BDY Brazilian

RNS Number:4901P
Brazilian Diamonds Limited
15 January 2007


                           BRAZILIAN DIAMONDS LIMITED

          FURTHER MICRODIAMONDS RECOVERED AT REGIS KIMBERLITE PROJECT

Vancouver, British Columbia, Canada.  January 15, 2007.  Brazilian Diamonds
Limited (BDY: TSX/AIM) is pleased to announce that it continues to recover both
micro and macro diamonds from core drilling on its large Regis kimberlite
project in Brazil.  These new results confirm that the Regis kimberlite is
diamond-bearing and provides further support for the Company's in-house
exploration model for diamond-bearing kimberlites within this region of Brazil.
The ongoing validation of this model further enhances the exploration potential
of the other kimberlite targets within the Company's licence portfolio.

The Company has now received the results of caustic fusion testing for
micro-diamonds from the second drill hole at the Regis kimberlite.  This second
drill hole, RDH02, returned a total of 20 micro-diamonds from 381.3 kilograms
(kg) of kimberlite core processed.  RDH02 was drilled vertically to a depth of
251 metres (m), with kimberlite core sampled from the 88m to 251m interval.
Significantly, 18 of the 20 micro-diamonds recovered were encountered from the
interval between 229.6m and 243.9m vertical depth, which weighed 32.5 kg in
total.  This prolific interval is now being examined further to determine
whether it represents a high grade portion of the kimberlite.

Core from RDH02 was split at the Company's Patos de Minas laboratory and shipped
in 47 batches of approximately 8 kg each to the Saskatchewan Research Council
(SRC) Laboratory, in Saskatoon, Canada.  The kimberlite was tested for
micro-diamonds using the caustic fusion method with a bottom screen size of
0.075 mm; micro-diamonds which remained on 0.075 to 0.212 mm screens were
recovered. (Table 1).

Table 1: Size distribution of micro-diamonds from drill hole RDH02 at the Regis
Kimberlite Pipe, in central Minas Gerais State, Brazil.

Screen size                                   No. of        Total sample weight
                                      micro-diamonds

0.600mm                                            0
0.425mm                                            0
0.300mm                                            0
0.212mm                                            1
0.150mm                                            1
0.106mm                                            9
0.075mm                                            9

                                                  20                   381.3 kg

RDH02 was drilled vertically 112m east of RDH01, which was previously reported
in a press release dated October 17, 2006 as yielding 129 micro-diamonds from
348.75 kg of kimberlite.  Drill holes RDH01 and RDH02 were completed in August
2006 to depths of 317m and 251m respectively, in a central, pipe-like zone of
approximately 20 hectares in size within the larger Regis kimberlite body.  This
central pipe-like body was previously untested by previous exploration and is
now demonstrated to be diamond-bearing.

Delineation of this central pipe at the Regis Kimberlite continues with drill
holes RDH03 and RDH04 having been recently completed to vertical depths of
152.0m and 364.3m respectively.  Preliminary examination of core suggests RDH03
and RDH04 comprise multiple kimberlite phases including a new, previously
untested mantle xenolith-rich interval in RDH03.  Each kimberlite phase has the
potential for carrying a different concentration of diamonds.  Two additional
holes (RDH05 and RDH06) are currently being completed in order to more fully
delineate the central pipe.  Core from each drill hole will be sent to SRC for
micro-diamond testing and the results expected during the first and second
quarters of 2007.

In addition to the caustic fusion tests completed on drill holes RDH01 and
RDH02, selected intervals from the reference half split core from drill hole
RDH01 were processed for indicator minerals at the Company's Patos de Minas
laboratory, which is ISO 17025 rated for certain indicator mineral recovery
processes.  The intervals processed consisted of the two zones which produced
high micro-diamond counts, 113.4 to 142.8m and 301.7 to 311.5m.  The interval
301.7 to 331.5m (start weight 10.0 kg) yielded high counts of typical
kimberlitic Cr-pyrope garnets, chrome diopside, forsteritic olivine, enstatite,
chromite, Mg-ilmenite and two diamond fragments.  These diamond fragments are
both 0.6 mm in the longest dimension and appear to be broken pieces of the same
original stone.  The indicator mineral samples from RDH01 were crushed until 
greater than 90% of material passed through a -1.0 mm screen, using a bottom
screen size of 0.25 mm.  The samples were concentrated for heavy minerals using
water columns and then picked for indicator minerals including diamonds by hand
under optical microscopes.

The Company considers that the recovery of micro-diamonds from both of the first
two deep drill tests of the Regis Kimberlite to be an important advance, both
for the ongoing testing of the pipe itself, and for our diamond exploration
model, which will be further tested at other kimberlite targets within the
region.  Results from the next phase of drilling will be announced as soon as
they become available.

Dr. Harrison Cookenboo (P.Geo) and Consulting Geologist is the Qualified Person
as defined under National Instrument 43-101 responsible for the technical
disclosure in this release, and has reviewed and approved the contents of this
release.

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 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 this licensing process is completed.

The Company has recently acquired the Chapada Diamantina project in Bahia from
De Beers which includes the diamondiferous Salvador 1 kimberlite.  Plans are
under-way to undertake a large bulk sample at Salvador 1 utilizing a 15 tonne
per hour DMS treatment plant, which is currently located at the Company's Santo
Antonio do Bonito property.  De Beers retains a right to acquire up to 40% of
any kimberlite found containing more that 200 carats of diamonds on the Chapada
Diamantina properties.

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 Antonio and Coromandel areas.  The Company has a highly experienced
team including four geologists most of whom are 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 currently underway for a
joint venture for the mining of alluvial diamonds on its properties in the Santo
Antonio river drainage. The joint venture involves two important Brazilian
companies: CODEMIG, the state owned mining development organisation 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
Ken Judge, Chairman                                            + 44 7733 001 002
Stephen Fabian, President & CEO                                + 55 31 8814 5111

Investor Relations
Europe                                                         + 44 207 590 5503
North America                                                     1-866-689-2599

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

Teather & Greenwood: Landsbanki (Broker to the Company)        + 44 20 7426 9000
James Maxwell


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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