Rockwell Estimates Six Months Earnings

    Rockwell Diamonds to release Q2 results on October 15, 2008

    VANCOUVER, Oct. 9 /CNW/ - Rockwell Diamonds Inc. ("Rockwell" or the
"Company") (TSX:RDI;OTCBB:RDIAF;JSE:RDI) advises shareholders that earnings
and headline earnings for the three month period ending August 31, 2008, are
expected to be slightly lower than for the comparative quarter ended August
31, 2007. This is as a direct result of the loss on sale of the Minero Rocardo
property which is excluded when headline earnings are calculated. As a result
of the amount of shares outstanding the move on earnings per share shows 0%
when rounded to two decimal places and is considered to be negligible.
Headline earnings per share for the quarter ended August 31, 2008 also show a
0% move for the same reasons as the earnings per share and is also considered
to be negligible. Basic and fully diluted per share loss figures will be
included in the Company's definitive financial 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 August 31, 2008 are expected to be published on
October 15, 2008.
    The Company will host a telephone conference call on Thursday, October 16
at 10:00 a.m. Eastern Time (7:00 a.m. Pacific; 4:00 p.m. Johannesburg) to
discuss these results. The conference call may be accessed by dialing (877)
591-4959, or (719) 325-4891 internationally. A live and archived audio webcast
will also be available at on the Company's website at
    The conference call will be archived for later playback until Friday,
October 24, 2008 and can be accessed by dialing (888) 203-1112 in Canada and
the United States, or (719) 457-0820 and using the passcode 5716430.

    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 Rockwell expects are forward-looking statements. Although
Rockwell 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,
and general economic, market or business conditions. Investors are cautioned
that any such statements are not guarantees of future performance and those
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 20-F filing with the United States
Securities and Exchange Commission and Rockwell's home
jurisdiction filings that are available at

For further information:

For further information: on Rockwell Diamonds and its properties, 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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