Cape Town, South Africa, January 22, 2008: Diamond Fields International Ltd. (DFI:TSX) (“DFI” or the “Company”) is pleased to announce that Edward Wayne Malouf has been appointed Chairman of the Board, effective January 17, 2008. The election follows Mr. Malouf’s appointment as interim President and CEO of the Company in December.
Mr. Malouf received his B.A. and J.D. from St. Mary’s University of San Antonio, 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 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.
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.