Public Companies

Trans Hex Group unilaterally suspended mining at Diamond Fields' Marshall Fork deposit and withdrew its vessel, leading Diamond Fields to declare the joint venture terminated as of July 5, 2002.

Diamond Fields received final OPIC approval for up to $15-million (U.S.) in debt financing to acquire the first of two planned mining vessels.

Diamond Fields recovered a 17-carat diamond from its Luderitz concession offshore Namibia, the largest stone found since its joint venture with Trans Hex began in May 2001.

Diamond Fields International filed notice to buy back up to one million common shares over the next 12 months starting June 7, 2002.

Diamond Fields reported its first-ever quarterly net income of $69,912 for the quarter ended March 31, 2002, versus a $1,125,550 net loss a year earlier.

Diamond Fields International said diamond prices from its Trans Hex Group joint venture sale rose 12 per cent quarter-over-quarter and nearly 40 per cent above October 2001 lows.

Diamond Fields International appointed Earl Young as director of investor relations.

Diamond Fields Inc. said diamond prices from its Trans Hex joint venture have risen almost 30 per cent since mid-October 2001 lows, with six-month operating profit of $392,993.

Diamond Fields International reported a second consecutive quarterly operating profit for its Marshall Fork diamond joint venture with Trans Hex for the quarter ended Dec. 31, 2001.

Diamond Fields reported January 2002 mining results from its Trans Hex joint venture on the western fork of Marshall fork offshore Namibia, with grades 170 per cent of feasibility estimates.