Gemfields Resources Plc

Holdings in Company

1 May 2007

Gemfields Resources Plc ("Gemfields" or "the Company", Ticker "GEM") received
notification dated 27 April 2007 that, following acquisitions on 25 April 2007,
Credit Suisse Securities (Europe) Limited has a notifiable interest in
5,313,000 of the Company's ordinary 1p shares, amounting to approximately 5.08%
of the Company's issued share capital.

For more information:

Peter Kitchen, CEO peter.kitchen@gemfields.co.uk

Richard James, CFO richard.james@gemfields.co.uk

Gemfields Resources Plc Tel: +44 (0)20 7016 9416

Laurence Read/ Leesa Peters Tel: +44 (0) 207 429 6605

Conduit PR Mob: +44 (0) 7974 982 512





END
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