Gemfields Resources Plc

Holdings in Company

21 November 2008

Gemfields Resources Plc ("Gemfields" or "the Company", Ticker "GEM") received
notification dated 18 November 2008 that Rox Limited, following acquisitions,
has a notifiable interest in 200,203,596 of the Company's ordinary 1p shares,
amounting to approximately 61.8% of the Company's issued share capital.

Enquiries:

Richard James, CFO Tel: +44 (0)20 7016 9416

Gemfields Resources Plc

Mike Jones/Tarica Mpinga Tel: +44 (0)20 7050 6500

Canaccord Adams Ltd

Nominated Adviser and Joint Broker to Gemfields

Press Enquiries

Charlie Geller/Ed Portman Tel: +44 (0)20 7429 6666

Conduit PR




END
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