| ||Tue Oct 2, 2007|
Diamond Fields Board Changes
| ||Cape Town, October 2, 2007: Diamond Fields International Ltd. (DFI:TSX) ("DFI" or the "Company") announces further changes to its Board of Directors.|
Following the recent announcement that Ed Flood had agreed to join the DFI Board of Directors, the Company is pleased to announce the additional strengthening of its Board with the appointment of John Sisay as a director.
Mr. Sisay was born in Sierra Leone and completed his formal education in the United Kingdom where he graduated with a BA (Honours) degree from the University of London and later an MBA from the European Business School.
Mr. Sisay started his career working with De Beers in London. He also spent several years in the Democratic Republic of Congo in the New business division of America Mineral Fields (TSX:AMZ) (subsequently renamed Adastra Minerals Inc. and recently acquired by First Quantum Minerals Ltd.) whose main asset was the Kolwezi copper/cobalt tailings joint venture in that country.
Mr. Sisay, who is a director of Sierra Rutile Limited, was a senior member of the team responsible for bringing the highest grade natural rutile mine in the world (Sierra Rutile Ltd.) back into production. He was particularly involved and responsible for the successful conclusion of financing arrangements for the mine from the EU in Brussels and also involved in extensive negotiations with the Government of Sierra Leone in furtherance of the mine restart. The Sierra Rutile mine was subsequently consolidated within the Titanium Resources Group ("TRG") and admitted to the AIM exchange in London in August 2005 (AIM: TXR). In his current role as VP of Corporate Affairs for Sierra Rutile, Mr. Sisay is responsible for maintaining a close working relationship between the company and all of the Sierra Leone Government institutions, stakeholders, and international shareholders.
Mr. Sisay is also CEO of the TRG Foundation which is responsible for sustainable development programs for the local mining communities. Mr. Sisay is the president of the Sierra Leone Chamber of Mines and has also acted as an independent advisor to the Government of Sierra Leone on mining related matters.
The Company believes that Mr. Sisay's knowledge, experience and extensive contact network in the mining industry, particularly in Africa, (including West Africa where DFI has made gold and kimberlite discoveries as previously announced) will prove invaluable as it aggressively advances its diamond, gold and base metal assets in Liberia, Madagascar, Namibia and Zambia, as well as in its search for new high quality mineral projects.
Concurrent with this new appointment, Roger Daniel, DFI's President and CEO is standing down as a director of the Company. Mr. Daniel is relocating for personal reasons to Australia from Cape Town, South Africa where the Company is based, and is thus regretfully leaving the Company. He will be staying on as President and CEO until the year end, and thereafter will be available to DFI as a consultant to assist in the handover of responsibilities to the new CEO. The Company is actively seeking his replacement.
DIAMOND FIELDS INTERNATIONAL LTD.
"Roger J. Daniel"
Roger J. Daniel, President and CEO
For further information, contact Roger Daniel at +27 21 425 1990
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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