Kopane Diamond Developments PLC
LSE : KDD

April 22, 2009 09:25 ET

Kopane Diamond Developments Plc: Board Change

                                                     
                                                     
                                               PRESS RELEASE
                                                     
                                      KOPANE DIAMOND DEVELOPMENTS Plc
                                                     
                                              (the "Company")
                                                     
                                               ANNOUNCEMENT
                                                     
22 April 2009

                                               Board Change

Kopane  Diamond  Developments Plc today announces that Anthony Williams has  resigned  from  the  Board  of
Directors with immediate effect to pursue other interests. Mr Williams has been a member of the Board since
the Company's inception in 2000 and is a former chairman. The Company thanks him for his services over many
years.

The Board of Directors announced on 30 March 2009 the placement of 50 million shares to raise £1.75 million
to  progress the Definitive Feasibility Study ("DFS") of the Main Pipe at Liqhobong and for working capital
purposes. As announced, further funds will be required to complete the DFS and finance the Company for  the
period following DFS completion until it is able to arrange funding for the Main Pipe construction project,
which is planned to take place by the end of 2010.

The Company has taken measures to conserve cash and these include the directors' agreeing to waive fees and
reduce  remuneration as a demonstration of their support of the Company at this time. In this  regard,  the
non-executive directors, Mr. Scolaro, Mr. Read, Mr. Doyle and Mr. Marlow have agreed to take no fees  until
completion of the DFS and the executive directors, Mr. Wittet, Mr Cable and Mr Birnie have agreed to reduce
their salaries. As a result of these reductions, total payments to directors have reduced by over 50%.

The Company announced on 17 November 2008 a substantially increased interim resource statement for the Main
Pipe which showed an indicative in-situ diamond value of $2.54 billion, consisting of 76 million tonnes  of
kimberlite  at an average grade of 39.1 carats per hundred tonnes at a run of mine value of $86 per  carat.
This is a 213% increase in the value of resource as published in the Pre-Feasibility Study in July 2007.

Processing  of some 1,800 tonnes of mini bulk samples, obtained from the wide diameter drilling  programme,
through  the  Company's  onsite  custom built 5 tonnes per hour dense media  separation  plant  is  nearing
completion. Diamond recovery results from these samples will allow a final resource statement to be issued,
estimated by the end of the second quarter 2009.

Diamond  production at the Company's 75% owned Satellite Plant at Liqhobong was suspended in December  2008
due  to substantial falls in prices available for its rough diamonds and the mine was placed on a care  and
maintenance footing. The Company continues to focus on completion of the DFS.



For further information contact:                    
Kopane Diamond Developments Plc                     Threadneedle Communications
Francesco Scolaro, Chairman                         Laurence Read/Graham Herring
James Cable, Finance Director                       +44 (0) 207 653 9850
+44 (0) 20 7963 9590

Canaccord Adams Limited
Robert Finlay
Mike Jones
+44 (0) 20 7050 6500

e-mail: ir@kopanediamonds.com
website: www.kopanediamonds.com
                                                     

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