(KDR) Karelian Diamond Resources

9 December 2011

Karelian Diamond Resources Plc

(the "Company")

Result of AGM

The Company announces that at the annual general meeting, held earlier today,
all resolutions were duly passed.

Further Information:

Professor Richard Conroy, Chairman, Karelian Tel: +353-1-661-8958
Diamond Resources plc

Simon Clements/Virginia Bull, Merchant Securities Tel: +44-20-7628-2200
Limited (Nomad)

Brian Farrell, IBI Corporate Finance Limited (ESM Tel: +353-1-637-7800
Adviser)

John Grant/Karen Kelly/David Lawman , XCAP Tel: +44-20-7101-7070
Securities PLC (Broker)

Michael Padley/Michael Spriggs, Lothbury Financial Tel: +44-20-7868-2010
Services Limited

Don Hall, Hall Communications Tel: +353-1-660-9377

http://www.kareliandiamondresources.com



END

9 December 2011

KARELIAN DIAMOND RESOURCES PLC

DIAMOND INDICATOR MINERALS AT RIIHIVAARA TARGET

* Positive basal till sampling results - Twelve garnet indicator minerals
recovered

* One grain determined to be eclogitic (G3) and one pyroxenitic (G4)

* Three G10 and five G9 diamond indicator minerals also recovered

Karelian Diamond Resources plc ("Karelian") (AIM: KDR, ESM: KDR.I) is pleased
to announce positive results from a basal till sampling programme on its
Riihivaara target in the Kuhmo area, near the Company's 6.9 hectare
diamondiferous Seitaperä kimberlite pipe in Eastern Finland. The results
suggest that a diamondiferous kimberlite pipe or dyke is likely to exist in the
Riihivaara area.

The till sampling programme at Riihivaara resulted in the recovery of twelve
garnet indicator minerals, comprising three G10's, five G9's, one G4, one G3
and two G1's. Six of the positive results, including the G4 pyroxenitic garnet
occurred within a single till sample. The adjacent sample had two positive
results, including the eclogitic G3 garnet.

These garnets and other mantle-derived minerals are used to locate kimberlites
and are referred to as kimberlite indicator minerals. Some of these garnets,
the G10's and certain G9's, are created under similar conditions to diamonds
within the ultramafic mantle rocks underlying the crust and are therefore used
as predictors of the presence of diamonds. There is a strong statistical
correlation between G10 and certain G9 garnets, like those found in Riihivaara,
and the presence of diamonds.

The sampling programme was undertaken on Karelian's behalf by the Geological
Survey of Finland (GTK) in conjunction with the Company's technical staff.
Sample analysis was undertaken in the GTK laboratories.

Dr. Hugh O'Brien, a diamond specialist with the GTK stated: "G3 (eclogitic) and
G4 (pyroxenitic) garnets are very unusual for eastern Finland. It is surprising
to find eclogite-derived grains in this area, because the kimberlites found to
date in the Kuhmo-Lentiira-Kostomuksha area are very poor in eclogite
component, being rather much more dominated by peridotite indicators."

Eclogite mantle material is significant as it tends to be associated with a
much higher grade of diamonds than peridotite mantle material.

Professor Richard Conroy, Chairman commented:

"I am very pleased with the latest sample results which show a strong
correlation with the presence of diamonds and the discovery of eclogitic
material which tends to be associated with higher diamond grades, both very
positive indicators."

This release has been approved by Kevin McNulty PGeo, who is a member of the
Company's technical staff, who holds a BSc/MSc in Geology and Remote Sensing,
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, Karelian Tel: +353-1-661-8958
Diamond Resources plc

Simon Clements/Virginia Bull, Merchant Securities Tel: +44-20-7628-2200
Limited (Nomad)

Brian Farrell, IBI Corporate Finance Limited (ESM Tel: +353-1-637-7800
Adviser)

John Grant/Karen Kelly/David Lawman , XCAP Tel: +44-20-7101-7070
Securities PLC (Broker)

Michael Padley/Michael Spriggs, Lothbury Financial Tel: +44-20-7868-2010
Services Limited

Don Hall, Hall Communications Tel: +353-1-660-9377

http://www.kareliandiamondresources.com



END

17 November 2011

Karelian Diamond Resources Plc

("KDR" or the "Company")

Final results for the year ended 31 May 2011

Karelian (AIM: KDR, ESM: KDRI), the diamond exploration company focused on
Finland, announces its results for the year ended 31 May 2011, a year of
significant progress with continued drilling success.

Highlights:

* Drilling programme at Seitaperä in Finland intersects kimberlite in all
five holes drilled

* Large zone of potentially diamond bearing mantle xenoliths in kimberlite
identified

* Scope and size of Seitaperä pipe further delineated

* Loss after taxation for the year of €187,261 (2010: loss of €173,081) in
line with expectations

Professor Richard Conroy, Chairman, stated:

"The excellent results from this season's drilling programme in Finland are
highly encouraging. Our objective remains to make a major diamond discovery in
Finland comparable to the world class discoveries already made on the Russian
side of the structure."

Further Information:

Professor Richard Conroy, Chairman, Karelian Tel: +353-1-661-8958
Diamond Resources plc

Simon Clements/Virginia Bull, Merchant Securities Tel: +44-20-7628-2200
Limited (Nomad)

Brian Farrell, IBI Corporate Finance Limited (ESM Tel +353-1-637-7800
Adviser)

John Grant/Karen Kelly/David Lawman , XCAP Tel: +44-20-7101-7070
Securities PLC (Broker)

Michael Padley/Michael Spriggs, Lothbury Financial Tel: +44-20-7868-2010
Services Limited

Don Hall, Hall Communications Tel: +353-1-660-9377

http://www.kareliandiamondresources.com

CHAIRMAN'S STATEMENT

I have pleasure in presenting your Company's Final Results for the year ended
31 May 2011. During the year your Company continued to progress its diamond
exploration programme in Finland. At Seitaperä in the Kuhmo region of Eastern
Finland your Company has delineated the largest known diamondiferous kimberlite
so far discovered in the country.

Drilling resumed at Seitaperä during the course of the year. The objective of
the drilling was to test the extent of the diamond-bearing kimberlite facies at
Seitaperä and the shape of the pipe to a depth of approximately 100 metres.

Post year end the results from the drilling at Seitaperä became available and
were announced on 3October 2011. Kimberlite was intersected in all five holes
drilled. A new large (52 metre) zone of potentially diamond bearing mantle
xenoliths in kimberlite was identified, and the scope and extent of the
Seitaperä diamondiferous kimberlite pipe further delineated.

The Seitaperä pipe, at 6.9 hectares, is the largest known kimberlite pipe in
Finland. Previous drilling by the Company resulted in the recovery of 67
diamonds from 100kg including six macrodiamonds and 61 microdiamonds, some of
which may be fragments of a larger diamond or diamonds which were present in
the mantle xenoliths and broke apart during processing. These findings suggest
that there is potential for larger diamonds in Seitaperä with the majority of
the kimberlite remaining untested. The discovery of another potentially diamond
bearing mantle rich kimberlite zone in the recent drilling is particularly
encouraging.

During the year your Company applied for and was awarded two further diamond
licences in the Kuhmo area. The licences cover known kimberlite bodies to the
North of the Seitaperä diamondiferous pipe. Your Board believes a reassessment
of the area is justified in view of the consistently good geochemistry and
diamondiferous results at Seitaperä.

The Company is also conducting exploration in other parts of Finland, based on
the results of the first review and integration of the extensive database,
including the results from over 53,000 till samples, which Rio Tinto has made
available to the Company under the terms of the Confidentiality Agreement
entered into with Karelian in July 2010.

Under the terms of the agreement, in consideration of Rio Tinto disclosing
confidential information to it, Karelian has agreed that Rio Tinto will have
the option to earn a 51 per cent. interest in any project identified by
Karelian in Finland by Rio Tinto paying the direct cash expenditures incurred
in developing the project subject to the following conditions:

1. For diamond projects the option will be triggered if Karelian completes 10
tons or more of bulk sampling for diamond exploration; and

2. For all other minerals the option will be triggered if Karelian discovers a
resource with an in situ value that is equal to or greater than the in situ
value of 3 million ounces of gold in a JORC compliant resource calculation.

The Rio Tinto Group is one of the largest mining companies in the world with
interests spanning aluminium, copper, diamonds, iron ore, coal, uranium, gold
and industrial minerals. Rio Tinto Diamonds is the third largest supplier of
diamonds in the world with diamond production ranging from the unique pink
diamonds of the Argyle mine in Australia to the spectacular whites of Diavik's
high value gemstones in Canada.

The confidential information and physical samples made available to Karelian
are a significant addition to your Company's knowledge base and mineral
exploration programme.

Financials

The loss after taxation for the year ended 31 May 2011 was €187,261 (2010: €
173,081) and the net assets as at 31 May 2011 were €4,652,829 (2010: €
3,621,349).

As in previous years, I have supported the working capital requirements of the
Company and in the period under review have advanced loans to the value of €
42,424 and the balance of the loans due to me at the period end was €1,107,373.
The loans have been made on normal commercial terms.

The other Directors consider, having consulted with the Company's Nominated
Adviser and the Company's ESM Adviser, that the terms of these loans are fair
and reasonable in so far as the Company's shareholders are concerned.

During the year £1,050,000 sterling prior to expenses, was raised by the issue
of 36,666,666 shares for cash.

Auditors

I would like to take the opportunity to thank the partners and staff of
Deloitte and Touche for their services to your Company during the course of the
year.

Directors, Consultants and Staff

I would also like to express my deep appreciation for the support and
dedication of the Directors, Consultants and Staff, which has made possible the
continued progress which your company has achieved.

Future Outlook

I am delighted with the results achieved to date by your Company whose
objective remains to make a major diamond discovery in the Karelian Craton in
Finland comparable to the world class discoveries already made on the Russian
side of the Craton.

Professor Richard Conroy

Chairman

16 November 2011

INCOME STATEMENT

FOR THE YEAR ENDED 31 MAY 2011

2011 2010

€ €

Operating expenses (110,020) (104,952)

Other Income - 5

OPERATING LOSS (110,020) (104,947)

Finance costs - Interest on shareholder loan (77,241) (68,134)

Loss Before Taxation (187,261) (173,081)

Taxation - -

Loss for the year (187,261) (173,081)

Loss per ordinary share (€0.0027) (€0.0028)

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2011

2011 2010

€ €

Assets

Non-current Assets

Intangible assets 5,760,090 5,250,016

Investment in subsidiaries 4 4

Property, plant and equipment 669 837

5,760,763 5,250,857

Current Assets

Trade and other receivables 12,536 24,875

Cash and cash equivalents 745,908 17,707

758,444 42,582

Total assets 6,519,207 5,293,439

Equity and Liabilities

Capital and reserves

Called up share capital 922,083 605,416

Share premium 4,621,158 3,801,202

Share based payments reserve 292,921 210,803

Retained earnings (1,183,333) (996,072)

Total equity 4,652,829 3,621,349

Non-current liabilities

Financial liabilities 1,107,373 1,033,967

Total non-current liabilities 1,107,373 1,033,967

Current liabilities

Trade and other payables 759,005 638,123

Total Current Liabilities 759,005 638,123

Total Liabilities 1,866,378 1,672,090

Total Equity and Liabilities 6,519,207 5,293,439

Cash Flow Statement

For the Year Ended 31 May 2011

2011 2010

€ €

Cash generated by operations 38,549 134,006

Tax paid - -

Net cash generated by operating activities 38,549 134,006

Cash flows from investing activities

Investment in exploration and evaluation assets (443,136) (299,213)

Net cash used in investing activities (443,136) (299,213)

Cash flows from financing activities

Issue of share capital 1,136,623 -

Shareholder loans 42,424 175,248

Interest paid (46,259) -

Net cash generated from financing activities 1,132,788 175,248

Increase in cash and cash equivalents 728,201 10,041

Cash and cash equivalents at beginning of year 17,707 7,666

Cash and cash equivalents at end of year 745,908 17,707

Notes to the Financial Statements

1. Publication of non-statutory accounts

The financial information set out in this preliminary announcement is
abbreviated from the accounts as defined in Section 19 of the Companies
(Amendment) Act 1986.

The financial information for the year ended 31 May 2011 have been extracted
from the Company's financial statements to that date which have received an
unqualified auditors' report but have not yet been delivered to the Registrar
of Companies.

2. Earnings per share

The calculation of the loss per ordinary share of €0.0027 (2010 - €0.0028) is
based on the loss for the financial year of €187,261 (2010 - €173,081) and the
weighted average number of ordinary shares in issue on a basic and fully
diluted basis during the year of 68,805,565 (2010 - 60,541,676).

The effect of share options and warrants is anti-dilutive.

3. Dividends

No dividends were paid or are proposed in respect of the year ended 31 May
2011.

4. Copies of Accounts

A copy of the Annual Report and Financial Statements, Notice of Meeting and
Proxy Form will be available on the Company's website
www.kareliandiamondresources.com and will be available from the Company's
registered office, 10 Upper Pembroke Street, Dublin 2. It will also be
forwarded to shareholders who requested a hard copy.



END

3 October 2011

KARELIAN DIAMOND RESOURCES PLC

Results from Seitaperä drilling

* New large (52 metre) zone of potentially diamond bearing mantle xenoliths
in kimberliteidentified

* Kimberlite intersected in all fivedrill holes

* Scope and extent ofSeitaperädiamondiferous kimberlite pipe further
delineated

Karelian Diamond Resources plc ("Karelian") (AIM: KDR, ESM: KDRI) is pleased to
announce the results of its summer drilling programme on its 6.9 hectare
diamondiferous Seitaperä pipe in Eastern Finland. Kimberlite was encountered in
all five holes drilled and a new large (52 metre) zone of mantle bearing
kimberlite intersected.

The new zone is particularly significant in that many of the diamonds
previously encountered in the Seitaperä pipe were also in mantle xenolith
material. Such material can contain high diamond counts as it is derived from
the earth's mantle where diamonds are formed.

It is approximately 120 metres from where mantle xenolith material was
previously encountered and is in a mica rich brown kimberlite whereas the
previous zone was black serpentinized kimberlite. There are also a number of
sections in the hole that had olivine xenocrysts present in the core which are
also derived from the diamond forming mantle.

The drill holes were all angled holes. They were drilled to a vertical depth of
between 85 and 150 metres. The combined kimberlite intersection from the five
holes was approximately 250 metres of kimberlite and approximately 41 metres of
kimberlite breccia. The drilling programme has added substantial further
information on the scope and extent of this large diamondiferous pipe in the
Company's licence area in Eastern Finland.

This release has been approved by Kevin McNulty PGeo, who is a member of the
Company's technical staff, who holds a BSc/MSc in Geology and Remote Sensing,
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.

Professor Richard Conroy, Chairman commented:

"We arevery pleased with theresults of thelatest drilling,particularlythe
discovery of a new mantle xenolith zoneadjacent to the previous mantle xenolith
zonewhichyielded 67 diamonds, sixof which were macrodiamonds,from a 100kg
sample.

"Wehavehad positive results from all five holesdrilled in this programmeand
havediscovered anotherpotentially diamond bearing mantle richkimberlite zone.
This ishighly encouraging."

Further Information:

Professor Richard Conroy, Chairman, Karelian Tel: +353-1-661-8958
Diamond Resources plc

Simon Clements/Virginia Bull, Merchant Securities Tel: +44-20-7628-2200
Limited (Nomad)

Brian Farrell, IBI Corporate Finance Limited (ESM Tel +353-1-637-7800
Adviser)

John Grant/Karen Kelly/David Lawman , XCAP Tel: +44-20-7101-7070
Securities PLC (Broker)

Michael Padley/Michael Spriggs, Lothbury Financial Tel: +44-20-7868-2010
Services Limited

Don Hall, Hall Communications Tel: +353-1-660-9377

http://www.kareliandiamondresources.com



END