Diamond Fields Secures Interim Financing

SYMBOL:  DFI 

VANCOUVER, Dec. 10, 2012 /CNW/ - Diamond Fields International Ltd. (DFI:TSX) ("DFI" or the "Company") is pleased to announce it has closed an interim financing with Spirit Resources SARL ("Spirit"), a company beneficially owned by Jean-Raymond Boulle, the Company's largest shareholder.

The Company has executed a promissory note with Spirit under which Spirit has provided an unsecured loan to the Company in the amount of two hundred and fifty thousand dollars (US$250 000). The note matures on December 21, 2012. The Company intends to repay the debt to Spirit with a portion of the proceeds from a proposed convertible debenture financing, which financing is subject to receipt of approval from disinterested shareholders at DFI's Annual General Meeting scheduled to be held December 20, 2012.

DIAMOND FIELDS INTERNATIONAL LTD. 

SIGNED: "Ian Ransome"

Ian Ransome, Chief Executive Officer

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 Diamond Fields' 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. Diamond Fields does not assume the obligation to update any forward-looking statement, except as otherwise required by law.

SOURCE Diamond Fields International Ltd.