TIDMFDI

RNS Number : 8729K

Firestone Diamonds PLC

18 December 2018

18 December 2018

Firestone Diamonds plc

("Firestone" or the "Company")

Update on the Option Agreement in respect of Botswana operations

Further to the announcement on 24 May 2017, Amulet Diamond Corporation ("Amulet") has today confirmed they are not exercising the option to acquire Firestone's wholly owned subsidiary Firestone Diamonds (Botswana) (PTY) Limited ("Firestone Botswana") and its 90 per cent. interest in Monak Ventures (PTY) Limited ("Monak") (together the "Botswana Companies"), which hold Firestone's interests in Botswana. The Company remains however in active discussions with Amulet on the sale of these Botswana Companies.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

For more information please visit www.firestonediamonds.com or contact:

 
                                              +44 (0)20 8741 
 Firestone Diamonds plc                        7810 
 Paul Bosma 
  Grant Ferriman 
 
 Macquarie Capital (Europe) Limited (Nomad    +44 (0)20 3037 
  and Broker)                                  2000 
 Nick Stamp 
  Nicholas Harland 
 
                                              +44 (0)20 7920 
 Tavistock (Public and Investor Relations)              3150 
 
 Jos Simson 
 Gareth Tredway 
  Annabel de Morgan

About Firestone

Firestone is an international diamond mining company with operations focused in Lesotho. Liqhobong is owned 75% by Firestone and 25% by the Government of Lesotho. Firestone commenced commercial production in July 2017 at the Liqhobong Diamond Mine in Lesotho. Lesotho is emerging as one of Africa's significant new diamond producers, hosting Gem Diamonds' Letšeng Mine, Firestone's Liqhobong Mine, Namakwa Diamonds' Kao Mine and Lucapa's Mothae Mine.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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