VANCOUVER, June 11 /CNW/ - The Audit Committee of Rockwell Diamonds Inc.

(TSX: RDI; JSE: RDI; OTCBB: RDIAF) ("Rockwell" or the "Company") wishes to clarify the Executive Directors' press release of today's date regarding their selection of Haywood Securities Inc. ("Haywood") to back-stop a proposed rights offering.

The Audit Committee advises shareholders that the agreement

with Haywood has not been approved by the Company's board of directors or the Audit Committee. Accordingly, neither the agreement with Haywood, nor the disclosure thereof in the Executive Directors' press release, should be construed as being mandated by the Company.

In the circumstances, the Audit Committee believes that the decision to engage Haywood should have been presented to the whole board of directors and should have been the subject of a competitive bid process.

The Executive Directors did not make any presentation to, and did not consult with, the Audit Committee with respect to the rights offering and no justification with respect to the amount to be raised in the rights offering has been provided to the Audit Committee. The Audit Committee fails to see how a determination regarding the amount of financing Rockwell requires can be made until the Company's financial statements for the year ended February 28,

2009 are completed.

Further, the Executive Directors' press release neglects to state that Haywood's offer to act as standby guarantor of a rights offering is subject to a number of conditions, including, significantly, that satisfactory syndication and financing arrangements be made with respect to the standby guarantee. As such, Haywood's offer to act as standby guarantor should in no way be construed by shareholders as an offer by Haywood to independently back-stop any rights offering by the Company.

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No regulatory authority has approved or disapproved the information

contained in this news release-30-

/For further information: Bill Fisher, Chair of the Audit Committee c/o

(604) 643-3197/