| ||Mon Dec 24, 2007|
Appointment of New President and CEO
| ||Cape Town, December 24, 2007: Diamond Fields International Ltd. (DFI:TSX) ("DFI" or the "Company") is pleased to announce the appointment of Edward Wayne Malouf as a director and as President and Interim Chief Executive Officer effective January 1, 2008. This follows the announcement on October 2, 2007 that Roger Daniel is leaving the Company at the end of December 2007. The Company extends its appreciation to Mr. Daniel for his contributions over the past 6 ½ years, the last two of which he served as CEO. We wish him the best of luck in his future endeavors.|
Mr. Malouf received his B.A. and J.D. from St. Mary's University in Texas and his M.A. from the University of Chicago. In private practice for several years, Mr. Malouf has represented a number of mining companies. In 2002 he became chief executive officer of Sierra Rutile Limited, a subsidiary of Titanium Resources Group ("TRG"), a London AIM listed company (TRX), and one of the world's largest producer's of natural rutile. In that capacity and later as Executive Vice-Chairman of TRG, Mr. Malouf played a pivotal role in the successful restart of TRG's rutile and bauxite mining operations in Sierra Leone. Mr. Malouf has had an outstanding legal and business career and the DFI Board believes that his experience and proven track record strengthens the Company's management and will help usher DFI to its next stage of growth.
DIAMOND FIELDS INTERNATIONAL LTD.
Ian Ransome, Chief Operating Officer
For further information, contact Ian Ransome 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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