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STAR Diamond Corporation Announces Attendance at 2023 Prospectors & Developers Convention

Marketing Announcement

NEWS RELEASE January 18, 2023

TSX: DIAM Saskatoon, Saskatchewan

STAR DIAMOND CORPORATION ANNOUNCES

ATTENDANCE AT 2023 PROSPECTORS & DEVELOPERS CONVENTION

SASKATOON, Saskatchewan, January 18, 2023 – Star Diamond Corporation (“Star Diamond” or the “Company”) is

pleased to announce that the C ompany will be attending the 2023 Prospectors & Developers Association of

Canada (“PDAC”) Convention on March 5 -8, 2023, in Toronto, Ontario, Canada. Our technical team will be in

attendance to discuss the Fort à la Corne Project ("FALC") and the diamonds that have been recovered from it, at

Booth #2550.

In addition, on Monday, March 6, 2023, for one day only our technical team, along with our Diamond Pricing

Consultant, will be exhibiting a stunning display of high-quality diamonds that have been recovered from FALC at

our PDAC booth. These stones will range from rough uncut diamonds through polished stones to finished jewelry

product. The Company has recovered more than 160,000 individual diamonds to date from the Project and this is

a great opportunity to see some of these attractive Saskatchewan diamonds up close.

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 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.

Caution Regarding Forward-looking Statements

This press release contains "fo rward-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 fac t, are forward-

looking statements. Forward -looking statements in this press release include, but are not limited to, Star Diamond’s attendance and

availability of diamonds to be exhibited at the 2023 PDAC.

These forward-looking statements are based on Star Diamond's current beliefs as well as assumptions made by and information currently

available to Star Diamond 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 Rio Tinto or Star Diamond, the impact of changes

in the laws and regulations regulating mining exploration, development, closure, judicial or regulatory judgments and legal p roceedings,

operational and infrastructure risks and the additional risks described in Star Diamond's most recently filed Annual Information Form,

annual and interim MDA.