Mr. Sybrand van der Spuy reports

DIAMOND FIELDS ANNOUNCES COMPLETION OF STAGE II OF OFFSHORE MARINE DIAMOND OPERATIONS WITH IMDH

Diamond Fields International Ltd. has completed offshore marine diamond sampling operations on its Namibian concession ML-111 (see DFI press release dated Nov. 16, 2015). These operations conclude the execution of stage II of the company's agreement with International Mining and Dredging Holding (Pty.) Ltd. (IMDH), being the holding entity of the IMDH Group (see DFI press release dated June 5, 2015). IMDH has, with the execution of stage II of engagement, earned in to a 50-per-cent share ownership into DFI's Namibian subsidiary, Diamond Fields (Namibia) (Pty.) Ltd. The related transfer of shares, as well as final engagement on the rest of this agreement, is pending conclusion of a number of conditions currently being addressed in the due diligence process between the two parties.

MV The Explorer, the IMDH-operated exploration vessel, has, as part of the stage II engagements between DFN and IMDH, executed drill sampling operations (over a period from Nov. 11 to Dec. 7, 2015) of identified targets with the aim to confirm geophysical surveyed information in certain areas of the DFN concessions. Stage II concluded with completion of analyses and appraisals addressing the comprehensive set of sampling data gathered and of diamonds recovered during these sampling operations. On Feb. 4, 2016, the Namibian Governmental Diamond Valuator (GDV) confirmed that 221.55 carats were recovered during stage II. The outcome of this operation is seen as positive, and will form the basis for further sampling and bulk sampling operations under terms of the agreement before commencement of mining activities.

We seek Safe Harbor.