News Release

---

Forward to a Friend
Join Our Email List

RETIREMENT OF DIRECTOR

Vancouver, BC, 14^th March 2008. Brazilian Diamonds Ltd (BDY: TSX & AIM) ("Brazilian Diamonds" or the "Company") announces that Dr. Roger Morton is retiring as a Director of the Company with effect from 14^th March, 2008.

The board wishes to extend its thanks and appreciation for Dr. Morton's lengthy and much appreciated service to the Company and wishes him well in his retirement.

Commenting, Kenneth P. Judge Chairman of the Company said "Roger's lively contribution to our board discussion and his valuable technical experience will be missed by all of us. I hope Roger will now have the time to enjoy his family and to attend to his other business interests."

Editors' Note

Brazilian Diamonds is a leading Brazil-based exploration company focused on the discovery of kimberlites on its extensive portfolio of properties in the States of Minas Gerais and Bahia, with the goal of becoming a significant producer of diamonds.

The Company is awaiting final approval before commencing the environmental licensing process for the development of the Canastra 1 kimberlite body for which mine feasibility work has already been completed and the required Mines Department approvals are already in place. It is intended to bring Canastra 1 into production once the environmental licensing process is completed.

The Company's Salvador diamond project in Bahia includes the diamondiferous Salvador 1 kimberlite. This project was acquired from De Beers which retains a right to reacquire up to 40 per cent. of any kimberlite found on the Salvador properties which is confirmed to contain more that 200 carats of diamonds.

The Company has a fully operational diamond separation/analysis laboratory at Patos de Minas, Minas Gerais which is strategically located near its properties in the Santo Ant�nio and Coromandel areas. The Company has a highly experienced team including six geologists located at the Company's facilities in Brazil.

The Company's strategy for non-core activities on its properties is to form joint ventures. A Cdn$1,000,000 feasibility study is underway for a joint venture for the mining of alluvial diamonds on its properties in the Santo Ant�nio river drainage. The joint venture involves two important Brazilian companies: CODEMIG, the state owned mining development organization and Mineracao Rio Novo Ltda., a wholly owned subsidiary of Andrade Gutierrez SA, one of Brazil's largest civil engineering firms and an existing large scale, dredge based producer of alluvial diamonds.

For further information refer to the Company's website www.braziliandiamonds.com or contact:

Brazilian Diamonds Limited
Brazilian Diamonds Limited + 44 7733 001 002

Stephen Fabian, CEO + 55 31 8814 5111

Investor Relations

Europe - Paul Ensor�� + 44 207 590 5503

North America - Jon Bey�� 1-866-689-2599

Hanson Westhouse Limited (Nomad to the Company) + 44 113 246 2610
Tim Feather / Matthew Johnson

Landsbanki Securities (UK) Limited (Broker to the Company) + 44 207 426 9000
Tom Hulme

Forward to a Friend
Join Our Email List