SYMBOL: DFI
CAPE TOWN, South Africa, April 18 /CNW/ - Diamond Fields International
Ltd. (TSX: DFI) ("DFI" or the "Company") announced that it has filed today
with applicable Canadian securities regulators through the SEDAR website an
updated technical report dated March 30, 2006 entitled "The Marine Alluvial
Diamond Properties ML 111, EPL 1607 A & B and ML 32, Luderitz, Namibia"
prepared by R.H. De Decker of De Decker and Associates Consulting Services.
The technical report was prepared under National Instrument 43-101 and relates
to the Company's marine alluvial diamond mining and exploration properties off
the coast of Luderitz, Namibia.
The updated report comments upon mining undertaken in Mining Licence
ML111 since November 2002, as a result of mining operations by contractors,
joint ventures and with DFI's own vessel. DFI acquired its vessel in late 2004
and the report comments on commercial and technical aspects specific to this
vessel.
A copy of the technical report may be obtained under the Company's
profile at www.sedar.com.
The technical report was prepared in connection with the proposed merger
between DFI and Moydow Mines International Inc. ("Moydow"), as announced in
press releases dated March 1, 2006, whereby DFI and Moydow stated they had
reached an agreement effective February 28, 2006 pursuant to which Moydow
security holders will exchange their Moydow securities for securities of DFI.
The transaction is subject to various conditions as previously announced.
Moydow, like DFI, is engaged in mineral exploration and development worldwide.
DIAMOND FIELDS INTERNATIONAL LTD.
"Roger J. Daniel"
Roger J. Daniel, President and CEO
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.
