353 87 2581178
Mark Scowcroft Tel: +267 713 02471

Redleaf Communications
Nick Lambert Tel: +44 (0) 7811 358 764


Rowan Dartington
Barrie Newton Tel: +44 (0) 1179 330011

Capital Securities
Rupert McCammon Tel: +267 3188886




www.afdiamonds.com

whats the next move for this stock,as its falling since the good news,why?it should be rising,but i think profit takers are taking care of this at the moment by the looks of things.

I find this a difficult stock to read. I am by no means an expert, but, I think this stock is purely sentimental value. It wants to level off probably at high 40's to 50p. Soon as there is news, not even positive results, just keeping us briefed, the price shoots up.
I thought they were to release the analysis results of one of their explorations (pipes) this month. I haven't a clue as to the stocks potential, but it did hit 0.91p on 05.02.04, so how far can it go with positive news????

Looks like this stock has recovered from the days weakness. Is this due to news or just people stocking up on while they are weak?

Is this stock going to keep falling? Is there light at the end of the tunnel?wHATS GOING ON CAN SOMEBODY HELP?

must admit this is a funny stock at present,just check the rise from 47.5 to 52.50p within a minute.at 4pm.

This stock seems to be hovering around 50p. Is this the true level for now? Certainly 80p seemed unsustainable without further developments. I suspect that for now this about right until more news comes out.

This stock is even gone down further by 8 pence today,which is 16% down from previous close ,is it time to sell or shall we still hold for couple of weeks or months?

ateeq180,

nobody here is probably qualified to answer that question, you really have to make your own decision.

IMHO the chart seems to have support at 38p, otherwise at a much lower level in the 20's. so I would certainly be keeping a very careful eye on the price over the next few days!

tomorrow could be interesting!

I don't see any inspiration at all in the charts!

Any ideas as to the big rise over the last 2 days?

yes....RNS expected anyday regarding the results of a testing in a diamond pipe. Results are expected to be good.....

Does anyone have any information regarding the possible tie up between De Vere and African Diamond?

JAHYTON76,

It's DE BEERS!

Today's Guardian commented on a RUMOUR about a conection between De Beers and AFD, but at this stage it is only a rumour reported in one newspaper.

andy, also brokers cazenove, tie up with de beers on the cards.

aldwickk,

Ok, but is it the same rumour from the same source, or did they source it independently?

IMHO, until it's hard fact, it remains a rumour!

good luck if you hold.

Could be big news out in the morning. (so I am told)

GF.