SYMBOL: DFI
VANCOUVER, Dec. 28 /CNW/ - Diamond Fields International Ltd. (TSX:DFI)
("DFI" or the "Company") announces that consistent with the planned relocation
of its Head Office to Cape Town, South Africa, the Company is pleased to
announce the appointment of Darren McDonald CMA, as interim Chief Financial
Officer, which becomes effective on December 31, 2005. Kenneth Hecker, CFO,
COO and Secretary of Diamond Fields will resign from the Company effective on
the same day. On behalf of the Board of Directors, Diamond Fields would like
to extend its appreciation to Mr. Hecker for his service, and wishes him the
best of luck in his future endeavors.
Mr. McDonald will guide the transition of DFI's head office from
Vancouver, B.C. to Cape Town, South Africa. He has served as DFI's Controller
since February of 2003 and is a Certified Management Accountant formerly of
Grant Thornton LLP and KPMG LLP. Upon leaving public practice, he joined
Diamond Fields as Controller and has been responsible for all aspects of the
Company's accounting and financial reporting.
The Company also reports that Inco Ltd. ("Inco") has advised DFI that it
does not plan further work on the Company's Ammassalik nickel project in East
Greenland. Inco completed a drill program on the property during the 2005
season to evaluate nickel showings and geophysical targets generated by DFI's
exploration in the previous two seasons. Results were not encouraging leading
Inco to its decision to withdraw before vesting and thereby retaining no
interest in the land package compiled by DFI. The Company is assessing its
data and the Inco report on the properties to determine if further exploration
is warranted.
Diamond Fields International Ltd. is an internationally active
exploration and mining company pursuing mineral exploration opportunities
worldwide. The Company's corporate strategy is to maximize cash flow from its
Namibian marine diamond concessions and systematically explore and develop its
international mineral exploration projects. In addition, the Company continues
to explore opportunities to acquire new economic mineral projects worldwide.
DIAMOND FIELDS INTERNATIONAL LTD.
"Roger Daniel"
Roger Daniel, President and Chief Executive Officer
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.
