Diamond Fields International Ltd. – Appointment of New President and CEO

Diamond Fields International

Ltd. is appointing Edward Wayne Malouf as a director and as president and interim chief

executive officer effective Jan. 1, 2008. This follows the announcement in the company’s news release in Stockwatch on

Oct. 2, 2007, that Roger Daniel is leaving the company at the end of

December, 2007. The company extends its appreciation to Mr. Daniel for his

contributions over the past 6-1/2 years, the last two of which he served as

CEO. The company wishes him the best of luck in his future endeavours.

Mr. Malouf received his BA and JD from St. Mary’s University in Texas

and his MA from the University of Chicago. In private practice for several

years, Mr. Malouf has represented a number of mining companies. In 2002, he

became CEO of Sierra Rutile Ltd., a subsidiary of

Titanium Resources Group, a London-AIM-listed company, and one

of the world’s largest producer’s of natural rutile. In that capacity and

later as executive vice-chairman of TRG, Mr. Malouf played a pivotal role in

the successful restart of TRG’s rutile and bauxite mining operations in Sierra

Leone. Mr. Malouf has had an outstanding legal and business career and the DFI

board believes that his experience and proven track record strengthens the

company’s management and will help usher DFI to its next stage of growth.

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