VANCOUVER, June 22, 2005 – Diamond Fields International Ltd. (TSX:DFI) is pleased to announce that the mv DF Discoverer has commenced mining operations and is recovering diamonds on DFI’s marine diamond Mining License 111 near Luderitz, Namibia. The commissioning period, which began after the vessel’s departure from Luderitz, Namibia on May31, 2005, consisted of equipment and system tests and procedural training with the mining team.
Gregg J. Sedun, President and CEO of Diamond Fields stated: “The resumption of mining with the mv DF Discoverer is a historic moment for the Company as, for the first time, we are producing diamonds with our own vessel and retaining 100 % of diamonds mined. The extensive refit program on the DF Discoverer over the last several months was intended to increase the ship’s reliability and process efficiency. We look forward to demonstrating a successful operation.”
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).
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.