Investments of Pala Investments Holdings Limited in Rockwell Diamonds Inc.



    TORONTO, Dec. 17 /CNW/ - Pala Investments Holdings Limited ("PIHL")
announced today that it has acquired through the facilities of The Toronto
Venture Exchange ownership of 11,750,500 common shares of Rockwell Diamonds
Inc. ("Rockwell"). This acquisition increases its share ownership in Rockwell
to 35,340,000 common shares representing, to the knowledge of PIHL, 13.71% of
the issued and outstanding shares of Rockwell. PIHL has acquired the shares
for investment purposes only. PIHL may acquire additional securities if they
become available at prices that are attractive to PIHL.





For further information:

For further information: Jan Castro at 011 41 41 560 9070

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Pala Investments Holdings Limited

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