Gemfields Resources Plc

Holdings in Company

22 December 2006

Gemfields Resources Plc ("Gemfields" or "the Company", Ticker "GEM") received
notification dated 21 December 2006 that, following acquisitions, Capital
Research and Management Company has a notifiable interest in 6,816,000 of the
Company's ordinary 1p shares, amounting to approximately 6.52% of the Company's
issued share capital. The registered holder of these shares is State Street
Nominees Limited.

For more information:

Peter Kitchen, CEO peter.kitchen@gemfields.co.uk

Richard James, CFO richard.james@gemfields.co.uk

Gemfields Resources Plc Tel: +44 (0)20 7016 9416

Laurence Read/ Leesa Peters Tel: +44 (0) 207 429 6605

Conduit PR Mob: +44 (0) 7974 982 512





END
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