KIM Kimcor

RNS Number:7157J
Dwyka Resources Limited
12 December 2007


               Dwyka Resources Limited ('Dwyka' or the 'Company')


                     Dwyka holds 48% of KimCor Diamonds Plc


The directors of Dwyka Resources Limited ("Dwyka" or "the Company") and the
directors of KimCor Diamonds Plc ("KimCor") today announce that Dwyka has
reduced its shareholding in KimCor from 50.09% to 48.2% of KimCor's issued share
capital, via the sale of 5,050,000 shares to institutional and high net worth
clients of Ambrian Partners Limited and Strand Partners Limited.


In the period since KimCor acquired the assets of Dwyka Diamonds Holdings it has
successfully commenced a capital expenditure programme to build its diamond
production to 200,000 carats per annum.  The Board of Dwyka is of the view that
KimCor's management is on track with its objectives and has therefore, in
consultation with KimCor, elected to reduce its holding to below 50% to reflect
KimCor's independence and Dwyka's confidence in its Board.


The sale has realised gross proceeds of GBP 293,106 for Dwyka, which will used
for general working capital purposes.


Enquiries:


In Australia

Melissa Sturgess/Mike Langoulant

Dwyka Resources Limited

(+618) 9324 2955



In the United Kingdom

Richard Brown

Ambrian Partners Limited

(+44) 20 7776 6417



Charlie Geller/Leesa Peters

Conduit PR

(+44) 20 7429 6604 or (+44) 7970 067 320


or visit http://www.dwyresources.com


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

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