Vancouver, British Columbia--(Newsfile Corp. - January 22, 2019) - Diamond Fields Resources Inc. (TSXV: DFR)
("DFR" or the "Company") is pleased to announce the shipment of a 22,166.81 carat parcel of gross weight unpolished rough diamonds
as endorsed by the Namibian Ministry of Mines and Energy.
The diamonds, which were recovered from the ML111 licence offshore Namibia between December 6, 2018 and January 11, 2019, have
been shipped to Europe for independent valuation, processing and final sorting (whereby they will be mixed with those previously
shipped in December) in preparation for sale during February 2019.
In total, 47,318.41 carats of diamond were exported from Namibia, after 65 days of mining between November 10, 2018 and January
13, 2019 ("the Period").
As per the announcement of October 3 2018, DFR will now commence a review of operational performance during the Period with
International Mining and Dredging Holdings (Pty) Limited, which operated the campaign via its subsidiary NUTAM Operations (Pty)
Ltd.
Information obtained during the Period will be used to determine the future mine plan in order to optimize potential returns
from the ML111 resource. The remainder of the initial six months (non-continuous) mining program is expected to resume later in
2019.
DIAMOND FIELDS RESOURCES INC.
SIGNED: "Sybrand van der Spuy"
Sybrand van der Spuy, CEO and Director
Contact: +27 78 4558700
Michael Oke/Andy Mills: +44 20 7321 0000
Aura Financial LLP: www.aura-financial.com
Notes to Editors:
DFR is a TSX Venture Exchange listed exploration and mine development company with assets in Madagascar and Namibia. In
Madagascar, DFR is developing the Beravina Project, an advanced high grade hard rock zircon exploration prospect located in the
west of the country, approximately 220km east of the port of Maintirano and near a state road. In Namibia, International Mining and
Dredging Holdings (Pty) Limited is undertaking an initial six month (non-continuous) offshore diamond mining program on DFR's ML
111 licence area. The ML 111 concession has a ten year mining licence, effective until 4 December 2025, and lies within Luderitz
Bay between Diaz Point in the south and Marshall Rocks in the north and at depths of 15 to 70 metres.
Website: www.diamondfields.com
The Company's public documents may be accessed at www.sedar.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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 the Company's 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. The Company does not assume the obligation to update any forward-looking statement,
except as otherwise required by law.
