ROCKWELL DIAMONDS INC.

Rockwell Diamonds Inc. announced financial results for the twelve months ending February 28, 2009. During fiscal 2009, Rockwell operated three alluvial diamond mines in South Africa– Holpan, Klipdam and Wouterspan - and successfully built and commissioned a new plant at Saxendrift, bringing its fourth operation into production. In the twelve months ending February 28, 2009, 17,503.0 carats were produced from operations at Holpan/Klipdam, Wouterspan and Saxendrift. The company sold 15,320.4 carats at an average price of US$2,159.30 per carat. Production losses were experienced in August-September 2008 from an industrial action, and as a consequence of the suspension of operations through December 2008-January 2009 in response to the credit crunch and precipitous decline in diamond prices. The average cash mining cost during the fourth quarter was US$5.08 per tonne, an increase from US$4.66 per tonne in the quarter ending February 29, 2008. This increase was due to the shutdown of two months during December 2008 and January 2009, and costs associated with retrenchment.