Rockwell Diamonds Inc. (TSX:RDI) has provided the following update on its continuing strategic review and implementation of the mining contract. Rockwell disclosed in the second quarter management discussion and analysis issued in mid-October that it was undertaking a strategic review of its assets and business options. As a consequence of this review, the company has received offers for certain assets and is considering its options and the possibility of transacting on one or more of the assets. Should a transaction be concluded, it is anticipated that it would improve liquidity and the company's working capital position. The materiality of the considered transaction is not considered to be of such a size to require shareholder approval, and the market will be updated on any further developments and/or final transaction agreements.