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TOM.V ·

Five STAR Diamonds Ltd. Announces NAME Change

Corporate Actions

FIVE STAR DIAMONDS LTD. ANNOUNCES NAME CHANGE

TORONTO, December 5, 2019 – Five Star Diamonds Ltd. (TSX.V: STAR ) (the “Company” or “Five

Star Diamonds”) is pleased to announce that the Board of Directors of the Company has approved

a proposed name change of the Company to “Aranjin Resources Ltd”.

The completion of the name change remains subject to TSXV approval.

Coinciding with the name change, the Company expects to retain its trading symbol, “STAR.”

On behalf of the Board

Matthew Wood

Chairman

Five Star Diamonds Limited

+1.647.981.1703

Cautionary Note Regarding Forward-looking Statements

Information set forth in this news release contains forward-looking statements. Although the Company believes

that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. The

Company cautions investors that any forward-looking st atements by the Company are not guarantees of future

results or performance, and that actual results may differ materially from those in forward looking statements as

a result of various factors, many of which are beyond the Company’s control. Such factors include, among other

things: variations in the nature, qua lity and quantity of any mineral depos its that may be located, significant

downward variations in the market price of any mine rals produced, the Company’ s inability to obtain any

necessary permits, consents or authorizations required for its activities, to produce minerals from its properties

successfully or profitably, to continue its projected growth , to raise the necessary capita l or to be fully able to

implement its business strategies. Accordingly, actual and future events, conditio ns and results may differ

materially from the estimates, beliefs, intentions and e xpectations expressed or implied in the forward-looking

information. Except as required under applicable securities legislation, the Company undertakes no obligation to

publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT

TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS

RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.