Source - PRN

17 April 2018

Karelian Diamond Resources plc

(“Karelian” or “the Company”)

Holding in Company

Karelian Diamond Resources plc (“Karelian”) (AIM: KDR), announces that it was informed today that Richard Taberner is now interested in 1,405,000 ordinary shares of €0.00025 in the capital of the Company, equal to 6.01 per cent. of Company’s issued ordinary share capital.

Further Information:

Professor Richard Conroy, Chairman, Karelian Diamond Resources plc           Tel: +353-1-479-6180
Virginia Bull / Nick Harriss, Allenby Capital Limited (Nomad)           Tel: +44-20-3328-5656
Jonathan Evans, Brandon Hill Capital           Tel: +44-20-3463-5000
Michael Padley, Lothbury Financial Services           Tel: +44-20-3290-0707
Don Hall, Hall Communications           Tel: +353-1-660-9377

www.kareliandiamondresources.com