BDY Brazilian

RNS Number:9883P
Brazilian Diamonds Limited
13 March 2008



                           BRAZILIAN DIAMONDS LIMITED

                   DISPOSAL OF INTEREST IN HIDEFIELD GOLD PLC


Brazilian Diamonds Limited ("Brazilian Diamonds" or the "Company") announces
that Hamilton Capital Partners Limited ("Hamilton"), a company with which
Kenneth Judge, the Chairman of the Company, is associated, has today purchased
2,000,000 ordinary shares in Hidefield Gold plc ("Hidefield") held by BSG
Investments Inc. ("BSG"), a wholly owned subsidiary of Brazilian Diamonds at
price of 4.75p per share for a total consideration of �95,000.

Following this transaction, Brazilian Diamonds, through its subsidiary BSG,
holds an interest in 7,625,000 ordinary shares in Hidefield, representing 2.77
per cent of the issued share capital.

The purchase of the shares by Hamilton is deemed a related party transaction
under AIM Rule 13.  In accordance with this rule, the independent directors of
Brazilian Diamonds, having consulted with Hanson Westhouse Limited, the
Company's Nominated Adviser, consider that the terms of the transaction are fair
and reasonable insofar as the shareholders of the Company are concerned.



Enquiries:

Brazilian Diamonds Limited
Ken Judge, Chairman                                            + 44 7733 001 002
Stephen Fabian, CEO                                            + 55 31 8814 5111

Investor Relations
Europe                                                         + 44 207 590 5503
North America                                                     1-866-689-2599

Hanson Westhouse Limited (Nomad to the Company)                + 44 113 246 2610
Tim Feather/Matthew Johnson

Landsbanki Securities (UK) Limited (Broker to the Company)     + 44 207 426 9000
Tom Hulme




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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