4 June 2014
Lapland Diamond Exploration Claim Reservations Granted
* Three Claim Reservations granted in the Lapland region of Finland
* Kimberlite Indicator Minerals recovered in all three areas
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Karelian Diamond Resources plc ("Karelian" or the "Company") (AIM: KDR, ESM:
KDRI), the diamond exploration company focused on Finland, is pleased to
announce that TUKES (The Finnish Mining Authority) has granted Karelian three
exploration Claim Reservations in the Lapland region.
Interrogation of airborne geophysics in the region by the Company, together
with till sampling and integration of data made available to Karelian under its
agreement with Rio Tinto Mining and Exploration Limited, led to the decision to
apply for Claim Reservations in the area. A Claim Reservation grants exclusive
rights to apply for exploration claims within the reservation area.
In all three areas kimberlitic indicator minerals were recovered.
Lapland is the largest and northernmost region of Finland. It lies
predominantly within the Arctic Circle and borders Sweden, Norway and Russia.
Lapland also forms part of the Archean bedrock of the Karelian Craton, the
Russian sector of which has already yielded two world class diamond
discoveries. The new Claim Reservations are a further addition to Karelian's
diamond exploration programme which has already delineated, at Seitaperä in the
Kuhmo region, the largest known diamondiferous kimberlite in Finland.
Professor Richard Conroy, Chairman commented:
"I am delighted that these additional Claim Reservationswere granted, all of
which are considered to have potential for diamonds. The
Company'sexplorationprogrammeisdesigned to find diamond deposits similar to the
world class onesfound in similar geology across the border in Russia."
This release has been approved by Andrew Murrells PGeo, a member of the
Company's technical staff, who holds a BSc in Earth Science, in accordance with
the guidance note for Mining, Oil & Gas Companies issued by the London Stock
Exchange in respect of AIM Companies, which outlines standards of disclosure
for mineral projects.
Further Information:
Professor Richard Conroy, Chairman, Tel: +353-1-661-8958
Karelian Diamond Resources plc
Virginia Bull /Simon Clements, Tel: +44-20-7628-2200
Sanlam Securities UK Limited (Nomad)
Ger Heffernan, Tel: +353-7662-34800
IBI Corporate Finance Limited (ESM Adviser)
Jon Belliss/Abigail Wayne,
Hume Securities PLC (Broker) Tel: +44-20-3693-1493
Michael Padley, Tel: +44-20-3440-7620
Lothbury Financial Services Limited
Don Hall, Hall Communications Tel: +353-1-660-9377
http://www.kareliandiamondresources.com