Kennady Diamonds Recovers 436 tonne Kelvin Bulk Sample: Intersects 76 meters of Kimberlite at Faraday

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TSX-V: KDI

TORONTO, April 9, 2015 /CNW/ - Kennady Diamonds Inc. ("Kennady Diamonds", the "Company") (TSX-V: KDI) is pleased to announce the completion of the Kelvin 2015 bulk sample. A total of approx. 436 tonnes of kimberlite was recovered using two large diameter reverse circulation drill rigs. The bulk sample will be processed at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council ("SRC"), which is accredited to the ISO/IEC 17025 standard by the Standards Council of Canada as a testing laboratory for diamond analysis. Diamond recovery results are expected by mid-2015.

Kennady Diamonds CEO Patrick Evans commented: "Early closing of the ice road resulted in us achieving slightly less than our original 500 tonne target, but we are satisfied with the result of our first bulk sample at Kennady North. Excellent ice road conditions enabled all the diamond mines to complete deliveries last week. The Kelvin bulk sample drills had to be withdrawn prior to closing of the ice road which meant that drilling had to be stopped earlier than expected. Based on diamond recovery results to date, we expect to recover approximately 1,000 carats from the bulk sample."

Kennady Diamonds is also pleased to announce that kimberlite has been intersected over approx. 76 meters in Faraday 2 delineation drill hole KDI-15-007.  The Faraday 2 pipe-like body has now been defined over a strike length of approx. 130 meters from southeast to northwest and appears to be increasing in volume on strike to the northwest.

Table 1 below provides details of latest Faraday 2 drill results.

Table 1
Faraday 2015 Spring Drill Program

*Intercepts in sub-vertical holes not true widths
**Includes minor country rock intercepts

Following the completion of the Kelvin bulk sample two further core drill rigs are being mobilized. One drill rig has commenced further drilling at the Kelvin kimberlite and the other is preparing to commence drilling at Faraday 1. Further details will be provided shortly.

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About Kennady Diamonds
Kennady Diamonds Inc. controls 100 percent of the Kennady North project which comprises thirteen leases and claims located immediately to the north and west of the four leases controlled by the Gahcho Kué Joint Venture between De Beers Canada (51%) and Mountain Province (49%) located in Canada's Northwest Territories.

Kennady Diamonds aims to identify a resource along the Kelvin – Faraday kimberlite corridor of between a 10 and 13 million tonnes at a grade of between 2 and 2.5 carats per tonne and also to identify new kimberlites outside of the corridor. The Kelvin – Faraday corridor is a target for further exploration. The tonnage estimate is based on the drilling completed to date. The potential quantity is conceptual in nature as there has been insufficient drilling to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

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Qualified Person
This news release has been prepared under the supervision of Carl G. Verley, P.Geo., who serves as the qualified person under National Instrument 43-101.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING INFORMATION

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the Company's strategic plans, future operations, future work programs and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE Kennady Diamonds Inc.