March 17, 2014

Shares Issued and Outstanding: 22,857,675

TSX-V: KDI

Toronto, Ontario, March 17, 2014 – Kennady Diamonds Inc. ("Kennady Diamonds", the "Company") (TSX-V: KDI) is pleased to provide an update on resource drilling at the Company’s 100-percent controlled Kennady North diamond project located in Canada’s Northwest Territories.

Infill and delineation drilling at the Kelvin kimberlite is progressing on schedule with ten drill holes completed to date. The drill program is designed to increase the level of confidence in the dimensions of the Kelvin kimberlite main body and northwest lobe prior to the commencement of larger diameter drilling to recover the planned 25 to 30 tonne mini-bulk sample. Two drill rigs are currently operating and a third larger diameter drill rig is expected to commence bulk sample drilling shortly.

Table 1 below details the latest drill results.

*Not true widths

**Includes minor country rock intercepts

A total of approximately 1,500 meters has been drilled to date out of a planned 10,000 meter drill program. Approximately 444 meters of kimberlite, weighing approximately 1.85 tonnes, has been recovered from the first ten drill holes. Commenting, Kennady Diamonds CEO, Patrick Evans, said: "Our 2014 winter drill program has made a strong start. The current drilling is providing confirmation of the dimensions of the high grade Kelvin kimberlite and increasing our confidence in the geological model".

Mr. Evans added: "Preliminary interpretation of results from our ground geophysics program at the Kelvin – Faraday kimberlite corridor is also producing exciting results. It appears that the prospect of further kimberlite discoveries within the corridor exists and that the kimberlite emplacement within the corridor may extend beyond the currently defined Kelvin and Faraday kimberlites. Subject to confirmation of these preliminary results, drill testing of new targets within the corridor may occur."