Diamond Fields International Ltd. - Appointment of new President and CEO


    CAPE TOWN, South Africa, Dec. 24 /CNW/ - Diamond Fields International
Ltd. (DFI:TSX) ("DFI" or the "Company") is pleased to announce the appointment
of Edward Wayne Malouf as a director and as President and Interim Chief
Executive Officer effective January 1, 2008. This follows the announcement on
October 2, 2007 that Roger Daniel is leaving the Company at the end of
December 2007. The Company extends its appreciation to Mr. Daniel for his
contributions over the past 6 1/2 years, the last two of which he served as
CEO. We wish him the best of luck in his future endeavors.
    Mr. Malouf received his B.A. and J.D. from St. Mary's University in Texas
and his M.A. from the University of Chicago. In private practice for several
years, Mr. Malouf has represented a number of mining companies. In 2002 he
became chief executive officer of Sierra Rutile Limited, a subsidiary of
Titanium Resources Group ("TRG"), a London AIM listed company (TRX), and one
of the world's largest producer's of natural rutile. In that capacity and
later as Executive Vice-Chairman of TRG, Mr. Malouf played a pivotal role in
the successful restart of TRG's rutile and bauxite mining operations in Sierra
Leone. Mr. Malouf has had an outstanding legal and business career and the DFI
Board believes that his experience and proven track record strengthens the
Company's management and will help usher DFI to its next stage of growth.


    "Ian Ransome"
    Ian Ransome, Chief Operating 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

For further information:

For further information: contact Ian Ransome at +27 21 425 1990,
Website: www.diamondfields.com

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