Rockwell Estimates Nine Month Earnings

    VANCOUVER, Jan. 8 /CNW/ - Rockwell Diamonds Inc. ("Rockwell" or the
"Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) advises shareholders that
earnings and headline per share for the nine month period ending November 30,
2008 are expected to show an estimated earnings of approximately Canadian
$0.01 per share. Basic and fully diluted per share figures will be included in
the definitive statements.
    The financial information on which this trading statement is based has
not been reviewed or reported on by the Company's auditors. The unaudited
results for the period ended November 30, 2008 are expected to be published on
or about January 14, 2009.
    The Company will host a telephone conference call on Thursday, January 15
at 10:00 a.m. Eastern Time (7:00 a.m. Pacific; 5:00 p.m. Johannesburg) to
discuss these results. The conference call may be accessed by dialing (877)
857-6173, or (719) 325-4788 internationally. A live and archived audio webcast
will also be available on the Company's website at
    The conference call will be archived for later playback until midnight,
Thursday, January 22, 2009 and can be accessed by dialing (888) 203-1112 in
Canada and the United States, or (719) 457-0820 and using the passcode

    John Bristow
    President and CEO

     No regulatory authority has approved or disapproved the information
                       contained in this news release.

                         Forward Looking Statements
    This release includes certain statements that may be deemed
"forward-looking statements". Other than statements of historical fact all
statements in this release that address future production, reserve or resource
potential, exploration drilling, exploitation activities and events or
developments that each Company expects are forward-looking statements.
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 market prices, exploitation and
exploration successes, changes in and the effect of government policies
regarding mining and natural resource exploration and exploitation,
availability of capital and financing, geopolitical uncertainty and political
and economic instability, and general economic, and market or business
conditions. Investors are cautioned that any such statements are not
guarantees of future performance and that actual results or developments may
differ materially from those projected in the forward-looking statements. For
more information on Rockwell, Investors should review Rockwell's annual Form
40-F filing with the United States Securities and Exchange Commission and the Company's home jurisdiction filings that are available at

For further information:

For further information: on Rockwell Diamonds Inc., please visit the
Company's website at or contact Investor Services at
(604) 684-6365 or within North America at 1-800-667-2114

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