Die design is one of the most important steps in Powder Metallurgy process because the shape and attributes of the die will directly affect the final component. Die design has a number of steps and considerations to be made before fabrication. This project is an attempt to design and fabricate a die for cold compaction process used in the powder metallurgy process. This project includes design and fabrication of a die for the fabrication of a rectangular specimen, which used to test the impact strength of the specimen using Izod impact test and Charpy impact test. The die is designed according to the standards of ASTM B925 with the die being made of AISI D3 tool steel with the punch material being AISI D2 steel. This project also includes the design considerations, calculations, 2-D drawings, 3-D model and processes involved in fabrication of the die.