KDR Karelian Diamond Resources Plc

                                                                  27 March 2015

                        Karelian Diamond Resources plc

                         ("Karelian" or "the Company")

                          Change of Registered Office

Karelian Diamond Resources plc (AIM: KDR; ESM: KDR.I), announces that it has
changed its registered office to 9 Merrion Square North, Dublin 2.

Further Information:

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

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

Elliot Hance/ Beaufort Securities Limited (Broker)          Tel: +44-20-7382-8416

Ger Heffernan/IBI Corporate Finance Limited (ESM Adviser)   Tel: +353-766-234-800

Michael Padley/ Lothbury Financial Services                 Tel: +44-20-3440-7620

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

Visit the website at: www.kareliandiamondresources.com