RVD River Diamonds

RNS Number:2104R
River Diamonds PLC
01 April 2008

1 April 2008

                               River Diamonds PLC
                      ("River Diamonds" or "the Company")

                             First Day of Dealings


River Diamonds plc is pleased to announce the first day of dealings in the
shares of the Enlarged Group on the AIM Market of the London Stock Exchange
following the passing on 31 March 2008 of the resolution relating to its
acquisition of the 80% of the share capital of Viso Gero International, Inc. not
already held by the Company.

TRANSACTION HIGHLIGHTS

  * Acquisition gives the Company 100% ownership of the Vatukoula Gold Mine in
    Fiji
  * River Diamonds has raised gross proceeds of �4,669,000 following a placing
    at 6p per share
  * John Stalker and Neil Herbert have been appointed as non executive
    directors of the Company with effect from today (further details of these
    appointments have been given in the Re-Admission document published by the
    Company on 13 March 2008)

ADMISSION STATISTICS

Number of Existing Ordinary Shares                          1,104,705,388
Number of Placed Shares                                     77,816,666
Number of Consideration Shares                              477,633,333
Number of Arrangement Fee Shares                            25,000,000
Number of Retained Consideration Shares                     334,343,333
Enlarged Share Capital following Re-Admission               1,685,155,387
Consideration Shares as a % of Enlarged Share Capital       28.34%
New Ordinary Shares as a % of Enlarged Share Capital        34.44%

Colin Orr-Ewing, Chairman of River Diamonds commented, "We are delighted to have
completed the transaction and now look forward to bringing the Vatukoula Gold
Mine back to full production and profitability."


Enquiries:

Colin Orr-Ewing, Executive Chairman
River Diamonds plc
Tel: 020 7016 5100

Dave Paxton
Hichens Harrison & Co. plc
Tel: 020 7832 7785

Laura Llewelyn/ Beth Harris
Parkgreen Communications
Tel: 020 7851 7480

David Porter/ James Joyce
W.H. Ireland Limited
Tel: 020 7220 1666

The terms used in this announcement have the same meaning as in the Re-Admission
document.

For the full Re-Admission document, please visit the Company's website:
www.riverdiamonds.co.uk.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
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