:: Nare Diamonds Completes new Final Recovery Plant and Recovers 32 Carat Gem Diamond

Australian based diamond exploration and development company Nare Diamonds Limited (“Nare” or the “Company”) which recently announced its intention to change its name to Lonrho Mining and pursue a dual listing on AIM, has completed and commissioned a new final recovery processing plant at its Schmidtsdrift mine in South Africa which should significantly increase the recovery of diamonds.

The new recovery plant will treat all diamondiferous concentrates produced by the mining operations at the Schmidtsdrift mine. The plant contains six proprietary Flowsort X-ray diamond recovery machines, each calibrated to recover specific diamond size fractions. The recovery process is expected to attain recovery levels over 95%.

Nare is pleased to announce that, after the commissioning of the plant, it has recovered a gem quality 32.33 carat diamond from the Schmidtsdrift mine. A photo of the diamond can be viewed on the Company’s website - www.lonrhomining.com/.