Diamond Fields Secures Interim Financing


VANCOUVER, Dec. 10, 2012 /CNW/ - Diamond Fields International Ltd. (DFI:TSX) ("DFI" or the "Company") is pleased to announce it has closed an interim financing with Spirit Resources SARL ("Spirit"), a company beneficially owned by Jean-Raymond Boulle, the Company's largest shareholder.

The Company has executed a promissory note with Spirit under which Spirit has provided an unsecured loan to the Company in the amount of two hundred and fifty thousand dollars (US$250 000). The note matures on December 21, 2012. The Company intends to repay the debt to Spirit with a portion of the proceeds from a proposed convertible debenture financing, which financing is subject to receipt of approval from disinterested shareholders at DFI's Annual General Meeting scheduled to be held December 20, 2012.


SIGNED: "Ian Ransome"

Ian Ransome, Chief Executive Officer

Forward-Looking Statements:
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in Diamond Fields' periodic filings with Canadian Securities Regulators. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Diamond Fields does not assume the obligation to update any forward-looking statement, except as otherwise required by law.

SOURCE: Diamond Fields International Ltd.

For further information:

Ian Ransome or Earl Young at + 1 604 685 9911
Website: www.diamondfields.com

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Diamond Fields International Ltd.

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