STAR Diamond Corporation Announces the Results of the 2018 Annual and Special Meeting of Shareholders

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NEWS RELEASE May 16, 2018

TSX: DIAM Saskatoon, Saskatchewan

STAR DIAMOND CORPORATION ANNOUNCES THE RESULTS OF THE

2018 ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

Star Diamond Corporation (“Star Diamond” or the “Corporation”), is pleased to announce that all of the

nominees listed in the management proxy circular dated March 29, 2018 were elected as directors of the

Corporation at its annual and special meeting of shareholders held on May 16, 2018 (the "Meeting").

In addition, shareholders also approved at the Meeting:

- a resolution to re-appoint KPMP LLP as the Corporation's independent auditors;

- a resolution for the re confirmation and continuation of the Corporation ’s Stock Option Plan, as

amended;

- a resolution for the reconfirmation and continuation of the Corporation ’s Performance Share Unit and

Restricted Share Unit Plan, as amended; and

- a resolution for the reconfirmation and continuation of the Corporation ’s Deferred Share Unit Plan, as

amended.

Detailed results of the vote for the election of directors held at the Meeting are set out below:

Nominee Votes For Votes Withheld

Number % Number %

Harvey Bay 138,526,776 90.24% 14,989,449 9.76%

Ewan Mason 143,754,119 93.64% 9,762,106 6.36%

Kenneth MacNeill 135,821,353 88.47% 17,694,872 11.53%

C. Michael Ryer 142,804,192 93.02% 10,712,033 6.98%

Voting results for all matters will be posted on SEDAR at www.sedar.com.

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

www.stardiamondcorp.com

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