Botswana Diamonds : MARSFONTEIN UPDATE

2nd March 2023

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

Marsfontein Update

Botswana Diamonds plc ('BOD') the London AIM and Botswana Stock Exchange listed diamond exploration and development company is pleased to provide an update on its Marsfontein project in South Africa. As previously announced, the Vutomi owned alluvial and dump mine at Marsfontein was expected to produce diamonds in February. Site establishment commenced during the course of the last week of January 2023 and since that time, approximately 1,500 tons of eluvial gravels from the main Marsfontein pipe have been excavated and are awaiting processing. The processing plant has been established and commissioning with gravels has just commenced. First recoveries of diamonds are therefore now expected this month and a further announcement will be made in due course.

A copy of this announcement is available on the Company's website,

www.botswanadiamonds.co.uk

Enquiries:
Botswana Diamonds PLC
John Teeling, Chairman	[phone]
James Campbell, Managing Director	[phone]
Jim Finn, Director	[phone]
Beaumont Cornish - Nominated Adviser
Michael Cornish	+44	(0)	020 7628 3396
Roland Cornish
Beaumont Cornish Limited - Broker	+44	(0)	207 628 3396
Roland Cornish
Felicity Geidt
First Equity Limited - Joint Broker	+44	(0)	207 374 2212
Jason Robertson

BlytheRay - PR	[phone]
Megan Ray	[phone]
Rachael Brooks	[phone]
Said Izagaren	[phone]
Teneo
Luke Hogg	[phone]
Alan Tyrrell	[phone]

www.botswanadiamonds.co.uk