SASKATOON, Feb. 12, 2018 TSX:
DIAM
/CNW/ - Kenneth E. MacNeill, President and CEO of Star Diamond Corporation (the
"Corporation") is pleased to confirm that the Corporation has commenced trading on the Toronto Stock Exchange under this new name
and the new stock symbol "DIAM". The Corporation's website domain is now www.stardiamondcorp.com .
The new corporate name, Star Diamond Corporation, is in honour of the Star Kimberlite, located in the Fort à la Corne forest
of Saskatchewan, Canada. It was the exploration and evaluation work completed on the Star
Kimberlite that demonstrated the significant quality, size and value of the contained diamond populations. These high value
diamonds facilitated the consolidation and advancement of the Corporation's Fort à la Corne area kimberlites, including the Star
- Orion South Diamond Project.
The name change does not affect the rights of the Corporation's shareholders. No further action is required by existing
shareholders with respect to the name change, and certificates representing common shares of Shore Gold Inc. will not need to be
surrendered or exchanged unless a transfer is being requested.
About Star Diamond Corporation
Star Diamond Corporation is a Canadian based corporation engaged in the acquisition, exploration and development of mineral
properties. The Corporation's Star-Orion South Diamond Project is located in central Saskatchewan some 60 kilometres east of the city of Prince Albert. The Project is in close proximity to
established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for
future mine development. The Technical Report on the Revised Resource Estimate for the Star - Orion South Diamond Project dated
November 9, 2015 provided an updated Mineral Resource Estimate for the Star and Orion South
kimberlite deposits: Indicated Mineral Resources of 393 million tonnes containing 55.4 million carats of diamonds at a weighted
average price of US$210 per carat. In addition to the Indicated Mineral Resource Estimate, the Star
and Orion South Kimberlites include Inferred Resources containing 11.5 million carats. During 2017, the Corporation granted Rio
Tinto Exploration Canada Inc.("RTEC") an option to earn up to a 60% interest in the Corporation's Fort à la Corne mineral
properties (including the Star-Orion South Diamond Project) on the terms and conditions contained in the Option Agreement (see
News Release dated June 23, 2017).
All technical information in this press release has been prepared under the supervision of George
Read, Senior Vice-President of Exploration and Development, Professional Geoscientist in the Provinces of Saskatchewan and British Columbia, and Mark
Shimell, Project Manager, Professional Geoscientist in the Province of Saskatchewan, who
are the Company's "Qualified Persons" under the definition of NI 43-101.
Caution Regarding Forward-Looking Statements
This news release contains forward-looking statements as defined by certain securities laws, including the "safe harbour"
provisions of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995.
Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "believe", "expect",
"plan", "intend", "forecast", "target", "project", "guidance", "may", "will", "should", "could", "estimate", "predict" or similar
words suggesting future outcomes or language suggesting an outlook. In particular, statements regarding the Corporation's future
operations, future exploration and development activities or other development plans constitute forward-looking statements. By
their nature, statements referring to mineral reserves, mineral resources or TFFE constitute forward-looking statements.
Forward-looking statements in this press release include, but are not limited to statements with respect to the Corporation
and RTEC's objectives for the ensuing year.
These forward-looking statements are based on the Corporation's current beliefs as well as assumptions made by and information
currently available to it and involve inherent risks and uncertainties, both general and specific.
Risks exist that forward-looking statements will not be achieved due to a number of factors including, but not limited to,
developments in world diamond markets, changes in diamond prices, risks relating to fluctuations in the Canadian dollar and other
currencies relative to the US dollar, changes in exploration, development or mining plans due to exploration results and changing
budget priorities of the Corporation or its partners, the effects of competition in the markets in which the Corporation
operates, the impact of changes in the laws and regulations regulating mining exploration, development, closure, judicial or
regulatory judgments and legal proceedings, operational and infrastructure risks and the additional risks described in the
Corporation's most recently filed Annual Information Form, annual and interim MD&A. The Corporation's anticipation of and
success in managing the foregoing risks could cause actual results to differ materially from what is anticipated in such
forward-looking statements.
Although management considers the assumptions contained in forward-looking statements to be reasonable based on information
currently available to it, those assumptions may prove to be incorrect. When making decisions with respect to the Corporation,
investors and others should not place undue reliance on these statements and should carefully consider the foregoing factors and
other uncertainties and potential events. Unless required by applicable securities law, the Corporation does not undertake to
update any forward-looking statement that is made herein.
SOURCE Star Diamond Corporation
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