Karelian Diamond
Resources plc
(“Karelian Diamonds” or “the
Company”)
27 October 2017
DIAMOND
EXPLORATION PERMIT GRANTED / PROPOSED DATE OF AGM
- Exploration Permit Over Area which May Contain the Source of
Green Diamond Discovery
- 21 December 2017 Set as
Proposed Date of Annual General Meeting
Karelian Diamond Resources plc (“Karelian Diamonds”) (AIM: KDR,
ESM: KDRI), is pleased to announce that it has been informed that
TUKES (The Finnish Mining Authority) has granted Karelian Diamonds
an exploration permit in the Kuhmo region of Finland.
The permit covers an area of 601.68 ha surrounding the location
where the Company discovered a diamond in till (31 January 2017). The permit has been granted for
a period of four years. An exploration permit provides the holder
with an exclusive right to apply for a mining permit.
The Company also announces that 21
December 2017 has been set as the proposed date of its
Annual General Meeting. A notice convening the Annual General
Meeting will be posted to shareholders in due course.
Professor Richard Conroy, Chairman, Karelian Diamond
Resources plc commented:
“I am very pleased that we have been
granted an exploration permit surrounding the location of our
significant discovery of a green diamond and look forward to
continued results from the Company’s exploration programme in the
region.”
Further Information:
| Professor Richard
Conroy, Chairman, Karelian Diamond Resources plc |
Tel: +353-1-479-6180 |
| Virginia Bull /
James Thomas / Nick Harriss, Allenby Capital Limited
(Nomad) |
Tel: +44-20-3328-5656 |
| Ger Heffernan / Jan
Fitzell, IBI Corporate Finance Limited (ESM Adviser) |
Tel: +353-7662-34800 |
| Jon Belliss /
Elliot Hance, Beaufort Securities Limited (Broker) |
Tel: +44-20-7382-8300 |
| Michael Padley,
Lothbury Financial Services Limited |
Tel: +44-20-3290-0707 |
| Don Hall, Hall
Communications |
Tel: +353-1-660-9377 |
www.kareliandiamondresources.com