Lapland Diamond Exploration Claim Reservations Granted

4 June 2014 Lapland Diamond Exploration Claim Reservations Granted * Three Claim Reservations granted in the Lapland region of Finland * Kimberlite Indicator Minerals recovered in all three areas __________________________________________________________________________________ Karelian Diamond Resources plc ("Karelian" or the "Company") (AIM: KDR, ESM:KDRI), the diamond exploration company focused on Finland, is pleased toannounce that TUKES (The Finnish Mining Authority) has granted Karelian threeexploration Claim Reservations in the Lapland region. Interrogation of airborne geophysics in the region by the Company, togetherwith till sampling and integration of data made available to Karelian under itsagreement with Rio Tinto Mining and Exploration Limited, led to the decision toapply for Claim Reservations in the area. A Claim Reservation grants exclusiverights to apply for exploration claims within the reservation area. In all three areas kimberlitic indicator minerals were recovered. Lapland is the largest and northernmost region of Finland. It liespredominantly within the Arctic Circle and borders Sweden, Norway and Russia.Lapland also forms part of the Archean bedrock of the Karelian Craton, theRussian sector of which has already yielded two world class diamonddiscoveries. The new Claim Reservations are a further addition to Karelian'sdiamond exploration programme which has already delineated, at Seitaperä in theKuhmo region, the largest known diamondiferous kimberlite in Finland. Professor Richard Conroy, Chairman commented: "I am delighted that these additional Claim Reservationswere granted, all ofwhich are considered to have potential for diamonds. TheCompany'sexplorationprogrammeisdesigned to find diamond deposits similar to theworld class onesfound in similar geology across the border in Russia." This release has been approved by Andrew Murrells PGeo, a member of theCompany's technical staff, who holds a BSc in Earth Science, in accordance withthe guidance note for Mining, Oil & Gas Companies issued by the London StockExchange in respect of AIM Companies, which outlines standards of disclosurefor mineral projects. Further Information: Professor Richard Conroy, Chairman, Tel: +353-1-661-8958Karelian Diamond Resources plc Virginia Bull /Simon Clements, Tel: +44-20-7628-2200Sanlam Securities UK Limited (Nomad) Ger Heffernan, Tel: +353-7662-34800IBI Corporate Finance Limited (ESM Adviser) Jon Belliss/Abigail Wayne,Hume Securities PLC (Broker) Tel: +44-20-3693-1493 Michael Padley, Tel: +44-20-3440-7620Lothbury Financial Services Limited Don Hall, Hall Communications Tel: +353-1-660-9377

http://www.kareliandiamondresources.com