DiamonEx Limited (ASX:DON) AIM
22 August 2008


The Company wishes  to announce  the placement of  18 million  shares
with two major Botswana Institutions at the price of A$0.20 per share
raising in total A$3.6 million.  The money will be used to strengthen
the Company's cash reserves.

For and on behalf of the Board

Paul Crawford
Company Secretary

For further information contact:

Dan O'Neill
Managing Director
Tel: +61 7 3720 8944
Mob: +61 407 596 942
Email: diamonex@diamonex.com.au

Mark Gray
Corporate Development
Tel: +61 7 3720 8944
Mob: +61 412 899 979
Email: diamonex@diamonex.com.au

Will Souter or Rob Adamson
RFC Corporate Finance Ltd (Nomad)
Tel: +61 2 9250 0050
        +61 2 9250 0041
Email: will.souter@rfc.com.au

Richard Hail
Fox-Davies Capital Ltd (AIM Broker)
Tel: +44 20 7936 5200
Email: Richard.Hail@fdcap.com

Jos Simson or Leesa Peters
Conduit PR - Investor Relations
Tel: +44 20 7429 6603
        +44 78 9987 0450
Email: jos@conduitpr.com

About DiamonEx:

DiamonEx is an emerging diamond  producer having developed a  330,000
carat per year diamond mine at Lerala, in eastern Botswana.  The mine
is 100% owned and is  located in an area that  produces up to 30%  of
the worlds diamonds by value.  The company also owns 15,000 sq km  of
mineral rights  in  Botswana  which  it  is  actively  exploring  for
diamonds, as well as a 9.3 hectare diamondiferous kimberlitic pipe in
northern Colorado, USA,  which it is  currently evaluating for  grade
and value.   DiamonEx  is listed  on  the Australian  Stock  Exchange
(ASX), the Alternative  Investment Market  in London  (AIM), and  the
Botswana Stock Exchange (BSE).
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B

New issue announcement, application for quotation of additional
securities and agreement

Introduced 1/7/96.  Origin: Appendix 5.  Amended 1/7/98, 1/9/99,
1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.

Name of entity

26 091 951 978

We (the entity) give ASX the following information:

Part 1 - All issue

1  Class of securities issued or Ordinary Shares
   to be issued

2  Number of securities issued
   or to be issued (if known) or 18,000,000
   maximum number which may be

3  Principal terms of the        As per existing ordinary fully paid
   securities                    shares.

4  Do the securities rank
   equally in all respects from
   the date of allotment with an Yes
   existing class of quoted

5  Issue price or consideration  $0.20

6  Purpose of the issue          Strengthen company's cash reserves

7  Dates of entering securities
   into uncertificated holdings  21 August 2008
   or despatch of certificates.

                                      Number             Class
8  Number and class of all            173,424,196 Ordinary shares
   securities quoted on ASX

                                   Number             Class
9  Number and class of all        2,000,000 Options exercisable at 35
   securities not quoted on ASX             cents on or before 29
                                  1,000,433 December 2011
                                            Options exercisable at 31
                                  1,000,000 cents on or before 22
                                            October 2010
                                    422,850 Options exercisable at 30
                                            cents on or before 1
                                            November 2010
                                  1,550,000 Options exercisable at
                                            GBP0.16(A$0.37) on or
                                            before 16 January 2011
                                            Options exercisable at
                                            A$0.37 on or before 17
                                            April 2013

10 Dividend policy on the        Not Applicable
   increased capital (interests)

Part 2 - Bonus issue or pro rata issue

11 Is security holder approval required?

12 Is the issue renounceable or non-renounceable?

13 Ratio in which the securities will be offered

14 Class of securities to which the offer relates

15 Record date to determine entitlements

16 Will holdings on different registers (or subregisters) be
   aggregated for calculating entitlements?

17 Policy for deciding entitlements in relation to fractions

18 Names of countries in which the entity has security holders who
   will not be sent new issue documents

19 Closing date for receipt of acceptances or renunciations

20 Names of any underwriters

21 Amount of any underwriting fee or commission

22 Names of any brokers to the issue

23 Fee or commission payable to the broker to the issue

24 Amount of any handling fee payable to brokers who lodge
   acceptances or renunciations on behalf of security holders

25 If the issue is contingent on security holders' approval, the
   date of the meeting

26 Date entitlement and acceptance form and prospectus or Product
   Disclosure Statement will be sent to persons entitled

27 If the entity has issued options, and the terms entitle option
   holders to participate on exercise, the date on which notices
   will be sent to option holders

28 Date rights trading will begin (if applicable)

29 Date rights trading will end (if applicable)

30 How do security holders sell their entitlements in full through
   a broker?
31 How do security holders sell part of their entitlements through
   a broker and accept for the balance?

32 How do security holders dispose of their entitlements (except by
   sale through a broker)?

33 Despatch date

Part 3 - Quotation of securities

34  Type of securities    (tick one)
(a) X  Securities described in Part 1

(b)    All other securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities
Tick to indicate you are providing the information or documents

35   If the securities are equity securities, the names of the 20
     largest holders of the additional securities, and the number and
     percentage of additional securities held by those holders

36   If the securities are equity securities, a distribution schedule
     of the additional securities setting out the number of holders
     in the categories
     1 - 1,000
     1,001 - 5,000
     5,001 - 10,000
     10,001 - 100,000
     100,001 and over

37   A copy of any trust deed for the additional securities

Entities that have ticked box 34(b)

38 Number of securities for which quotation is sought

39 Class of securities for which quotation is sought

40 Do the securities rank equally in all respects from
   the date of allotment with an existing class of
   quoted securities?
   If not, please state:
   *        the date from which they do
   *        the extent to which they participate for the
     next dividend, or interest payment
   *        the extent to which they do not rank
     equally, other than in relation to the next
     dividend, distribution or interest payment

41 Reason for request for quotation now
                                                         Number Class
42 Number and class of all securities quoted on ASX
   (including the securities in clause 38)

Quotation agreement

1       Quotation of our additional securities is in ASX's absolute
discretion.  ASX may quote the securities on any conditions it
2       We warrant the following to ASX.
*        The issue of the securities to be quoted complies with the
  law and is not for an illegal purpose.
*        There is no reason why those securities should not be
  granted quotation.
*        An offer of the securities for sale within 12 months after
  their issue will not require disclosure under section 707(3) or
  section 1012C(6) of the Corporations Act.
*        Section 724 or section 1016E of the Corporations Act does
  not apply to any applications received by us in relation to any
  securities to be quoted and that no-one has any right to return any
  securities to be quoted under sections 737, 738 or 1016F of the
  Corporations Act at the time that we request that the securities be
*        We warrant that if confirmation is required under section
  1017F of the Corporations Act in relation to the securities to be
  quoted, it has been provided at the time that we request that the
  securities be quoted.
*        If we are a trust, we warrant that no person has the right
  to return the securities to be quoted under section 1019B of the
  Corporations Act at the time that we request that the securities be
3       We will indemnify ASX to the fullest extent permitted by law
in respect of any claim, action or expense arising from or connected
with any breach of the warranties in this agreement.
4       We give ASX the information and documents required by this
form.  If any information or document not available now, will give it
to ASX before quotation of the securities begins.  We acknowledge
that ASX is relying on the information and documents.  We warrant
that they are (will be) true and complete.

Paul Crawford
Company Secretary
22 August 2008


DiamonEx Limited


ISIN: AU000000DON1

Stock Identifier: AIMX.DON

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