Brazilian Diamonds Limited

                         TSX Listing Review

Brazilian Diamonds Limited  (BDY) ("the Company")  announces that  it
has been notified by  the Toronto Stock Exchange  ("TSX") that it  is
reviewing the  eligibility for  continued  listing of  the  Company's
shares on the  TSX.  The review  is being conducted  under the  TSX's
Remedial Review Process pursuant to which the Company has been  given
until June  26,  2009  to satisfy  the  TSX  that it  meets  all  TSX
requirements for  continued  listing,  failing  which  the  Company's
shares will be delisted as of July 26, 2009.
The Company  is therefore  considering its  options in  this  regard,
which include  applying for  a transfer  of its  listing to  the  TSX
Venture Exchange  or having  its listing  on the  AIM market  of  the
London Stock Exchange continue as  the Company's sole market for  its
shares and anticipates a definitive decision on the Company's  course
of action being made well in advance of the TSX deadline.

Enquiries:

Kenneth P. Judge, Chairman
Tel: + 44-7733 001 002

Stephen Fabian, President & CEO
Tel: + 55-31- 9186 4660

Jon Bey, Investor Relations
Tel: 1-866-689-2599
Email: jbey@braziliandiamonds.com

Hanson Westhouse Limited
Tim Feather / Matthew Johnson
Tel: + 44 113 246 2610

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