Rockwell Diamonds Inc. Announces Delay in Annual Meeting and Meeting Date

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, July 31, 2015 /CNW/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI)  announces that it has decided to delay holding its next annual meeting which was due to be held by August 28, 2015 to September 16, 2015. The Company's reason for the delay in holding its annual meeting is with respect to the timing of the completion of its current prospectus offering which is raising funds to repay certain loans entered into in connection with the acquisition of the Remhoogte/Holsloot Project. The Toronto Stock Exchange confirmed that it does not object to the Company delaying the date of its annual meeting to September 16, 2015.

For further information on Rockwell and its operations in South Africa, please contact

James Campbell

CEO

+27 (0)83 457 3724

Stéphanie Leclercq

Investor Relations

+27 (0)83 307 7587

David Tosi

PSG Capital – JSE Sponsor

+27 (0)21 887 9602

 

About Rockwell Diamonds:

Rockwell is engaged in the business of operating and developing alluvial diamond deposits, with a goal to become a mid-tier diamond production company. Rockwell also has a development project and a pipeline of earlier stage properties with future development potential. The operations are based on a strategy of throughput processing and technology. Rockwell continuously strives to be the lowest cost producer in the industry.

The Company is known for producing large, high quality gemstone comprising a major portion of its diamond recoveries that is enhanced through a beneficiation joint venture that enables it to participate in the profits on the sale of the polished diamonds.

Rockwell also evaluates consolidation opportunities which have the potential to expand its mineral resources and production profile and to provide accretive value to the Company.

Rockwell's common shares trade on the Toronto Stock Exchange and the JSE Limited under the symbol "RDI". No regulatory authority has approved or disapproved the information contained in this news release.

Forward Looking Statements
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is often, but not always, characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "potential", "should", "likely", "forecast", "estimate" and other similar words or statements that certain events or conditions "may" or "will" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements.

Factors that could cause actual results to differ materially from those in forward-looking statements include risks and uncertainties related to the completion on a timely basis of the prospectus offering on satisfactory terms; receipt of all regulatory approvals, including exchange and securities regulatory authority approvals; changes in general economic conditions; the financial markets and the demand and market price for securities of the Company; the mining industry; and many other factors beyond the control of Rockwell.

Although Rockwell has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

SOURCE Rockwell Diamonds Inc.

For further information: on Rockwell, investors should review Rockwell's home jurisdiction filings that are available at www.sedar.com.


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