Kopane Diamond Developments PLC

November 26, 2009 02:00 ET

Trading Update

                                               PRESS RELEASE
                                      KOPANE DIAMOND DEVELOPMENTS Plc
                                              (the "Company")
26 November 2009
                                              TRADING UPDATE

Kopane Diamond Developments Plc wishes to announce the following information to its shareholders.

Exclusivity Agreement
The  Company announced on 5 October 2009 that, following discussions regarding potential investment in  the
Liqhobong  Project,  an  Exclusivity Agreement, valid for a period of 60 days,  had  been  signed  with  an
established  mining company to allow them to review the project in more detail. The Company is  pleased  to
report  that  the  mining  company  wishes  to progress to terms and  that,  consequently,  the  period  of
exclusivity  has been extended to 15 December 2009 to allow time for both companies to advance discussions.
As noted previously, the Board of Kopane wishes to state that this may or may not lead to completion.

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

Matthew Robinson/Ed Frisby
+44 (0) 20 7600 1658

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

Contact Information

  • Kopane Diamond Developments PLC