BOTSWANA DIAMONDS PLC

Pre-Annual General Meeting Information • Dec 20, 2013

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RNS Number : 0387W

Botswana Diamonds PLC

20 December 2013

20 December 2013

Botswana Diamonds plc ("Botswana Diamonds" or the "Company")

Annual General Meeting ("AGM")

Set out below are highlights of the presentation to be made by John Teeling, Chairman of Botswana Diamonds at the Company's Annual General Meeting to be held today at 11 am at the Hilton London Paddington Hotel, 146 Praed Street, London W2 1EE.

An active exploration programme begins in Botswana in January 2014, focused on ground which is part of the 50/50 Alrosa joint venture.

₋           Four Alrosa geologists will be based in Botswana from early January 2014.

₋           Their first target is PL117, where they will initially identify drilling sites.

₋           Drilling should commence in March and take a month to complete.  The targets are diamondiferous kimberlites.  Drilling on the previously discovered AK10 kimberlite is likely.

₋           As part of the Alrosa joint venture, Botswana Diamonds has applied for additional ground which has been identified as prospective.  We await the award of concessions.

₋           Botswana Diamonds' own team of geologists is preparing a work plan for the 13 licence Brightstone block in the Gope area.  All available data has been reviewed and certain areas on the 6,500 sq km block highlighted.

₋           Our next step is geophysics and soil sampling in the priority areas.

₋           The recent financing has provided funding for the full 2014 exploration programme.

Enquiries:

Botswana Diamonds PLC
John Teeling, Chairman	+353 1 833 2833
Jim Finn, Director
Westhouse Securities Limited
Richard Baty	+44 (0) 20 7601 6100
Hugo Rubinstein
African Alliance Botswana Securities
Kabelo Mohohlo	+267 364 3954
Oratile Leburu	+267 364 3977
Blythe Weigh Communications	+44 (0) 20 7138 3204
Tim Blythe	+44 (0) 7816 924 626
Halimah Hussain	+44 (0) 7725 978 141
Camilla Horsfall	+44 (0) 7817 841 793

www.botswanadiamonds.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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