Diamond Fields’s McOuat resigns; Moydow takeover update

Diamond Fields International Ltd.’s Jack McOuat has resigned as a

director of the company. Mr. McOuat has been a director of the company since

2004. The board of directors would like to thank Mr. McOuat for his excellent

contribution to the company over the last two years and wishes him well in the

future.

Diamond Fields International and Moydow Mines International Inc., as reported in Stockwatch news March 1, 2006, reached an agreement effective Feb. 28, 2006, pursuant

to which Moydow securityholders will exchange their Moydow securities for

securities of Diamond Fields. The acquisition remains

subject to various conditions as previously announced. Moydow, like Diamond

Fields, is engaged in mineral exploration and development worldwide.

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