STAR Diamond Corporation Announces Appointment of Lisa Riley to Its Board of Directors and the Formation of Special Committee
NEWS RELEASE February 3, 2020
TSX: DIAM Saskatoon, Saskatchewan
STAR DIAMOND CORPORATION ANNOUNCES APPOINTMENT OF LISA RILEY TO ITS BOARD OF
DIRECTORS AND THE FORMATION OF SPECIAL COMMITTEE
Star Diamond Corporation (TSX:DIAM) (“ Star Diamond” or the “ Corporation") is pleased to announce that Lisa
Riley has been appointed as an independent member of the board of directors (the “Board”) of Star Diamond.
“Lisa has had significant success throughout her career and her extensive experience advising mining companies
and investors will be invaluable to Star Diamond,” said Ewan D. Mason, Chairman of the Board. “We are very
pleased to have Lisa join our Board.”
As previously disclosed, Star Diamond received notice (the “ Exercise Notice”) in November 2019 from Rio Tinto
Exploration Canada Inc. (“RTEC”) advising that RTEC was exercising all four of its options under the Option to Joint
Venture Agreement dated June 22, 2017. The Board has formed a Special Committee of non -management
directors (Ewan D. Mason, Harvey J. Bay, Lisa K. Riley and C. Michael Ryer) to review and consider the Exercise
Notice, including whether the options have been validly exercised by RTEC, to oversee the Corporation’s dealings
with RTEC including in relation to the Exercise Notice and to consider the Corporation’s alternatives in the context
of the Exercise Notice.
About Star Diamond Corporation
Star Diamond Corporation is a Canadian based corporation engaged in the acquisition, exploration and
development of mineral properties. Shares of the Corporation trade on the TSX Exchange under the trading
symbol "DIAM". The Fort à la Corne kimberlites (including the Star - Orion South Diamond Project) are located in
central Saskatchewan in close proximity to established infrastructure, including paved highways and the electrical
power grid, which provide significant advantages for future mine development.
Caution Regarding Forward-Looking Statements
This press release contains “forward -looking statements” and/or “forward -looking information”, within the meaning of
applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward -looking
statements. Gener ally, forward -looking statements can be identified by the use of forward- looking terminology such as
“plans”, “expect”, “is expected”, “in order to”, “is focused on” (a future event), “estimates”, “intends”, “anticipates”,
“believes” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”,
“would”, or the negative connotation thereof. Forward -looking statements included or implied in this press release include
the review and consideration by the Special C ommittee of the Exercise Notice and statements relating thereto. These
forward-looking statements are based on the Corporation’s current beliefs as well as assumptions made by and information
currently available to the Corporation. Although management cons iders these assumptions to be reasonable based on
information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve
inherent risks and uncertainties, both general and specific, and risks exist t hat predictions, forecasts, projections and other
forward-looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a
number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives,
expectations, anticipations, estimates and intentions expressed in such forward- looking statements.
For further information: [email protected] or (306) 664-2202
www.stardiamondcorp.com
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