Admission to AIM

DiamonEx Limited ABN 26 091 951 978 Level 1 349 Coronation Drive Milton QLD 4064 Australia P: +61 7 3720 8944 F: +61 7 3720 8988 e-mail: Postal Address: PO Box 1357 Milton QLD 4064 29 October 2007 LISTING ON ALTERNATIVE INVESTMENT MARKET DiamonEx Limited is pleased to announce the commencement of trading on the AIM of the London Stock Exchange. Managing Director, Dan O'Neill said "With Lerala Diamond Mine approaching production, we look forward to the London AIM listing improving share trading access for international institutional investors that appreciate investment opportunities presented by diamond producers in African countries and Botswana in particular." The Company has appointed Australian based group RFC Corporate Finance Ltd as its Nominated Adviser and London broker, Fox-Davies Capital Limited is acting as the Company's AIM Broker. The Company's ordinary shares will continue to be listed on the Australian Securities Exchange (ASX) and the Botswana Stock Exchange (BSE). Shareholders can trade their shares on these exchanges or AIM, but before doing so, will need to transfer their shares onto the relevant share registry and establish an account with an appropriate stockbroker. The Company and its share registrar can provide further details on such procedures to interested shareholders. For further information, contact: Dan O'Neill (Managing Director) Greg King (Chairman) +61 7 37208944 (Office) +61 7 37208944 (Office) +61 7 37208988 (Fax) +61 7 37208988 (Fax) +61 407596942 (Mobile) +61 411473730 (Mobile) (Email) (Email) Will Souter Richard Hail RFC Corporate Finance Ltd (Nomad) Fox-Davies Capital Ltd (AIM Broker) Tel: +612 9250 0050 Telephone: +44(0) 20 7936 5200 Email: Email: About DiamonEx Limited: The Company's main activity is taking into production the Botswana based Lerala Diamond Mine Project ("Lerala") and the exploration of other prospective diamondiferous areas for the purpose of identifying diamond reserves. DiamonEx is a Brisbane, Australia-based specialist diamond company planning to develop a diamond mine based on an established 3.7 million carat resource at Lerala (owned 100% by DiamonEx) which is situated within a region of Botswana and adjacent South Africa that produces 35% of the world's rough diamond production. The Lerala mine is currently under development and the Company's plan is to be in production by the 1st quarter of 2008 at an anticipated production of 327,000 carats per annum. ---END OF MESSAGE---