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Gold/Mining/Energy : Global Diamond (GDRS) -- Ignore unavailable to you. Want to Upgrade?

To: Eugene Brill who wrote (77)	4/20/1999 6:48:00 PM
From: the baron	Read Replies (1) \| Respond to of 88

Is it me or has this stock gotten somewhat cheap in the last few weeks. Eugene do you have any thoughts on this some market trends problems in Africa or problems with the $$ that came in during Jan. Any Thoughts?? the Baron

To: Eugene Brill who wrote (77)	7/9/1999 3:02:00 PM
From: Eugene Brill	Read Replies (1) \| Respond to of 88

GRASDRIF DIAMONDS SOLD FOR $727 PER CARAT. LA JOLLA, Calif. - Global Diamond Resources, Inc., ("Global") is pleased to announce that the first parcel of large high quality gemstone diamonds recovered from its trial mining activities at its Orange River Grasdrif property was sold for an average price of $727 per carat. This amounts to an increase of 16% over the budgeted price of $625 per carat. The trial mining activities are being conducted in advance of actual production with the objective of determining the geological constraints of the concentration of diamonds in the deposit. To determine these constraints material that would not ordinarily be processed was included in the trial mining. As such the grade becomes irrelevant at this stage. The entire run-of-mine production consisting of 57 diamonds with a total weight of 142.47 carats was sold for an amount of $103,584. The parcel included a 17.52 and a 21.44-carat gemstone diamond, which were both sold for $1,500 per carat. The Grasdrif property is estimated to contain some 82 million tonnes of diamondiferous alluvial gravel, with a potential to yield more than 1 million carats of large high quality gemstone diamonds. Global's management recovered more than 500,000 carats of large high quality gemstone diamonds from properties along the Orange River in a previous venture. The erection of additional production facilities at the Grasdrif property, funded with the $6 million financing completed in December 1998 is progressing on schedule and the plant should be commissioned during the third quarter of 1999. This press release contains forms of forward-looking statements that are based on the Company's beliefs as well as assumptions made by and on information currently available to the Company. Such statements are subject to certain risks, uncertainties and assumptions, which are identified and described in the Company's 1996 Annual Report on Form-10-KSB and subsequent Quarterly Reports on Form 10-QSB on file with the SEC. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results will vary materially from those anticipated, estimated, or projected and the variations may be material. For more information about Global visit our Website at globaldiamond.com or call Eugene Brill at (800) 424-6533 or (858) 459-0045.