North Australian Diamonds Limited Trading in the US on the Over-The-Counter Market

MELBOURNE, Australia, Oct 07, 2011 (BUSINESS WIRE) -- North Australian Diamonds Limited (asx:NAD), (the "Company" or "NADLY") is pleased to announce that the Company's sponsored American Depository Receipts ("ADR") are trading on the Over-The-Counter Pink Sheets under the ticker symbol, NADLY. The ADR's trade in the ratio of 1 ADR being equal to 10 Ordinary Shares. The listing enhances NADLY's marketing efforts in the United States allowing US citizens to trade the Company's shares more efficiently.

About North Australian Diamonds Limited

North Australian Diamonds Limited is a publicly listed company traded on the Australian Stock Exchange under the symbol "NAD" and on the U.S. OTC market under the symbol "NADLY". The Company is developing its flagship Merlin Diamond Mine Project in the Northern Territory, Australia and is engaged in extensive exploration for additional sources of diamonds in and around Merlin. North Australian Diamonds is led by Joseph Gutnick, a prominent Australian mining industry entrepreneur, who has overseen some of Australia's largest and most prestigious resource discoveries. For further information, please refer to the Company's website at www.nadl.com.au

SOURCE: North Australian Diamonds Limited