Newfield Resources Limited (Newfield or Company) (ASX: NWF) is pleased to announce that it has entered into an asset purchase and sales agreement with Del Gatto Diamond Finance Fund (DDFF or Del Gatto) to assist with the continued development of the Company’s Tongo Diamond Mine and for general working capital. Del Gatto Diamond Finance, through its flagship fund, the Del Gatto Diamond Finance Fund, provides flexible financing structures for diamond companies along the entire supply chain.

Executive Director, Karl Smithson, commented

“We are pleased to be working with the team at DelGatto and this deal gives the Company the further capital to continue our Tongo Diamond Mine development, increase our production, and maximize value for our investors. We found DelGatto to be knowledgeable and flexible to our requirements and look forward to a long-term relationship with DDFF.”

Mr. George Mashinini, Director of DDFF’s Johannesburg office added:

“We are thrilled to assist in the growth of the Tongo Diamond Mine, which we believe that it is truly a generational asset”,

“With 80% of its run of mine product being gem quality, Tongo is truly a unique diamond mine,” continued Chris Del Gatto, Co-Founder & CEO of DDFF.