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STAR Diamond Appointments Ron Waddington as Indigenous and Community Engagement Officer

Corporate Updates

NEWS RELEASE May 6, 2024

TSX: DIAM Saskatoon, Saskatchewan

STAR DIAMOND APPOINTMENTS RON WADDINGTON AS

INDIGENOUS AND COMMUNITY ENGAGEMENT OFFICER

SASKATOON, Saskatchewan May 06, 2024 - Star Diamond Corporation (TSX:DIAM) (“Star Diamond” or the

“Company”) is pleased to announce that it has appointed Ron Waddington, a member of Yellow Quill First

Nation, as our Indigenous and Community Engagement Officer. Ron will be leading the Company’s

Indigenous engagement efforts in a consulting role going forward. Ron will be reaching out to rights

holders and stakeholders to discuss how most effectively to engage in economic reconciliation.

Chair and CEO Ewan Mason says: “We look forward to real economic reconciliation with all rights holders

and stakeholders as Ron undertakes the Company’s engagement efforts with the goal to move the Fort à

la Corne Project forward”.

Ron began his career working for the federal government in the Indigenous and Northern Affairs

department and has also worked at the provincial level in the Ministry of First Nations and Metis Relations

in Saskatchewan. Ron is a graduate of the University of Regina where he acquired a B.Admin., Corporate

Finance. He also formed his own consulting business where he has provided financial advice to a number

of First Nations. Ron can be reached at: 306-812-6210.

About Star Diamond Corporation

Star Diamond is a Canadian-based corporation engaged in the acquisition, exploration and development

of mineral properties. Shares of Star Diamond trade on the Toronto Stock Exchange under the trading

symbol “DIAM”. Star Diamond’s most significant asset is its 100 percent interest in the Fort à la Corne

property in central Saskatchewan. These kimberlites are located in close proximity to established

infrastructure, including paved highways and the electrical power grid, which provide significant

advantages for future mine development.

For further information, please contact: Phone: (306) 664-2202

Email: [email protected]

Website www.stardiamondcorp.com

Stay Connected with Us:

X (Twitter) - https://twitter.com/StarDiamondCorp

LinkedIn - https://www.linkedin.com/company/star-diamond-corp/

Facebook - https://web.facebook.com/stardiamondcorp

Instagram - https://www.instagram.com/stardiamondcorp

YouTube - https://youtube.com/@StarDiamondCorp

Caution Regarding Forward-looking Statements

This press release contains "forward -looking statements" and/or "forward -looking information" (collectively,

"forward-looking statements") within the meaning of applicable securities legislation. All statements, other than

statements of historical fact, ar e forward -looking statements. The use of any of the words “anticipate”, “plan”,

“aim”, “target”, “contemplate”, “continue”, “estimate”, “expect”, “intend”, “propose”, “might”, “may”, “will”,

“shall”, “project”, “should”, “could”, “would”, “believe”, “predi ct”, “forecast”, “pursue”, “potential”, “possible”,

“capable” and similar expressions are intended to identify "forward -looking statements. Forward -looking

statements in this press release include, but are not limited to, expectations regarding the timing for transfer of the

Permit to Operate and completion of the transactions that are the subject of the Agreement.

These forward-looking statements are based on Star Diamond'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,

the MoE’s approval processes and the impact of changes in the laws and regulations regulating mining exploration,

development, closure, judicial or regulatory judgmen ts and legal proceedings and the additional risks described in

Star Diamond's most recently filed Annual Information Form, annual and interim MD&A.

Although management of Star Diamond considers the assumptions contained in forward- looking statements to be

reasonable based on information currently available to Star Diamond, those assumptions may prove to be incorrect.

When making decisions with respect to Star Diamond, investors and others should not place undue reliance on these

statements and should carefully consider the foregoing factors and other uncertainties and potential events.

Star Diamond does not undertake any obligation to release publicly revisions to any forward -looking statement to

reflect events or circumstances after the date of this release, or to reflect the occurrence of unanticipated events,

except as may be required under applicable securities laws. Investors should not assume that any lack of update to

a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on

forward-looking statements is at investors’ own risk.

For further information: [email protected] or (306) 664-2202

www.stardiamondcorp.com

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