PRESS RELEASES

Regarding Coloured Gemstones and Gemfields

20 October 2008 -

Tender offer by Gemfields for T1 shares at 42.75p a share

25 September 2008 -

Gemfields Open Letter to Tanzanite One board

12 September 2008 -

Gemfields announces proposed offer for Tanzanite One Limited

19 June 2008 -

Watch Sean Gilbertson’s presentation to the 53rd Minesite Forum in London

6 June 2008 -

Pallinghurst completes Gemfields transaction

13 May 2008 -

Publication of Gemfields Admission Document and Conditional Placing Results

18 Dec 2007 -

Pallinghurst announces reverse takeover of Gemfields Resources plc