Diamond Fields Announces Change to Financial Year End

Diamond Fields Announces Change to Financial Year End

Vancouver, B.C. (9 January 2020) – Diamond Fields Resources Inc . (TSX-V: DFR)

(“DFR” or the “Company”) announces that it has changed its financial year end from June 30

to December 31 to align reporting with that of its mining sector peers and its Madagascan

subsidiary. The Company’s transition year will be the six months ended December 31, 2019.

Further information pertaining to the change is available from SEDAR.

DIAMOND FIELDS RESOURCES INC.

Sybrand van der Spuy, CEO and Director

Contact: +27 78 4558700

Michael Oke/Andy Mills: +44 20 7321 0000

Aura Financial LLP: www.aura-financial.com

Notes to Editors:

DFR is a TSX Venture Exchange listed exploration and mine development company with assets in

Madagascar and Namibia. In Madagascar, DFR is developing the Beravina Project in cooperation

with Denham Mining Fund LP. Beravina is an advanced high-grade hard rock zircon exploration

prospect located in the west of the country, approximately 220km east of the port of Maintirano and

near a state road. DFR acquired Beravina from Pala Investments and Austral Resources in 2016. In

Namibia, International Mining and Dredging Holdings (Pty) Limited is undertaking an initial six

month (non-continuous) offshore diamond mining program on DFR’s ML 111 licence area. The ML

111 concession has a ten-year mining licence, effective until 4 December 2025, and lies within

Luderitz Bay between Diaz Point in the south and Marshall Rocks in the north and at depths of 15 to

70 metres.

Website: www.diamondfields.com

The Company’s public documents may be accessed at www.sedar.com

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.