11 March 2016
Karelian Diamond Resources plc
("Karelian" or "the Company")
Change of Adviser
Karelian Diamond Resources plc (AIM: KDR; ESM: KDR.I), the diamond exploration
company focused on Finland, is pleased to announce that it has appointed
Allenby Capital Limited ("Allenby") as its nominated adviser. This decision has
been made in light of Allenby's acquisition of the corporate finance function
of the Company's previous nominated adviser, Sanlam Securities (UK) Limited,
and the Company's desire to retain continuity with one of its key advisers.
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For further information please contact:
Karelian Diamond Resources plc Tel: +353-1-661-8958
Professor Richard Conroy, Chairman
Allenby Capital Limited (Nomad) Tel: +44-20-3328-5656
Virginia Bull/Simon Clements
Beaufort Securities Plc(Broker) Tel: +44-20-7382-8300
Jon Bellis / Elliot Hance
IBI Corporate Finance Limited (ESM Adviser) Tel: +353-766-234-800
Ger Heffernan/Jan Fitzell
Lothbury Financial Services Limited Tel: +44-20-3290-0707
Michael Padley
Hall Communications Tel: +353-1-660-9377
Don Hall
Visit the website at: www.kareliandiamondresources.com
