Director Resignation

    Director Resignation
             



AIM
RELEASE
4 November 2008

DIRECTOR RESIGNATION

DiamonEx Limited advises that Mr Donald Duncan has resigned as a Non
Executive Director of the Company and its subsidiaries. Please find
attached an Appendix 3Z - Final Director's Interest Notice.

The Company would like to thank Mr Duncan for his valuable
contribution over the period he was a Director.

For further information contact:

Dan O'Neill
Managing Director
Tel: [phone]
Mob: [phone]
Email: [e-mail]

Mark Gray
Corporate Development
Tel: [phone]
Mob: [phone]
Email: [e-mail]

Will Souter or Rob Adamson
RFC Corporate Finance Ltd (Nomad)
Tel: [phone]
        [phone]
Email: [e-mail]
            [e-mail]

Richard Hail
Fox-Davies Capital Ltd (AIM Broker)
Tel: [phone]
Email: [e-mail]

Jos Simson or Leesa Peters
Conduit PR - Investor Relations
Tel: [phone]
        [phone]
Email: [e-mail]


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).
Appendix 3Z

Final Director's Interest Notice

Information or documents not available now must be given to ASX as
soon as available.  Information and documents given to ASX become
ASX's property and may be made public.
Introduced 30/9/2001.


Name of entity         DIAMONEX LIMITED
ABN                          26 091 951 978


We (the entity) give ASX the following information under listing rule
3.19A.3 and as agent for the director for the purposes of section
205G of the Corporations Act.


+----------------------------------------------------------------+
| Name of director                         | DONALD JAMES DUNCAN |
|------------------------------------------+---------------------|
| Date of last notice                      | 14 JUNE 2005        |
|------------------------------------------+---------------------|
| Date that director ceased to be director | 3 NOVEMBER 2008     |
+----------------------------------------------------------------+


Part 1 - Director's relevant interests in securities of which the
director is the registered holder
In the case of a trust, this includes interests in the trust made
available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph
(i) of the definition of "notifiable interest of a director" should
be disclosed in this part.

+------------------------------------+
| Number & class of securities       |
|                                    |
| 500,000 Fully Paid Ordinary Shares |
|                                    |
|                                    |
|                                    |
|                                    |
|                                    |
|                                    |
|                                    |
|                                    |
|                                    |
+------------------------------------+



Part 2 - Director's relevant interests in securities of which the
director is not the registered holder

Note: In the case of a company, interests which come within paragraph
(ii) of the definition of "notifiable interest of a director" should
be disclosed in this part.

In the case of a trust, this includes interests in the trust made
available by the responsible entity of the trust


+-------------------------------------------------------------------+
| Name of holder & nature of interest           | Number & class of |
| Note: Provide details of the circumstances    | securities        |
| giving rise to the relevant interest          |                   |
|                                               |                   |
|                                               |                   |
| NIL                                           |                   |
|                                               |                   |
|                                               |                   |
|                                               |                   |
|                                               |                   |
|                                               |                   |
|                                               |                   |
|                                               |                   |
+-------------------------------------------------------------------+




Part 3 - Director's interests in contracts


+-------------------------------------------------------------+
| Detail of contract                                    | NIL |
|-------------------------------------------------------+-----|
| Nature of interest                                    |     |
|                                                       |     |
|                                                       |     |
|-------------------------------------------------------+-----|
| Name of registered holder                             |     |
| (if issued securities)                                |     |
|                                                       |     |
|-------------------------------------------------------+-----|
| No. and class of securities to which interest relates |     |
|                                                       |     |
|                                                       |     |
+-------------------------------------------------------------+

---END OF MESSAGE---


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