SouthernEra Diamonds Closes Non-Brokered Private Placement

    TSX: SDM
    Shares issued and outstanding: 173,231,179

    TORONTO, April 19 /CNW/ - SouthernEra Diamonds Inc. (TSX: SDM) (the
"Company") announced today that it has closed a non-brokered placement of
6,999,000 common shares for net proceeds of approximately $2.5 million. The
shares were purchased by institutional and private investors in Canada.
    The proceeds from the private placement will be used primarily to
accelerate delineation drilling and a mini bulk sample of the Company's newly
acquired BK16 kimberlite pipe in Botswana; accelerate alluvial evaluation
programs in the Democratic Republic of Congo; and for general working capital
    The securities sold have not, nor will they be registered under the
United States Securities Act of 1933, as amended, and may not be offered or
sold within the United States or to, or for the account or benefit of U.S.
persons absent U.S. registration or an applicable exemption from U.S.
registration requirements. This release does not constitute an offer for sale
of securities in the United States.

For further information:

For further information: SouthernEra Diamonds Inc., Mr. Chris Reynolds,
Senior VP, CFO and Secretary, Telephone: (416) 359-9282, Fax: (416) 359-9141,
E-mail:,; London: 4C-Burvale, Carina
Corbett, Director, Telephone: +44 (0) 20 7559 6710, Fax: +44 (0) 20 7559 6501,

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