Diamond Fields Announces Successful Conclusion of Initial Mining Campaign Offshore Namibia

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 Successful Conclusion

of Initial Mining Campaign Offshore Namibia

Vancouver, B.C. (January 14, 2019) - Diamond Fields Resources Inc. (TSX-V: DFR) (“DFR” or the

“Company”) announces that the initial mining campaign on its ML111 licence area offshore Namibia

has successfully concluded, as expected. A second parcel of diamonds recovered from ML111 as part

of this initial campaign phase will be shipped in due course.

Final production figures for the initial campaign will be announced following Government evaluation

and verification of production.

The Company and the operators will undertake a review of initial ope rational and financial

performance following the sale of the diamond parcels, which is expected in the first quarter of 2019.

The six months ’ (non-continuous) mining program me on ML111 is thereafter expected to

recommence later in 2019.

As previously announced on December 20, 2018, an initial shipment of a 25, 151.60 carat parcel of

diamonds (gross weight unpolished rough diamonds as endorsed in the relevant Kimberley Process

Certificate) were recovered from the ML111 licence during the first 25 days of mining, between

November 11, 2018 and December 5, 2018. The shipment is undergoing independent valuation and

initial sorting in preparation for sale through International Mining and Dredging Holdings (Pty)

Limited which is operating the campaign on behalf of DFR via its subsidiary Nutam Operations (Pty)

Ltd.

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 mon th (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.

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

except as otherwise required by law.

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