STAR Diamond Corporation Announces the Results of the 2021 Annual Meeting of Shareholders

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NEWS RELEASE May 13, 2021

TSX: DIAM Saskatoon, Saskatchewan

STAR DIAMOND CORPORATION ANNOUNCES THE RESULTS OF THE

2021 ANNUAL 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 30, 2021 were elected as directors of the

Corporation at its annual meeting of shareholders held on May 13, 2021 (the "Meeting").

Details of the voting results for the election of directors are set out below:

Nominee Votes For Votes Withheld

Number % Number %

Harvey Bay 137,010,475 89.85% 15,478,127 10.15%

Ewan Mason 139,806,872 91.68% 12,681,730 8.32%

Kenneth MacNeill 136,567,546 89.56% 15,921,056 10.44%

Lisa Riley 142,219,509 93.27% 10,269,093 6.73%

In addition, shareholders also approved at the Meeting : a resolution to re -appoint KPMG LLP as the

Corporation's independent auditors; a resolution for the reconfirmation and continuation of the Corporation’s

Stock Option Plan; a resolution for the reconfirmation and continuation of the Corporation’s Performance

Share Unit and Restricted Share Unit Plan; and a resolution for the reconfirmation and continuation of the

Corporation’s Deferred Share Unit Plan.

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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