| ||Tue Sep 6, 2005|
Diamond Fields Reports Second Diamond Sale in 2005
| ||VANCOUVER, 6th September, 2005 - Diamond Fields International Ltd. (TSX:DFI) is pleased to announce its second diamond sale of the year consisting of 2,373 carats at an average price of US $ 196 per carat, for total gross proceeds of US $ 465,108.|
Gregg J. Sedun, President and CEO of Diamond Fields stated: "Clearly we are experiencing continued strong demand for Diamond Fields' high-quality Namibian product. For diamonds in the small size categories, the price was approximately 24 % higher than last year. The slightly lower price received for these diamonds compared to the US $ 203 per carat which the Company received for its previously-announced July sale is reflective of a smaller average diamond size in this sale parcel."
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.
"Gregg J. Sedun"
Gregg J. Sedun, President and Chief Executive Officer
For further information contact Investor Relations at (1.604.682.2113).
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
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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