(Vancouver, B.C.) – Diamond Fields International Ltd. (DFI: TSX-V) (“DFI” or the “Company”) announces that it is terminating its agreement with Afri-Can Marine Mineral Corporation (AFA) regarding the Company’s Namibian marine diamond concessions (see Press Release dated March 21, 2013). The Company will now develop the properties independently, and is planning a resource development program with the aim of recommencing mining before the end of 2015. DFI expects the first marine survey work to commence in October 2014.
Ian Ransome, President and CEO of DFI stated: “We have identified a number of potential resource targets on the concessions, which we now intend to fully explore. We are extremely excited about the future prospects for this project”.
ON BEHALF OF THE BOARD:
SIGNED: “Ian Ransome”
Ian Ransome, Chief Executive Officer
For further information, contact Ian Ransome at +1 604 685 9911.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.