SYMBOL: DFI
CAPE TOWN, South Africa, May 4 /CNW/ - Diamond Fields International Ltd.
(TSX: DFI) ("DFI" or the "Company") is pleased to announce the result of its
latest sale of 95% gem quality diamonds recovered from its Namibian marine
operations. 2,630 carats of diamonds were sold in late April at an average
price of US$200.00 per carat for gross proceeds of US$526,149.
Roger Daniel, President and CEO of Diamond Fields commented: "This sale
again confirms the quality of DFI's marine diamond resource. The diamonds sold
in the latest parcel were mined in the Diaz Reef section of Diamond Fields'
licenses. The sale included 2 stones classified as 'fancy colours': a pink
stone weighing 0.45 carats and a light blue stone of 1.70 carats, which
combined, sold for a total of US$28,889 with the blue stone fetching a price
of US$16,434 per carat - a new record price per carat for diamonds recovered
from our Namibian project area."
Diamond Fields International Ltd. and Moydow Mines International Inc.
(TSX: MOY) (AIM: MOY) ("Moydow") announced in press releases dated March 1,
2006 that they had reached an agreement effective February 28th, 2006 (the
"Agreement") pursuant to which Moydow security holders will exchange their
Moydow securities for securities of Diamond Fields (the "Acquisition"). The
Acquisition is subject to various conditions as previously announced. Moydow,
like Diamond Fields, 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.
