DiamonEx Limited
AIM Release

23 January 2009

SUSPENSION FROM TRADING

The Board of DiamonEx Limited (Diamonex) wishes to advise it has
requested that trading in its shares on the AIM market be suspended
today, 23 January 2009.

The suspension has been requested because DiamonEx has made an
application today to the High Court of Botswana for an order to place
its 100% owned subsidiary Diamonex Botswana Limited into judicial
management and is in the process of reviewing its financial position.

Diamonex will make a further announcement to the market as
information becomes available.

Yours faithfully
Paul Crawford
Company Secretary

For further information contact:

Dan O'Neill Tel: + 61 7 37208944
Managing Director Fax: + 61 7 37208988
Email: doneill@diamonex.com.au Mob: + 61 4 07596942

Mark Gray Tel: + 61 7 37208944
Corporate Development Fax: + 61 7 37208988
Email: mgray@diamonex.com.au Mob: + 61 4 12899979

Will Souter or Rob Adamson
RFC Corporate Finance Ltd (Nomad)
Tel: +61 2 9250 0050
+61 2 9250 0041
Email: will.souter@rfc.com.au
rob.adamson@rfc.com.au

Fox-Davies Capital Ltd (AIM Broker)
Tel: +44 20 7936 5200

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).

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