Rockwell Provides Update On Timetable For Rights Offering

VANCOUVER, Feb. 5 /CNW/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) announces that the principal South African regulatory authorities have settled on the relevant dates for the Company's proposed rights offering, which are expected to be a record date of on or about February 19, 2010 and an expiry date of on or about March 19, 2010. The Company seeks to utilize the same dates for the North American portion of the rights offering, but the final confirmation of such dates is subject to the Company receiving final approval of the rights offering circular from Canadian securities regulatory authorities. The Company expects to receive such approval later today, and it will issue a further update once such approval is received.

    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" or "forward-looking information" (together, referred to as "forward-looking statements"), including statements related to Canadian securities regulatory approval of the final rights offering circular. Although Rockwell believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, including the review and comments of the Canadian securities regulatory authorities to date, such statements are not guaranteed, and actual results may differ materially from those in the forward-looking statements. Investors are cautioned that any such statements are not guarantees.

SOURCE Rockwell Diamonds Inc.

For further information: For further information: Investor Services at (604) 684-6365 or within North America at 1-800-667-2114

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