BOTSWANA DIAMONDS PLC

Regulatory Filings • Apr 11, 2013

National Storage Mechanism | Additional information

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RNS Number : 0718C

Botswana Diamonds PLC

11 April 2013

11 April 2013

Option Agreement on an additional prospecting licence - Save River, Mozambique

Botswana Diamonds (AIM:BOD) is pleased to announce that an additional licence has been added to the recently-signed option agreement with a Mozambican company, Morminas, a subsidiary of the EIP Group of Portugal. This now brings the total to three licence blocks that are being evaluated on the Save River in Mozambique, close to the Zimbabwean border.

The Save River runs south-eastwards and drains an area of Zimbabwe which contains the Marange diamond fields;  Marange itself is predicted to produce up to 16.9 million carats in 2013. Botswana Diamonds' objective is to explore the potential for alluvial and eluvial deposits which may have washed down from Marange.

The agreement stipulates a six-month exclusivity period during which Botswana Diamonds will review the available data on the licences and undertake preliminary exploration. Initial work has already commenced and a site visit has been scheduled. Should the analysis prove positive Botswana Diamonds will negotiate a long term agreement with Morminas.

John Teeling, Chairman, commented: "Acquiring this additional licence increases the scope of our prospective play close to the Marange diamond fields in Zimbabwe. The experience and knowledge gained already in Zimbabwe will be invaluable in identifying diamond prospects in the Save region. Our geologists are now reviewing all available data, and given the right results, Botswana Diamonds will negotiate a long term agreement. "

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Enquiries:

Botswana Diamonds PLC

John Teeling, Chairman                                                +353 1 833 2833

Robert Bouquet, Director                                            +32 477 228851

Westhouse Securities Limited

Richard Baty                                                                       +44 (0)20 7601 6100

Petre Norton

Keith Bayley Rogers & Co. Limited

Niall Pearson                                                                     +44 (0)20 3100 8139        

Hugh Oram                                                                         +44 (0)20 3100 8170

Blythe Weigh Communications                                 +44 (0)20 7138 3204

Tim Blythe                                                                          +44 (0) 7816 924626

Paul Weigh                                                                         +44 (0) 7989 129658

Robert Kellner                                                                  +44 (0) 7800 554377

Pembroke Communications

David O'Siochain                                                             +353 1 649 6486

www.botswanadiamonds.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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