Gold Exploration in West Africa

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NEW: Diamond Fields (DFI.TO) gold in Liberia

DFI has been added to the header. This story describes gold exploration in Liberia, and diamonds-rated results which are omitted below.

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Diamond Fields Progress Announces Liberian Gold and Diamond Exploration Results Vancouver, February 8, 2005— Diamond Fields International Ltd. (DFI:TSX) is pleased to present geochemical sampling results from initial reconnaissance work on a gold property adjacent to the Cestos Shear Zone in central Liberia and additional stream sediment sample results from the Grand Cape diamond prospect in western Liberia. Positive results of soil samples collected over artisinal surface workings in the Barteajan area on the Grand Gedeh property include visible gold seen in five concentrates, a value of 17.7 g/t gold in one sample, and more than 1 g/t gold in two other samples. Highlights of the Grand Cape diamond project include identification of a further 117 kimberlitic garnets and 606 kimberlitic ilmenites in stream sediment samples, of which nine G10 garnets were identified by microprobe analysis.

Grand Gedeh Gold Exploration

The Grand Gedeh property is underlain by predominantly Archean aged rocks of the Guinea shield interpreted to include greenstone remnants within an extensive granitic and gneissic shield type terrane. The 718km2 property includes the extensive Barteajan workings, an alluvial site that has reportedly been active for over 70 years. Diamond Fields may earn a 70% interest in the Grand Gedeh property from the Liberian based company Ducor Minerals Inc.

Thirty-nine soil and three stream sediment samples have so far been collected adjacent to areas with evidence of artisinal digging. The Barteajan area produced a 17.7 g/t Au anomaly and two samples that graded greater that 1 g/t Au. Five samples had visible gold in field concentrates and a further 26 samples were anomalous with Au averaging 0.2 g/t within a 5km x 1km envelope open in all directions. Initial exploration work included soil sampling over areas where artisanal workings occur. Further work will include grid sampling to better define the trend of mineralization and its strike extent. Regionally, additional soil sampling and stream sediment sampling will be continued to evaluate the untested areas of the concession. The bedrock target is anticipated to be shear zone hosted quartz veins. Grand Cape Diamond Exploration

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website: http://www.diamondfields.com/i/misc/dfi-feb082005-1.gif
Suite 1600, 777 Dunsmuir Street Tel: [phone]
P.O. Box 10425 Pacific Centre Fax: [phone]
Vancouver, BC, Canada V7Y 1K4 Toll Free: 1-888-682-2113

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Stream sediment and soil samples for gold are screened to remove oversize material, dried and shipped to the Anglo American Research Laboratory in Johannesburg where they are pulverized and analyzed via ICP and Fire Assay with an Au detection limit of 20ppb. The results of the sampling programs have been reviewed, verified (including sampling, analytical and test data) and compiled by the Diamond Fields’ geological staff supervised by Mr. Randal Cullen, P.Geol., a “Qualified Person” as indicated under NI 43-101.

Diamond Fields International Ltd. is an operating marine diamond producer with a superior portfolio of mineral exploration properties in several areas of the world. Diamond Fields’ corporate strategy is to maximize cash flow from its Namibian marine diamond concessions and systematically explore and develop its international mineral exploration projects. In addition, the Company continues to explore opportunities to acquire new economic mineral projects worldwide. DIAMOND FIELDS INTERNATIONAL LTD.
“Gregg J. Sedun”
Gregg J. Sedun, President and Chief Executive Officer
For further information contact:
Investor Relations (1-888-682-2113) extension 257
Website: www.diamondfields.com
All dollar values are stated in U.S. currency unless otherwise specified.

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’ period filings with Canadian Securities Regulators. Such forward-looking information represents managements’ 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 statement.