Market Release 11th September 2017 FIVE STAR DIAMONDS LIMITED Av. Jornalista Ricardo Marinho, 360 Ed. Cosmopolitan - Sala 113, CEP 22631-350 Barra da Tijuca - Rio de Janeiro Brazil
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TSX-V STAR
Market Release
11th September 2017
FIVE STAR DIAMONDS
LIMITED
Av. Jornalista Ricardo Marinho, 360
Ed. Cosmopolitan - Sala 113,
CEP 22631-350
Barra da Tijuca - Rio de Janeiro
Brazil
Tel: +55 8 9200 6264
Contact:
Joe Burke, GM Marketing
Rajan “Raj” Rai
+1 778 835 9200
Directors / Officers:
Matthew Wood
Luis Azevedo
Aneel Waraich
Brian McMaster
Gizman Abbas
Nicholas Pike
TSXV: STAR
FIVE STAR DIAMONDS AND
I.HENNIG SIGN CO-OPERATION
AGREEMENT
Toronto, ON - Five Star Diamonds Limited (TSXV: STAR)
(“Five Star Diamonds” or “Five Star”), Brazil’s leading
development and diamond exploration company and I.
Hennig & Co. Ltd., (“Hennig”) the world’s leading
international diamond broking and consulting group are
pleased to announce the signing of a co-operation agreement
to add value and advance Five Stars diamond projects in
Brazil.
Five Star has signed an agreement with Hennig to support its
development and growth efforts. Hennig has been aiding
clients procure Rough diamonds for over 125 years and has
worked with the major players at all levels of the value chain.
The scope of the agreement covers Five Star’s induction into
the diamond industry and development of its brand.
This strategic cooperation will afford Five Star Diamonds the
ability to enhance its customer relationships and marketing in
the broader diamond sector. Five Star will continue to focus
on its bulk sampling and pre-development studies where
early results have been highly encouraging.
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Five Star Diamonds Chairman and CEO Matthew Wood said, “We are extremely excited
about this co-operation with Hennig. Hennig brings world class diamond expertise to
Five Star. They will assist Five Star in navigating the diamond value chain whilst
building our brand in global markets. Brazil represents an exceptional opportunity in
the diamond space which has limited opportunity for growth and a dearth of new
projects coming on stream. Five Star believes that the combination of our in house
mining and exploration expertise with Hennig’s exceptional knowledge, expertise and
relationships in the diamond sector is truly a unique and compelling opportunity.”
Hennig CEO Arik Sela said: “it is always exciting to work with a new and emerging
diamond company, especially with the mining expertise which the Five Star team
boasts. Hennig is pleased to provide diamond industry knowhow to Five Star and to
usher its inauguration and prospective growth in our market. Throughout an
impressive history in the diamond business Hennig has always seen itself as a
torchbearer for innovation and transformation. We are happy to continue this tradition
with our newly announced cooperation with Five Star. “
ABOUT HENNIG
I. Hennig & Co. Ltd (www.ihennig.com) was founded in 1890 and is the world’s leading
international diamond broking and consulting group, with offices in all major diamond
trading hubs across four continents and relationships with the world’s largest diamond
miners, traders, manufacturers, and jewellery retailers.
ABOUT FIVE STAR DIAMONDS
The Company is listed on the TSX Venture Exchange under the ticker symbol STAR. The
Company controls a dominant and highly enviable position in the Brazilian kimberlite
diamond sector owning 24 diamond kimberlite projects comprising an aggregate of 80
exploration licences and applications across 185,980 hectares.
Five Star Diamonds is focused on acquiring and developing advanced staged diamond
projects in Brazil. Since it was established, it has pursued an accelerated growth
strategy and aims to be one of the first producers of diamonds from kimberlite deposits
in Brazil. The Company is focused on the development of sustainable kimberlite pipes
and is not involved in alluvial diamond mining. The Company works closely with local,
state and federal authorities in Brazil to foster an open, transparent and legal diamond
industry in Brazil.
The Company is running active programmes across its 100% owned Jaibaras, Catalao,
Riachao, Verissimo and Caiapo diamond projects. It is expected that the company will
be able to provide further updates over the coming months and we look forward to
keeping shareholders informed of our progress as we move towards building a truly
unique Brazilian diamond company.
On behalf of the Board
Five Star Diamonds Limited
Matthew Wood
Chairman of the Board, President and CEO
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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 statements 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, quality and quantity of any mineral deposits that may be located, significant downward
variations in the market price of any minerals 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 capital or to be fully able to implement its business
strategies. Accordingly, actual and future events, conditions and results may differ materially from the estimates,
beliefs, intentions and expectations 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.
For further information, please contact:
Five Star Diamonds Limited
Joe Burke, GM Marketing
Rajan “Raj” Rai
+1 778 835 9200