Appointment of New CFO

#910-475 Howe Street Vancouver, British Columbia Canada V6C 2B3

Tel: (604) 689-2599 Fax: (604) 689-3609

[email protected] www.braziliandiamonds.com

BZD: TSX.V

BRAZILIAN DIAMONDS LIMITED

APPOINTMENT OF NEW CFO

Vancouver, Canada – November 1, 2010 - (TSX.V: BZD) ("Brazilian Diamonds" or "the Company") is pleased to announce the appointment of Robert Anderson, CA as the Company’s new Chief Financial Officer effective November 1, 2010 to replace Kerry Beamish who resigned as CFO effective October 31, 2010. Robert previously served as a manager of six junior mining public companies for a mid size Chartered Accountant consulting firm. Previous to that he served as the corporate controller for three of the Hamilton Resource Group’s junior mining companies and worked as a senior auditor at a mid and a large sized accounting firm. Robert has a broad range of experience through many sectors, including mining, film and television, technology, corporate and personal tax and owner managed companies. He has a wide range of skills dealing with public company reporting, IPO’s, prospectuses, due diligence and business plans. Robert’s skills were gained through articling at Staley Okada & Partners Chartered Accountants and PricewaterhouseCoopers LLP.

Mr. Kerry Beamish the Company’s former Chief Financial Officer is resigning due to his other significant work commitments and the Board of Directors wish to thank Kerry for his contributions to the Company while serving as CFO.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information contact:

Stephen Fabian, President & CEO

Tel: + 33 6439 10649

Francis Johnstone, Chairman

Te: +44 7970 415 070