CLIFFORD ELPHICK FORMS GEM DIAMOND MINING COMPANY OF AFRICA LIMITED

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07 Feb 2006

Clifford Elphick is pleased to announce the formation of GEM Diamond Mining Company of Africa Limited (GDMCA). The company commenced business in July 2005 and has interests in Angola, Democratic Republic of Congo and Central African Republic.

GDMCA concentrates its efforts on known diamond deposits rather than being an exploration company. Clifford Elphick, CEO of GDMCA said: "Northeastern Angola, Southwestern DRC and CAR remain areas of significant potential and we believe the business environment in these countries is improving".

Several projects are in the early evaluation and sampling phase.

For further information:
Gaynor Stone
OrangeK

Sherryn Tedder, Investor Relations
Tel: +27 11 447 7893
Fax: +27 11 447 5413
Mob: +27 82 578 7001
Email: Gaynor@orangek.co.za

Biographies and photographs are available on request.