SYMBOL: DFI

    VANCOUVER, July 18 /PRNewswire-FirstCall/ - Diamond Fields International
Ltd. (TSX:DFI) is pleased to announce its recent diamond sale of 1,356 carats
at an average price of US $ 203 per carat, for a total gross sale of
US $ 275,268. The price received for these diamonds is in line with the
average price of US $ 205 per carat for sales during the first half of the
Company's 2005 fiscal year, and is substantially above the US $ 146 per carat
average price received in fiscal year 2004.
    This sale included 1,296 carats of rough diamonds, sold for an average
price of US $ 205 per carat, produced by Diamond Field's ship mv DF Discoverer
during commissioning and initial operations through June 26th. The remainder
consisted of a small quantity of previously recovered stones which sold for
US $ 165 per carat.
    Gregg J. Sedun, President and CEO of Diamond Fields stated: "This initial
sale of production from our own ship is a significant milestone for our
Company. Moreover, the high price received is very encouraging, as it
demonstrates a continued strong market for Diamond Field's high-quality
Namibian product."

    Diamond Fields International Ltd. is an internationally active
exploration and mining company pursuing mineral exploration opportunities
worldwide. The Company's 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 at (1.604.682.2113).
    Website: http://www.diamondfields.com

    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' periodic filings with Canadian Securities
Regulators. Such forward-looking information represents management's 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.

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