KARELIAN DIAMOND RESOURCES PLC - Kimberlitic Indicator Minerals Recovered at Havukkasuo

13 November 2014


            KIMBERLITIC INDICATOR MINERALS RECOVERED AT HAVUKKASUO

  * High Concentrations Of Kimberlitic Indicator Minerals At Havukkasuo

  * Two Samples Each Reported Over 100 Kimberlitic Indicator Minerals

  * Results Imply A Previously Unknown Extension of the Havukkasuo Kimberlite
    Body

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Karelian Diamond Resources plc ("Karelian") (AIM: KDR, ESM: KDRI), the diamond
exploration company focused on Finland, is pleased to announce the recovery of
high concentrations, for the Karelian Craton, of Kimberlitic Indicator Minerals
in basal till samples collected from its Havukkasuo claim area in the Kuhmo
region of Finland.

Two of the basal till samples each returned over 100 Kimberlitic Indicator
Minerals. One of these samples was collected over the known kimberlite body at
Havukkasuo. The other was collected approximately 150 metres away from the
known kimberlite body and potentially indicates a previously unknown extension
of the Havukkasuo kimberlite body. Two further basal till samples collected in
the area also returned positive results.

Laboratory results from the samples collected included 143 Purple to Red
peridotitic garnets (G9/10 Cr-pyrope) and 39 Orange mantle garnets, between
0.25 and 0.5mm in size, plus a further 7 Purple to Red peridotitic garnets (G9/
10 Cr-pyrope) and 2 Orange mantle garnets, between 0.5 and 1.0mm in size, as
well as numerous Chromite grains.

G9/10 garnets are considered noteworthy as they are formed at the same
temperatures and pressures as diamonds. Orange mantle garnets can include
eclogitic pyrope-almandine garnets (G3) and if eclogite mantle materials are
present it is significant, as this tends to be associated with richer diamond
grades. The garnets will be tested to establish whether eclogite mantle
materials are present.

The Havukkasuo claim area is located Northwest of Seitaperä where the Company
has outlined the largest diamondiferous kimberlite pipe yet discovered in
Finland.

This release has been approved by Kevin McNulty PGeo, who is a member of the
Company's technical staff, who holds a BSc/MSc in Geology and Remote Sensing,
in accordance with the guidance note for Mining, Oil & Gas Companies issued by
the London Stock Exchange in respect of AIM Companies, which outlines standards
of disclosure for mineral projects.

Professor Richard Conroy, Chairman commented:

"I am delighted with thecontinuing successful progress in our diamond
exploration in the Kuhmo region of Finland. The results from Havukkasuo could
indicate a very interesting prospect that has not previously been tested. "

Further Information:

Professor Richard Conroy, Chairman, Karelian       Tel: [phone]
Diamond Resources plc

Virginia Bull / Simon Clements, Sanlam Securities  Tel: [phone]
UK Limited (Nomad)

Ger Heffernan, IBI Corporate Finance Limited (ESM  Tel: [phone]
Adviser)

Jon Belliss/Abigail Wayne, Hume Securities PLC     Tel: [phone]
(Broker)

Michael Padley, Lothbury Financial Services        Tel: [phone]
Limited

Don Hall, Hall Communications                      Tel: [phone]

http://www.kareliandiamondresources.com