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Re: News Release - Monday, May 26, 2008
Diamond Fields Begins Operations in Marshall Forks
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Vancouver, B.C., May 26, 2008: Diamond Fields International Ltd.
(DFI:TSX) ("DFI" or the "Company") Diamond Fields is pleased to
announce that its mining ship, the DF Discoverer, has arrived at the
Marshall Forks East region of DFI's exclusive license area and will
begin mining immediately. Commenting on the move, Wayne Malouf, Diamond
Field's CEO said, "DFI has been excited about the resource in Marshall
Forks. With the completion of the current phase of mining in the Dias
Reef joint operations area of DFI's ML 111 license, the marine team
believes it the right time to shift focus to Marshall Forks, where the
Company has exclusive rights."
Diamond Fields and Bonaparte Diamond Mines NL (ASX code BON) jointly
announce that they have completed the current phase of joint mining
operations in the Dias Reef joint operations area within DFI's MIL111
mining license. Despite record sales prices and some recent vessel
operating improvements achieved by the marine team, sharp increases in
fuel and certain other supplies have led the parties to conclude that
the economic return of mining the resources so far identified within
the joint operation area does not warrant moving into the next phase of
joint operations. Additional resources in the joint operations area
will be available for future mining should the economics warrant.
Diamond Fields' offshore Namibian mining licenses cover an area of
approximately 719 square kilometres, of which approximately 708.8 sq.
kilometres, or 98.5 percent, is outside the ML 111 joint venture area
DIAMOND FIELDS INTERNATIONAL LTD.
"Wayne Malouf"
Wayne Malouf, Chief Executive Officer
For further information, contact Susan Telford or Wayne Malouf at 604
718 2800 (Ext. 26)
Website: www.diamondfields.com
Forward-Looking Statements:
Statements in this release that are forward-looking statements are
subject to various risks and uncertainties concerning the specific
factors identified in diamond fields' periodic filings with canadian
securities regulators. Such forward-looking information represents
management's best judgment based on information currently available. No
forward-looking statement can be guaranteed and actual future results
may vary materially. Diamond fields does not assume the obligation to
update any forward-looking statement.
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Copyright (c) 2008 DIAMOND FIELDS INTERNATIONAL LTD. (DFI) All rights
reserved. For more information visit our website at
http://www.diamondfields.com/ or send mailto:enquire@diamondfields.com
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