RNS Number:9274E
KimCor Diamonds plc
02 October 2007



                              KimCor Diamonds plc
                          ("KimCor" or the "Company")

                                Grant of options

The Company announces that, as envisaged in the admission document dated 21
August 2007, options under the Company's Share Option Plan were granted to
certain key employees and consultants on 1 October 2007 as follows:
                                                                  
                                                  No. of options over ordinary 
                                                           shares of 0.5p each
Melissa Sturgess       Non-Executive Chairman                          850,000
Roger Harris           Non-Executive Director                          850,000
Martyn Churchouse      Chief Executive                                 850,000
Cedric Bredenkamp      Managing Director                               850,000
Sarah Rossi            Company secretary                               450,000
Michael Johnson        Consultant                                      400,000

All of the options granted have a strike price of 7.75p.

Except in the case of Martyn Churchouse, the vesting periods of the options
issued is one-third per annum from the date of grant, and options not vested
will lapse on the individual ceasing to be an employee, director or consultant
(as applicable). Any options vested will lapse if not exercised within 3 months
of the date of any such cessation.

                                   ---ENDS---

Enquiries:

KimCor Diamonds plc Tel: 020 7290 1400
Martyn Churchouse

Strand Partners Limited Tel: 020 7409 3494
Simon Raggett, Warren Pearce

Bishopsgate Communications Ltd Tel: 020 7562 3350
Maxine Barnes, Nick Rome




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

END
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