Pala Calls Shareholders Meeting of Rockwell Diamonds

TORONTO--(Business Wire)--
Pala Investments Holdings Limited ("Pala") announces today that it is calling a
special and general shareholders` meeting (the "Meeting") of Rockwell Diamonds
Inc. ("Rockwell", TSX:RDI, JSE:RDI, OTCBB:RDIAF).

The record date for the Meeting is May 14, 2009 and the Meeting will be held on
June 17, 2009 in Vancouver, British Columbia. The Meeting is being called to
transact the following business:

1. To pass the
following
special
resolution
to remove
each of the
directors
of the
Company
pursuant to
section
128(3)(a)
of the
British
Columbia
Business
Corporation
s Act (the
"Act") and
section
14.10 of
the
Articles of
the
Company,
namely:

"Resolved,
as a
special
resolution
of the
Company,
that each
of the
directors
of the
Company be
and is
hereby
removed as
a director
of the
Company";

2. To elect
directors
of the
Company
pursuant to
section
131(a)(i)
of the Act
and section
14.10 of
the
Articles of
the
Company;
and

3. To amend
and then
terminate
the
Company's
Shareholder
Rights Plan
Agreement.

On March 23, 2009, Pala delivered a meeting requisition to Rockwell pursuant to
Section 167 of the Act with respect to the above business. The directors of
Rockwell failed to call the requisitioned meeting within 21 days of the
requisition and Pala is therefore exercising its right to call the shareholder
meeting pursuant to Subsection 167(8) of the Act. Pala currently owns
approximately 19.94% of the common shares of Rockwell.

About Pala

Pala, based in Jersey, Channel Islands, is a US$1.0 billion multi-strategy
investment company with a particular focus on mining and natural resource
companies in both developed and emerging markets. Pala Investments` exclusive
investment advisor, Pala Investments AG, is a Switzerland-based team with
extensive experience within the mining and natural resource sectors. Pala
Investments seeks to assist companies in which it has long-term shareholdings by
providing strategic advice and innovative financing solutions.

For Further Information:
Pala Investments AG
Colin Murray, +41-41-560-9070

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