Petra Diamonds has added to its website the Company's Interim Financial Results as at 30 June 2007.

Adonis Pouroulis, Chairman, said; "This last year has been the most gratifying in the Company's history as we have developed the critical mass, the in-house capabilities and, most importantly, the credibility to take the business to the next level.  We have delivered, with Koffiefontein and Kimberley Underground, on our promise to shareholders to introduce assets to the Group which will substantially increase our current production and return significant cash flows.  We have also seen exciting developments with our major exploration assets in Angola.  Bulk sampling and drilling at Alto Cuilo is returning very encouraging results and our second joint venture in Angola with BHP Billiton at neighbouring Luangue consolidates our position in this highly prospective diamond region. Calibrated Diamonds is on track and we expect to cut and polish 2,500 carats of rough per month by mid-2008."

"The development of the Group over the past year has been quite outstanding and I look forward to further building on this success in 2008."

Visit Petra Diamonds at www.petradiamonds.com

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