Pangea DiamondFields plc has entered into an agreement with a senior employee of the Company for the sale of the Dimbi project in the Central African Republic.

The Company is separately closing its Etoile project, therefore marking the Company’s exit from the CAR.

Dimbi Diamonds SAU is wholly owned by Efidium Limited and therefore the consideration for the disposal will be acquired by International Gold Exploration AB following completion of the proposed sale of Efidium to IGE