Diamond Fields and David Heydon Sign Deep Sea Mining Agreement

	    VANCOUVER, March 24 /CNW/ - Diamond Fields International Ltd. (DFI:TSX)
("DFI" or the "Company") is pleased to announce that it has entered into an
agreement with DeepGreen Resources Inc. and its Chairman David Heydon, to
jointly develop non-diamond marine deposits identified by DFI. David Heydon
was the founding President and CEO of Nautilus Minerals Inc. (NUS:TSX), the
first company to commercially explore the seafloor for massive sulphide
deposits, a potential source of high grade copper, gold, zinc and silver. He
was responsible for Nautilus's corporate strategy, including the introduction
of major resource companies - Barrick Gold, Gazmetall Holding an associate of
Metalloinvest one of the largest and fastest growing mining and metallurgical
holdings in Russia, Anglo American plc, and Teck Cominco Limited as
shareholders. In addition, Mr. Heydon led the Initial Public Offering ("IPO")
of Nautilus on the TSX and AIM, raising over US$360 million in the first two
years to fund development of the world's first deep sea copper - gold mine at
a water depth of 1,600 metres.
	    David Heydon commented, "I am excited to team up with Diamond Fields, one
of the few established marine mining companies. We will be following the lead
set by the offshore oil and gas industry to tap vast offshore resources."
	    Wayne Malouf, DFI's Chief Executive Officer said "Diamond Fields
previously announced that it was expanding its marine mining business and
targeting opportunities globally. The Company is very fortunate to be working
with someone of David Heydon's reputation and expertise in that endeavor."

	    DIAMOND FIELDS INTERNATIONAL LTD.

	    "Wayne Malouf"

	    Wayne Malouf, Chief Executive Officer

	    Forward-Looking Statements:

	    Statements in this release that are forward-looking statements are
subject to various risks and uncertainties concerning the specific factors
identified in Diamond Fields' periodic filings with Canadian Securities
Regulators. Such forward-looking information represents management's best
judgment based on information currently available. No forward-looking
statement can be guaranteed and actual future results may vary materially.
Diamond Fields does not assume the obligation to update any forward-looking
statement.






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	    /For further information: Wayne Malouf at (604) 685-9911, Website:
www.diamondfields.com/