Completion of Underground Mine aquisitions

DWYKA RESOURCES LIMITED ('DWYKA' OR THE 'COMPANY') COMPLETION OF UNDERGROUND MINE ACQUISITIONS The Directors of Dwyka Resources Limited ("Dwyka" or "the Company") today announce that it has settled the deferred consideration due in relation to the acquisition of Bellsbank Mining Number One (Proprietary) Limited, Kophia Diamonds (Proprietary) Limited and Rex Exploration (Proprietary) Limited. These companies hold the Blaauwbosch, Newlands and New Elands Mines and were acquired in August 2005. As part of the settlement Dwyka has been released from outstanding commitments and ongoing obligations related to these entities. Under the terms of the settlement Dwyka announces that it has issued 2,349,400 fully paid ordinary shares in the Company to Acorn Mining (Pty) Limited, Acorn Financial Instruments (Pty) Limited and Capital Frontiers LLC. These shares have been issued at GBP0.35 ($A0.84) in accordance with the terms of the original purchase agreement. The settlement facilitates the negotiation process in relation the potential sale of the Company's diamond interests as announced on 17 January 2007. Application has now been made to the AIM Market of the London Stock Exchange ("AIM") for 2,349,400 Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00am on 10 August 2007. Dwyka now has 128,669,206 Shares in issue. Enquiries: Melissa Sturgess Dwyka Resources Limited (+618) 324 2955 In United Kingdom Richard Brown Ambrian Partners Limited (+44) 20 7776 6417 Charlie Geller/Leesa Peters Conduit PR (+44) 20 7429 6604 or (+44) 7970 067 320 or visit ---END OF MESSAGE---