Cancellation of Admission to AIM

 
TIDMBDY 
 
BRAZILIAN DIAMONDS LIMITED 
 
                  CANCELLATION OF ADMISSION TO AIM 
 
BRAZILIAN DIAMONDS LIMITED (TSXV: BDY) ("Brazilian Diamonds" or  "the 
Company")  announces  that   at  its  Annual   and  Special   Meeting 
("Meeting") to be held  on August 31, 2009,  the Company proposes  to 
seek shareholder approval  for the cancellation  of its admission  to 
trading on  the Alternative  Investment Market  of the  London  Stock 
Exchange ("AIM").  Assuming shareholder approval is received by a 75% 
majority of the votes  cast at the Meeting,  it is proposed that  the 
cancellation would take effect from  7.00 a.m. (BST) on September  8, 
2009 (the "Cancellation Date"). 
 
The proposal to  cancel trading  of the  Company's shares  on AIM  is 
being implemented in conjunction  with other cost reduction  measures 
the Company has taken in response to the impact of recent  volatility 
in capital  markets which  has created  difficulties for  the  junior 
exploration sector  generally  in  raising capital  to  fund  mineral 
exploration. 
 
Cancellation of the AIM quotation will assist the Company to conserve 
its limited  financial resources  by eliminating  the duplication  of 
costs and  management  resources  involved  in  maintaining  the  AIM 
quotation as  well as  the  Company's principal  listing on  the  TSX 
Venture Exchange (the "TSXV"). 
 
UK shareholders wishing  to trade the  Company's common shares  after 
the Cancellation  Date will  be  able to  do  so through  the  TSXV. 
Brazilian Diamonds does not expect the liquidity or marketability  of 
the  Company's  common  shares  to  be  materially  affected  by  the 
cancellation of the AIM listing. 
 
 
Enquiries: 
 
Kenneth P. Judge, Chairman 
Tel: + 44 7733 001 002 
 
Stephen Fabian, President & CEO 
Tel: + 55 31 9186 4660 
 
Jon Bey, Investor Relations 
Tel: [phone] 
Email: [e-mail] 
 
Hanson Westhouse Limited 
Tim Feather / Matthew Johnson 
Tel: + 44 113 246 2610 
 
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