October 20, 2008 Rockwell Announces Appointment Of New Chief Financial Officer
October 20, 2008 Vancouver, BC - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) announces the appointment of Desmond Morgan as its new Chief Financial Officer. Mr Morgan replaces Dominique de la Roche, who has resigned as Chief Financial Officer and Director and will be leaving the Company at the end of October to pursue other opportunities.
Desmond Morgan is a Chartered Accountant with an Honours Degree in Accounting Sciences from the University of South Africa (UNISA). He completed his articles at Price Waterhouse, and subsequently worked for Dorbyl Ltd, developing the Automotive Aftermarket division. Thereafter he joined the Modern Africa Fund Managers LLC, an equity fund operating in Sub Sahara Africa north of the Limpopo River Province in association with the Overseas Private Investment Corporation of the US Government.
As an independent contractor over the last seven years, he has completed projects with UCAR Ltd (Graf Tech International), Anglo Gold Ashanti on the Mponeng and Tau Tona mines, Barclays Bank (Zambia), Barrick Gold (Tanzania), and the Gauteng Shared Service Centre.
Mr Morgan has extensive high level and operational financial management and accounting experience in mining, manufacturing, communications, finance, mergers and acquisitions, and corporate environments. This has included reporting to investors in the USA, the UK and Europe, and meeting the required international reporting standards in these jurisdictions, and managing projects and portfolios in Kenya, Tanzania, Uganda, Ghana, Ivory Coast and Zambia.
President and CEO John Bristow said "The appointment of Desmond Morgan adds invaluable experience to our recently expanded financial management team. He also provides operational experience which will be of benefit to the Company in its drive to expand its South African operations and growth footprint and, in due course, acquire and consolidate production-focused projects and companies in other parts of southern and central Africa.
On behalf of the Board, I would also like to express our appreciation of the important role played by Mr de la Roche during his tenure as CFO and director and we all wish him well in his new ventures. "
For further details on Rockwell Diamonds Inc., 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
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