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DFR.V ·

Diamond Fields Announces Second Diamond Shipment from Namibia

Corporate Updates

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DIAMOND FIELDS RESOURCES INC.

Suite 303, 595 Howe Street Tel: 1-604-685-9911

Vancouver, B.C. Fax: 1-604-718-2808

Canada V6C 2T5

Diamond Fields Announces Second Diamond Shipment from Namibia

Vancouver, B.C. (January 22, 2019) - Diamond Fields Resources Inc. (TSX-V: DFR) (“DFR” or the

“Company”) is pleased to announce the shipment of a 22,166.81 carat parcel of gross weight unpolished

rough diamonds as endorsed by the Namibian Ministry of Mines and Energy.

The diamonds, which were recovered from the ML111 licence offshore Namibia between December

6, 2018 and January 11, 2019, have been shipped to Europe for independent valuation, processing and

final sorting (whereby they will be mixed with those previously shipped in December) in preparation

for sale during February 2019.

In total, 47,318.41 carats of diamond were exported from Namibia, after 65 days of mining between

November 10, 2018 and January 13, 2019 (“the Period”).

As per the announcement of October 3 2018, DFR will now commence a review of operational

performance during the Period with International Mining and Dredging Holdings (Pty) Limited,

which operated the campaign via its subsidiary NUTAM Operations (Pty) Ltd.

Information obtained during the Period will be used to determine the future mine plan in order to

optimize potential returns from the ML111 resource. The remainder of the initial six months (non -

continuous) mining program is expected to resume later in 2019.

DIAMOND FIELDS RESOURCES INC.

SIGNED: “Sybrand van der Spuy”

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, 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. 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 li cence 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.

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 the Company’s 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

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DIAMOND FIELDS RESOURCES INC.

Suite 303, 595 Howe Street Tel: 1-604-685-9911

Vancouver, B.C. Fax: 1-604-718-2808

Canada V6C 2T5

future results may vary materially. The Company does not assume the obligation to update any forward-looking statement, except as

otherwise required by law.