Stornoway Announces Launch of Quebec Diamond Sales with Birks

Stornoway Diamond Corporation is pleased to announce the inaugural sale of Quebec-mined diamonds at a launch event hosted yesterday evening by Birks at their iconic Montreal flagship store.

In the presence of Birks Group President and CEO, Mr. Jean-Christophe Bédos, and Matt Manson, President and CEO of Stornoway, invited guests had the opportunity to view a collection of polished diamonds up to 10 carats in size, mined during the initial ramp-up period of Stornoway’s Renard Mine in Northern Quebec and set in Birks’ signature designs.

Matt Manson, President and CEO, commented: “We are honoured to be able to partner with Birks in the presentation of Quebec’s first diamonds to the retail market. It is fitting that these first beautiful, Quebec diamonds derived from Quebec’s first diamond mine should premier for sale at Maison Birks, Quebec’s most storied diamond jeweler. Yesterday evening’s event marked another step in the long journey to bring the Renard Mine and Renard diamonds to the global market.”

Birks will be presenting the first Quebec diamonds for sale at their Montreal flagship store at 1240 Philips Square, Montreal, Quebec, in Ottawa, Ontario between May 25th – May 31st and in Ste. Foy, Quebec between June 5th to June 19th.

About the Renard Diamond Mine
The Renard Diamond Mine is Quebec’s first producing diamond mine and Canada’s sixth. It is located approximately 250 km north of the Cree community of Mistissini and 350 km north of Chibougamau in the James Bay region of north-central Québec. Construction on the project commenced on July 10, 2014, and commercial production was declared on January 1, 2017. Average annual diamond production is forecast at 1.8 million carats per annum over the first 10 years of mining. Readers are referred to the technical report dated January 11, 2016, in respect of the September 2015 Mineral Resource estimate, and the technical report dated March 30, 2016, in respect of the March 2016 Updated Mine Plan and Mineral Reserve Estimate for further details and assumptions relating to the project.

About Stornoway Diamond Corporation
Stornoway is a leading Canadian diamond exploration and development company listed on the Toronto Stock Exchange under the symbol SWY and headquartered in Montreal. Our flagship asset is the 100% owned Renard Diamond Project, Québec’s first diamond mine. Stornoway is a growth oriented company with a world-class asset, in one of the world’s best mining jurisdictions, in one of the world’s great mining businesses.

On behalf of the Board
/s/ “Matt Manson”
Matt Manson
President and Chief Executive

For more information, please contact Matt Manson (President and CEO)
at 416-304-1026 x2101

or Orin Baranowsky (Interim CFO and Vice President, Investor Relations and Corporate Development)
at 416-304-1026 x2103
or toll free at 1-877-331-2232

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