Company Information for Brazilian Diamonds Ltd

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Company Statement

Brazilian Diamonds is a leading Brazil-based exploration company focused on the discovery of kimberlites on its extensive portfolio of properties in the States of Minas Gerais and Bahia, with the goal of becoming a significant producer of diamonds. The Company is well-recognized for its technical competence, with a strong and highly visible local presence and experienced management based in Brazil.

Current Operations

Brazilian Diamonds has over 140 kimberlites on its properties located in the state of Minas Gerais, historically the source of some the world's largest and most valuable diamonds.

The Company is able to achieve rapid turnaround on its exploration work as it has excellent infrastructure in Brazil including a for sample processing and a large and fully integrated exploration data base.

The Company is awaiting final approval before commencing the environmental licensing process for development of the Canastra 1 kimberlite body for which mine feasibility work has already been completed and the required Mines Department approvals are already in place. It is intended to bring Canastra 1 into production once this licensing process is completed.

The Company has recently acquired the Chapada Diamantina project in Bahia from De Beers which includes the diamondiferous Salvador 1 kimberlite. Plans are under-way to undertake a large bulk sample at Salvador 1 utilising a 15 tonne per hour DMS treatment plant, which is currently located at the Company's Santo Antonio do Bonito property. De Beers retains a right to reacquire up to a 40% in any kimberlite found containing more that 200 carats of diamonds on the Chapada Diamantina properties.

The Company has a fully operational diamond separation/analysis laboratory at Patos de Minas, Minas Gerais which is strategically located near its properties in the Santo Antônio and Coromandel areas. The Company has a highly experienced team including four geologists almost all of whom are located at the Company's facilities in Brazil.

The Company's strategy for non-core activities on its properties is to form joint ventures. A Cdn$1,000,000 feasibility study is currently underway for a joint venture for the mining of alluvial diamonds on its properties in the Santo Antônio river drainage. The joint venture involves two important Brazilian companies: CODEMIG, the state owned mining development organisation and Mineracao Rio Novo Ltda., a wholly owned subsidiary of Andrade Gutierrez SA, one of Brazil's largest civil engineering firms and an existing large scale, dredge based producer of alluvial diamonds.

Geographical Spread

States of Minas Gerais and Bahia, Brazil

Board of Directors and Key Management

Kenneth Judge	Chairman of the Board & Director
Stephen Fabian	President & Director
Homero Braz Silva	President
Dr. Michael Byron	Director
Francis Johnstone	Director
David Cowan	Director
Kerry Beamish	CFO
Jacqueline Collins	Corporate Secretary

Company Address Corporate Office Suite 910 475 Howe Street Vancouver, V6C 2B3 Telephone: 604-689-2599 Facsimile: 604-689-3609 Email: info[at]braziliandiamonds.com Website: http://www.braziliandiamonds.com

Additional Address/Key Contact Brazil Office Av. Afonso Pena, 3.130 - Sala 907 Funcionários Belo Horizonte - MG CEP: 30.130-009 Telephone: (55 31) 3281 87 77 Fax: (55 31) 3281 8997 Vancouver Office: Suite 910, 475 Howe Street Vancouver, BC V6C 2B3 Telephone: (604) 689-2599 Fax: (604) 662-8429 Toll Free: 1-866-689-2599

Annual General Meeting May

Year End December 31

Nominated Brokers Landsbanki Securities (UK) Limited Beaufort House, 15 St. Botolph St, London EC3A 7QR United Kingdom

Nominated Advisors Hanson Westhouse One Angel Court London United Kingdom EC2R 7HJ Tel: +44 20 7601 6100

Broker/Analyst Reports

05/07/07 - Edison Investment Research

Major Shareholders

Williams de Broe	14%
Anglo Pacific	8%
JP Morgan	4%
Henderson Global	4%

Related News

19/02/08 - Brazilian Diamonds Sees a Chink of Light on Canastra
18/06/07 - Brazilian Diamonds Gets Ready to Start Testing One Of Its Kimberlites

Most Recent Statement

05/09/08 - Salvador 1 Update
13/05/08 - 1st Quarter Results
09/04/08 - Management Change
27/03/08 - PLACING TO RAISE £1.3 MILLION
26/02/08 - SALVADOR I BULK TESTING - PRELIMINARY RESULTS PIT 1
22/01/08 - BULK TESTING CONTINUES AT SALVADOR 1