KARELIAN DIAMOND RESOURCES PLC

Board/Management Information • Mar 11, 2016

National Storage Mechanism | Additional information

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KARELIAN DIAMOND RESOURCES PLC - Change of Adviser

PR Newswire

London, March 11

                                                              11 March 2016                        Karelian Diamond Resources plc                         ("Karelian" or "the Company")                               Change of AdviserKarelian Diamond Resources plc (AIM: KDR; ESM: KDR.I), the diamond explorationcompany focused on Finland, is pleased to announce that it has appointedAllenby Capital Limited ("Allenby") as its nominated adviser. This decision hasbeen made in light of Allenby's acquisition of the corporate finance functionof the Company's previous nominated adviser, Sanlam Securities (UK) Limited,and the Company's desire to retain continuity with one of its key advisers.                                    - ends -For further information please contact:Karelian Diamond Resources plc                          Tel: +353-1-661-8958Professor Richard Conroy, ChairmanAllenby Capital Limited (Nomad)                         Tel: +44-20-3328-5656Virginia Bull/Simon ClementsBeaufort Securities Plc(Broker)                         Tel: +44-20-7382-8300Jon Bellis / Elliot HanceIBI Corporate Finance Limited (ESM Adviser)             Tel: +353-766-234-800Ger Heffernan/Jan FitzellLothbury Financial Services Limited                     Tel: +44-20-3290-0707Michael PadleyHall Communications                                     Tel: +353-1-660-9377Don HallVisit the website at: www.kareliandiamondresources.comEND