Botswana Diamonds : SECOND SIGNIFICANT ANOMALY DISCOVERED IN THE KALAHARI CLOSE TO THE BOTSWANA DIAMONDS OWNED KX36 DEPOSIT, DRILLING PLANNED

11 April 2024

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

Second significant anomaly discovered in the Kalahari close to the Botswana

Diamonds owned KX36 deposit, drilling planned.

Botswana Diamonds plc, (AIM: BOD) has discovered a second anomaly close to the anomaly previously announced on 23rd January 2024. The first is c.12 hectares in size and the second contiguous anomaly is c.6 hectares in size. The Company has started planning the drill phase of the two significant anomalies in the Kalahari of Botswana and an Environmental Impact Assessment ("EIA") has commenced, as a prelude to drilling. It is anticipated that five holes will be drilled on the two anomalies.

The KX36 project is a 3.5 hectares kimberlite pipe in the Kalahari. The pipe has resources of

17.9 million tonnes ("Mt") at 35 carats per hundred tonnes ("cpht") (indicated) and 6.7Mt at 36 cpht (inferred) at $65 per carat ("ct"). The modelled grade range is 57-76 cpht at an estimated diamond value of up to $107/ct.

The new kimberlite targets have the potential to upgrade the existing resources in the area, including at the Ghaghoo Mine, which is currently under care and maintenance only 60 km away from the KX36 project.

John Teeling, Chairman, commented: "The discovery of a second anomaly, which we believe is about six hectares in size, adjacent to that previously announced, is further good news. Additional work indicates that the first anomaly could be 12 hectares in size. Both anomalies are close to our 100% owned KX36 diamond discovery, which is 3.5 hectares in size and contains an indicated and inferred estimate of 8.70 million carats. The anomalies need to be drilled".

This release has been approved by James Campbell, Managing Director of Botswana Diamonds plc, a qualified geologist (Pr.Sci.Nat), a Fellow of the Geological Society of South Africa, a Fellow of the Southern African Institute of Mining and Metallurgy, a Fellow of the Institute of Materials, Metals and Mining (UK) and with over 38-years' experience in the diamond sector.

A copy of this announcement is available on the Company's website, at www.botswanadiamonds.co.uk

Enquiries:
Botswana Diamonds PLC
John Teeling, Chairman	[phone]
James Campbell, Managing Director	+27	83 457 3724
Jim Finn, Director	[phone]
Nominated & Financial Adviser	+44	(0) 20 7409 3494
Strand Hanson Limited
Ritchie Balmer
Rory Murphy
David Asquith
Broker	+44	(0) 207 374 2212
First Equity Limited
Jason Robertson
Public Relations	+44	(0) 207 138 3206
BlytheRay	+44	(0) 207 138 3553
Megan Ray	+44	(0) 207 138 3206
Said Izagaren
Teneo
Luke Hogg	[phone]
Alan Tyrrell	[phone]
Fia Long
Alan Reynolds

www.botswanadiamonds.co.uk

ENDS