D.F.I's Red Sea Silver/Zinc/Copper Polymetallic Deposit Becomes First Marine SEDEX in History to have Third Party National Instrument 43-101 Resource Report Completed

VANCOUVER, July 26, 2011 /CNW/ --
(SYMBOL: DFI )

VANCOUVER, July 26, 2011 /CNW/ - Diamond Fields International Ltd. (TSX:
DFI) ('DFI' or the 'Company') is pleased to announce the world's first
NI 43-101 compliant resource estimate for a marine sedimentary
exhalative ('SEDEX') deposit, completed on the Company's Atlantis II
sea-floor deposit, located in the Red Sea. The NI 43-101 report was
compiled by ACA Howe International Limited ('ACA Howe').




The resource estimate compiled by ACA Howe is an independent report
prepared by a Qualified Person as defined by the Canadian National
Instrument 43-101 and the companion policy 43-101CP.

 ___________________________________________________________________________
|                             SUMMARY OF THE 2011 ACA HOWE                  |
|                  INFERRED RESOURCE FOR THE ATLANTIS II DEEPS DEPOSIT      |
|___________________________________________________________________________|
|      |Wet    |Sediment  |Sediment  |DSF*      |Metal      |Metal |DSF*    |
|      |Density|Volume m  |Tonnage   |Tonnage   |Tonnes     |Volume|Metal   |
|      |       |(3)       |[millions]|[millions]|[thousands]|Grade |Grade   |
|      |       |[millions]|          |          |           |      |        |
|______|_______|__________|__________|__________|___________|______|________|
|Zinc  |   1.29|    473.93|    604.21|     80.88|      1,643|  3.47|   2.03%|
|      |       |          |          |          |           |  kg/m|        |
|      |       |          |          |          |           |   (3)|        |
|______|_______|__________|__________|__________|___________|______|________|
|Copper|   1.29|    473.93|    604.21|     80.88|        368|  0.78|   0.46%|
|      |       |          |          |          |           |  kg/m|        |
|      |       |          |          |          |           |   (3)|        |
|______|_______|__________|__________|__________|___________|______|________|
|Silver|   1.29|    473.93|    604.21|     80.88|       3.35| 7.07 |41.14g/t|
|      |       |          |          |          |           |g/m(3)|        |
|______|_______|__________|__________|__________|___________|______|________|

(* Dry Salt Free (DSF))

The report is based on 589 cores collated from the Preussag A.G.
exploration results (1969-1979).

In compiling the resource estimate, ACA Howe noted that:

    --  The estimated tonnages and grades include both high and low
        grade areas of the Atlantis II Deeps, of which only the top 8.5
        meters of sediment has been sampled and the deposit is
        therefore open at depth. The average total thickness of the
        deposit is known to exceed 30 meters.

    --  Higher grade copper, zinc and silver mineralization is
        contained within the South West, West and Eastern sub-basins
        where metre core intersects of up to 22.47% zinc, 2.05% copper
        and 338 g/t silver have been obtained.

    --  Historic resource estimates reference the presence of
        significant co-product metal values including manganese, lead,
        cobalt, cadmium and gold.

The Company is confident that the feasibility work now underway will
enable the true value of the co-product metal mineralization to be
realized and reflected in a future updated NI 43-101 report. However
the Company is not treating the historic estimates as a current NI
43-101 defined resource and the historical estimates of co-products
should not therefore be relied upon.




Ian Ransome, DFI's CEO said, 'This is a mining first. Combined with the
substantial data DFI already has on the Atlantis II deposit and the
Company's experience as one of only a handful of companies to
commercially mine the oceans, uniquely places Diamond Fields to develop
the Atlantis II deposit. Together with its joint venture partner Manafa
International of Saudi Arabia, the Company now moves to the feasibility
and financing stages of developing this world-class marine deposit.'




DFI and Manafa are in financing discussions with institutions and funds
in Canada, Europe and the middle-east that have expressed an interest
in the project. As operator and majority interest holder, DFI has begun
a pre-feasibility study, including discussions with third parties for
additional coring that will penetrate beyond the uppermost, sampled
layers of the deposit, and permit a complete assessment of the
poly-metallic value of the ore body.




The ACA Howe NI 43-101 compliant resource estimate will be filed and
published on SEDAR within the next 45 days.




Information of a scientific or technical nature contained in this
release has been prepared and reviewed by Ian Ransome, Pri, Nat. Sci.
Chief Executive Officer, who constitutes a 'qualified person' within
the terms of National Instrument 43-101 regulations.




DIAMOND FIELDS INTERNATIONAL LTD.




'Wayne Malouf'




Wayne Malouf, Chairman


Ian Ransome, Chief Executive Officer


For further information, contact 1 604 685 9911


Website: www.diamondfields.com




Forward-Looking Statements:


Statements in this release that are forward-looking statements are
subject to various risks and uncertainties concerning the specific
factors identified in Diamond Fields' periodic filings with Canadian
Securities Regulators. Such forward-looking information represents
management's best judgment based on information currently available. No
forward-looking statement can be guaranteed and actual future results
may vary materially. Diamond Fields does not assume the obligation to
update any forward-looking statement, except as otherwise required by
law.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/July2011/26/c7342.html

1 604 685 9911
Website: www.diamondfields.com