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Rockwell Diamonds Inc.

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	October 09, 2008 Rockwell Estimates Six Months Earnings
	Rockwell Diamonds To Release Q2 Results On October 15, 2008 October 9, 2008, Vancouver, BC -- Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX:RDI;OTCBB:RDIAF;JSE:RDI) advises shareholders that earnings and headline earnings for the three month period ending August 31, 2008 are expected to be slightly lower than for the comparative quarter ended August 31, 2007. This is as a direct result of the loss on sale of the Minero Rocardo property which is excluded when headline earnings are calculated. As a result of the amount of shares outstanding the move on earnings per share shows 0% when rounded to two decimal places and is considered to be negligible. Headline earnings per share for the quarter ended August 31, 2008 also show a 0% move for the same reasons as the earnings per share and is also considered to be negligible. Basic and fully diluted per share loss figures will be included in the Company's definitive financial statements. The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors. The unaudited results for the period ended August 31, 2008 are expected to be published on October 15, 2008. The Company will host a telephone conference call on Thursday, October 16 at 10:00 a.m. Eastern Time (7:00 a.m. Pacific; 4:00 p.m. Johannesburg) to discuss these results. The conference call may be accessed by dialing (877) 591-4959, or (719) 325-4891 internationally. A live and archived audio webcast will also be available at on the Company's website at www.rockwelldiamonds.com. The conference call will be archived for later playback until Friday, October 24, 2008 and can be accessed by dialing (888) 203-1112 in Canada and the United States, or (719) 457-0820 and using the passcode 5716430. For further details on Rockwell Diamonds and its 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 No regulatory authority has approved or disapproved the information contained in this news release. Forward Looking Statements 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 Rockwell expects are forward-looking statements. Although Rockwell 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. Factors that could cause actual results to differ materially from those in forwardlooking 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, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those 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 www.sec.com and Rockwell's home jurisdiction filings that are available at www.sedar.com.

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© 2008 Rockwell Diamonds Inc.

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