STAR Diamond Corporation Announces the Results of 2023 Annual Meeting
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NEWS RELEASE May 30, 2023
TSX: DIAM Saskatoon, Saskatchewan
STAR DIAMOND CORPORATION ANNOUNCES THE RESULTS OF 2023 ANNUAL MEETING
Star Diamond Corporation (“Star Diamond” or the “Corporation”) is pleased to announce that all of the nominees
listed in the management proxy circular dated April 14, 2023 were elected as directors of the Corporation at its
annual meeting of shareholders held on May 30, 2023 (the "Meeting").
Details of the voting results for the election of directors are set out below:
Nominee Votes For Votes Withheld
Number % Number %
Ewan D. Mason 125,435,750 95.99% 5,236,968 4.01%
Lisa K. Riley 128,041,551 97.99% 2,631,167 2.01%
Larry E. Phillips 127,850,014 97.84% 2,822,704 2.16%
Marilyn D. Spink 128,078,818 98.02% 2,593,900 1.98%
In addition, shareholders also approved a resolution to re-appoint KPMG LLP as the Corporation's independent
auditor and to approve the continuation and amendment and restatement of the Corporation’s Shareholder
Rights Plan.
Voting results for all matters will be posted on SEDAR at www.sedar.com.
At today’s Meeting, the Chair of the Board, Mr. Ewan Mason, provided an update on the status of the Fort à la
Corne mineral properties (the “Project”) and the Buffalo Hills-JV:
Fort à la Corne mineral properties
Star Diamond continues to work with Rio Tinto Exploration Canada Inc. ( “Rio Tinto Canada ”) on assessing
alternatives regarding the Project. Although discussions are encouraging, and may be resolved shortly, there is
no certainty that any agreement will be reached . Should negotia tions prove su ccessful, Management will
determine the optimal strategic path going forward which would include the completion of a feasibility study.
Buffalo Hills-JV
Discussions are ongoing with Canterra Minerals Corporation (“Canterra”) to determine possible future work
programs. More detailed updates on activities at the Buffalo Hills-JV will be provided as they become available.
About Star Diamond Corporation
Star Diamond 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”. Star
Diamond holds, through a joint venture arrangement with R io Tinto Canada (a wholly-owned subsidiary of Rio
Tinto plc), a 25% interest in certain Fort à la Corne kimberlites (including the Star – Orion South Diamond Project).
These properties are located in central Saskatchewan, Canada, in close proximity to established infrastructure,
including paved highways and the electrical power grid, which provide significant advantages for future mine
development.
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The Company also holds a 50% interest in the exploration and evaluation properties and assets of the Buffalo
Hills-JV located in north-central Alberta, Canada. Canterra holds the remaining 50% interest and is the operator
of the Buffalo Hills-JV.
Caution Regarding Forward-looking Statements
This press release contains "forward -looking statements" and/or "forward -looking information" (collecti vely,
"forward-looking statements") within the meaning of applicable securities legislation. All statements, other than
statements of historical fact, are forward-looking statements. Forward-looking statements in this press release
include but are not limi ted to: statements regarding Rio Tinto Canada’s future plans and intentions including
with respect to the Project; Rio Tinto Canada’s review of alternatives with respect to the Project and the terms
of any possible future agreement that may be reached between Star Diam ond and Rio Tinto Canada regarding
the Project.
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, the impact of changes in the
laws and regulations regulating mining exploration and development, judicial or regulatory judgments and legal
proceedings, operational and infrastructure risks, the ability to finance and the additional risks described in Star
Diamond's most recently filed Annual Information Form, annual and interim MD&A.
For further information: [email protected] or (306) 664-2202
www.stardiamondcorp.com
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