Diamond Fields appoints new President and Interim CEO

Diamond Fields International Ltd. announces the appointment of Edward Wayne Malouf as a director and as President and Interim Chief Executive Officer effective January 1, 2008. This follows the announcement on October 2, 2007 that Roger Daniel is leaving the Company at the end of December 2007. The Company extends its appreciation to Mr. Daniel for his contributions over the past 6 ½ years, the last two of which he served as CEO. We wish him the best of luck in his future endeavors.

Mr. Malouf received his B.A. and J.D. from St. Mary’s University in Texas and his M.A. from the University of Chicago. In private practice for several years, Mr. Malouf has represented a number of mining companies. In 2002 he became chief executive officer of Sierra Rutile Limited, a subsidiary of Titanium Resources Group (”TRG”), a London AIM listed company (TRX), and one of the world’s largest producer’s of natural rutile. In that capacity and later as Executive Vice-Chairman of TRG, Mr. Malouf played a pivotal role in the successful restart of TRG’s rutile and bauxite mining operations in Sierra Leone. Mr. Malouf has had an outstanding legal and business career and the DFI Board believes that his experience and proven track record strengthens the Company’s management and will help usher DFI to its next stage of growth.

South Africa based Diamond Fields International Ltd. is a marine diamond producer with a superior portfolio of mineral exploration properties in several areas of the world.

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