Notice of AGM

23 November 2012 Karelian Diamond Resources plc ("Karelian" or "the Company") Notice of Annual General Meeting Karelian announces that the Annual General Meeting of the Company is expected to be held at The Conrad Hotel, Earlsfort Terrace, Dublin 2 at 12.00 noon on 13 December 2012. Copies of the notice of Annual General Meeting have been posted to shareholders and are available on the Company's website www.kareliandiamondresources.com. Further Information: Professor Richard Conroy, Chairman, Karelian Tel: +353-1-661-8958 Diamond Resources plc Simon Clements/Virginia Bull, Merchant Securities Tel: +44-20-7628-2200 Limited (Nomad) Brian Farrell, IBI Corporate Finance Limited (ESM Tel: +353-7662-34800 Adviser) Karen Kelly/David Lawman , XCAP Securities PLC Tel: +44-20-7101-7070 (Broker) Michael Padley/Michael Spriggs, Lothbury Financial Tel: +44-20-3440-7620 Services Limited Don Hall, Hall Communications Tel: +353-1-660-9377 http://www.kareliandiamondresources.com