North Australian Diamonds Limited Trading in the US on the Over-The-Counter Market

North Australian Diamonds Limited (ASX:NAD, Pink Sheets:NADLY), (the
'Company' or 'NADLY?) is pleased to announce that the Company′s
sponsored American Depository Receipts ('ADR?) are trading on the
Over-The-Counter Pink Sheets under the ticker symbol, NADLY. The ADR′s
trade in the ratio of 1 ADR being equal to 10 Ordinary Shares. The
listing enhances NADLY′s marketing efforts in the United States allowing
US citizens to trade the Company′s shares more efficiently.

About North Australian Diamonds Limited

North Australian Diamonds Limited is a publicly listed company traded on
the Australian Stock Exchange under the symbol 'NAD? and on the
U.S. OTC market under the symbol 'NADLY?. The Company is
developing its flagship Merlin Diamond Mine Project in the Northern
Territory, Australia and is engaged in extensive exploration for
additional sources of diamonds in and around Merlin. North Australian
Diamonds is led by Joseph Gutnick, a prominent Australian mining
industry entrepreneur, who has overseen some of Australia′s largest and
most prestigious resource discoveries. For further information, please
refer to the Company′s website at www.nadl.com.au

North Australian Diamonds Limited

Joseph Gutnick, +011 613
8532 2800

Executive Chairman

Fax: +011 613 8532 2805

josephg@axisc.com.au

or

New
York Office

Tel: 212-223-0018

Fax: 212-223-1169

info@nadl.com.au