STAR Diamond Corporation Management Changes
NEWS RELEASE December 28, 2022
TSX: DIAM Saskatoon, Saskatchewan
STAR DIAMOND CORPORATION MANAGEMENT CHANGES
SASKATOON, Saskatchewan, December 28, 2022 – Star Diamond Corporation (“Star Diamond” or the “Company”)
announces today that, effective January 1, 2023, Ewan Mason will assume the role of Interim Chief Executive
Officer of Star Diamond. Mr. Mason has been a director of Star Diamond since September 2017 and also serves
as Chair of the Board of the Company. Mr. Mason is currently the owner of several private corporations and prior
to this was a Managing Director at several mining investment banks both in Canada and abroad as well as an
exploration geologist. Mr. Mason has served as a director and chair of numerous mining and exp loration
companies. His appointment as Interim Chief Executive Officer follows the previously announced retirement of
Ken MacNeill as Star Diamond’s President and Chief Executive Officer effective December 31, 2022.
Star Diamond also announce s the resignation of Greg Shyluk as Star Diamond’s Chief Financial Officer effective
January 19, 2023. The corporation is working with Mr. Shyluk to ensure a smooth transition following his
departure. Mr. Shyluk has served as Star Diamond’s Chief Financial Officer since 2013 and been with Star Diamond
since 2007. Star Diamond thanks Mr. Shyluk for his service and wishes him the best in his future endeavours.
The Company’s board of directors is working to assess Star Diamond’s cost and management structure going
forward and intends to make further announcements in due course.
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 "forward-looking st atements" 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 assessment of its cost
and management structure going forward.
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 forwar d-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 proceedings,
operational and infrastructure risks and the additional risks described in Star Diamond's most recently filed Annual Informat ion Form,
annual and interim MD&A.