Karelian Diamond Res. – Publication of shareholder circular and notice of EGM

Karelian Diamonds (AIM: KDR), the diamond exploration company, announces that the Company has published a shareholder circular and notice of extraordinary general meeting in relation to resolutions to remove certain existing directors of the Company, being Professor Richard Conroy, Maureen Jones, Seamus FitzPatrick, Dr Sorça Conroy and Louis J Maguire and appoint as new directors, Alan Osborne, Stephen Grimmer, Martin Doyle and Kevin Taylor. The company states: “Your Board believes that the proposed resolutions are NOT in the best interests of the Company and Shareholders as a whole and is therefore unanimously recommending that you VOTE AGAINST ALL of the proposed resolutions.”

An extraordinary general meeting of the Company has been convened for 11.00 a.m. on 26 July 2019 at Gandon Suite South, Davenport Hotel, Merrion Square, Dublin 2.

The Circular and a form of proxy for voting at the EGM were posted to shareholders after close of business on 26 June 2019 and the Circular can also be found on the Company’s website at www.kareliandiamondresources.com.