The Company which was established in 2005 it purchased Karelian Diamonds Limited from Conroy Diamonds and Gold P.l.c.and Nordic Diamonds Limited from Conroy P.l.c. in 2005, together with all intellectual property and confidential proprietary data relating to the diamond exploration programmes in Finland of those two companies.

The Company’s strategy has been to achieve its objectives by means of an exploration approach based on a highly focused and cost effective methodology. This strategy has resulted in the delineation, at Seitaperä, of the largest diamond pipe so far found in Finland, the discovery, at Riihivaara, of a new kimberlite body and the acquisition of a mining permit over the Lahtojoki diamond deposit.

The Company’s shares were admitted to trading on AIM on September 1st, 2005 and to trading on the ESM market of the Irish Stock Exchange on December 7th 2009