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Rockwell Diamonds Inc.

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	November 28, 2007 Rockwell To Complete $15 Million Financing With JSE Listing
	November 28, 2007 Vancouver, BC - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSXV: RDI; OTCBB: RDIAF) announces a brokered private placement of approximately 25 million shares at a price of C$0.60 per share in a private South African financing to be completed concurrently with listing of Rockwell shares on the Johannesburg Stock Exchange ("JSE") on November 30, 2007. The Shares will be restricted from resale in Canada and through the TSX Venture Exchange for a four-month period from the completion date which is targeted for November 30, 2007. The shares in the financing will trade on the JSE immediately after issuance. Commissions of 4% will be payable on the placement, half in cash and half in shares. The financing is subject to TSX Venture Exchange approval. Proceeds from the financing will be used to fund Rockwell's diamond operations This news release is not an offer of securities for sale in the United States nor in any other jurisdiction where they may not be lawfully offered or sold. The securities comprising this offering have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent such registration or an exemption from registration. For further details on Rockwell and its diamond properties, please visit the Company's website at www.rockwelldiamonds.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114. John Bristow President and CEO Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release. Forward Looking and other Cautionary Information This release includes certain statements that may be deemed "forward-looking statements". Other than statements of historical fact all statements in this release that address future production, reserve or resource potential, exploration drilling, exploitation activities and events or developments that each Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. There is no certainty of the financing completing. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, changes in and the effect of government policies regarding mining and natural resource exploration and exploitation, availability of capital and financing, geopolitical uncertainty and political and economic instability, and general economic, and market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Rockwell, Investors should review Rockwell's annual Form 20-F filing with the United States Securities and Exchange Commission at www.sec.com and the Company's home jurisdiction filings that are available at www.sedar.com.

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© 2008 Rockwell Diamonds Inc.

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