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5 August 2008

KimCor Diamonds plc

('KimCor' or the 'Company')

Diamond Sales

KimCor (AIM: KIM), the AIM quoted diamond mining company is pleased to provide an update on the Company's recent diamond sale. 

HIGHLIGHTS

• 10,023.55 carats of diamonds recovered and sold for a total of US$708,181.95 representing an average sales value of US$70.65 per carat;

• SMI4 production totaling 7,868.71 carats sold for US$558,874 representing an average sales value of US$71 per carat;

• SMI4 production included a number of larger stones recording excellent prices including individual stones weighing 24.45ct, 10.16ct, 9.65ct, 9.57ct, 7.91ct and 6.63ct returning sales values of US$166,260, US$10,363, US$12,303, US$10,981, US$8,068 and US$14,088 respectively;

• Newlands production totaling 1,278.45 carats sold for US$104,857 representing an average sales value of US$82 per carat;

• Newlands production included a number of larger stones including individual stones weighing 4.25ct, 3.14ct and 2.80ct returning sales values of US$4,826, US$2,620 and US$2,270 respectively;

• Blaauwbosch tailings processing produced a total of 876.39 carats sold for US$44,449 at an average sales value of US$50.70 per carat;

• As at 31 July 2008 a further 4,330 carats remain in inventory, which will be held for future tender.

Martyn Churchouse, CEO of KimCor commented 'These sales results are encouraging particularly for the SMI4 tailings operation, where the excellent recoverable grades combined with above expectation sales values bodes well for the expansion of the operation.'

Enquiries:

KimCor Diamonds plc                             Tel: 020 3178 6179

Martyn Churchouse

Strand Partners                                         Tel: 020 7409 3494

Simon Raggett

Warren Pearce

Victoria Milne-Taylor

Bishopsgate Communications Ltd       Tel: 020 7562 3350

Maxine Barnes

Nick Rome

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