For immediate release
August 15, 2005
MEDIA RELEASE
DE BEERS BRAZIL SELLS MARAVILHA DATA SET TO BRAZILIAN DIAMONDS LIMITED
Toronto - August 15, 2005 — De Beers confirms the sale of data relating to the Maravilha area to
Brazilian Diamonds Limited. Maravilha is located in the Minas Gerais State, in southeast Brazil,
approximately 150 km from Belo Horizonte.
In return for exploration data that covers an area of 64 sq kilometers, Brazilian Diamonds paid De
Beers Brazil CDN $50,000 in cash, and issued 450,000 Brazilian Diamonds Limited shares at a
value of CDN $250,000. As a result of the transaction, De Beers' shareholding in Brazilian
Diamonds increased to 3.3%, with warrants to acquire a further 1.9% interest. This is the fourth
transaction between De Beers and Brazilian Diamonds, strengthening the ties between the two
companies. The agreement covers all exploration data, including kimberlite locations, ground geophysics,
sampling, drilling, mineralogical and mineral chemistry results as well as geochronological and
petrographical reports. Sample concentrates and kimberlitic mineral grains will also be available to
Brazilian Diamonds Limited.
"With the expansion of its database, Brazilian Diamonds improves its position to unlock diamond
potential in Minas Gerais, and we are pleased to increase our exposure to the upside through our
shareholding," said Bill McKechnie, De Beers Group Director of Exploration. During the last three decades, De Beers Brazil has collected some 600,000 samples, conducted
geophysics over an area of approximately 110,000 sq kilometres, and found over 1,200 kimberlites
or related rocks in South America, the majority of which are in Brazil, with some in Venezuela and
Bolivia. De Beers maintains an exploration presence in Brazil and a sorting laboratory in Brasilia.
De Beers Brazil was the first exploration company to achieve ISO 14001 certification in South America and, in the second half of 2004, its sorting laboratory was the first in the Federal District to obtain ISO 17025 accreditation.
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| For further
information contact: |
Nicola Wilson
Media Relations
De Beers Group Exploration
Tel: 011 2711 374 7399
Email: nicola.wilson@debeersgroup.com
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