STAR DIAMOND APPOINTS RON WADDINGTON AS INDIGENOUS AND COMMUNITY ENGAGEMENT OFFICER

TSX: DIAM  

SASKATOON, SK, May 6, 2024 /CNW/ - Star Diamond Corporation (TSX: DIAM) ("Star Diamond" or the "Company") is pleased to announce that it has appointed Ron Waddington, a member of Yellow Quill First Nation, as our Indigenous and Community Engagement Officer.  Ron will be leading the Company's Indigenous engagement efforts in a consulting role going forward.  Ron will be reaching out to rights holders and stakeholders to discuss how most effectively to engage in economic reconciliation. 

Chair and CEO Ewan Mason says: "We look forward to real economic reconciliation with all rights holders and stakeholders as Ron undertakes the Company's engagement efforts with the goal to move the Fort à la Corne Project forward".

Ron began his career working for the federal government in the Indigenous and Northern Affairs department and has also worked at the provincial level in the Ministry of First Nations and Metis Relations in Saskatchewan.  Ron is a graduate of the University of Regina where he acquired a B.Admin., Corporate Finance. He also formed his own consulting business where he has provided financial advice to a number of First Nations.  Ron can be reached at: 306-812-6210.

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 100 percent 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.

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Caution Regarding Forward-looking Statements

This press release contains "forward-looking statements" and/or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. The use of any of the words "anticipate", "plan", "aim", "target", "contemplate", "continue", "estimate", "expect", "intend", "propose", "might", "may", "will", "shall", "project", "should", "could", "would", "believe", "predict", "forecast", "pursue", "potential", "possible", "capable" and similar expressions are intended to identify "forward-looking statements. Forward-looking statements in this press release include, but are not limited to, expectations regarding the timing for transfer of the Permit to Operate and completion of the transactions that are the subject of the Agreement.

These forward-looking statements are based on Star Diamond's current beliefs as well as assumptions made by and information currently available to it and involve inherent risks and uncertainties, both general and specific. Risks exist that forward-looking statements will not be achieved due to a number of factors including, but not limited to, the MoE's approval processes and the impact of changes in the laws and regulations regulating mining exploration, development, closure, judicial or regulatory judgments and legal proceedings and the additional risks described in Star Diamond's most recently filed Annual Information Form, annual and interim MD&A.

Although management of Star Diamond considers the assumptions contained in forward-looking statements to be reasonable based on information currently available to Star Diamond, those assumptions may prove to be incorrect. When making decisions with respect to Star Diamond, investors and others should not place undue reliance on these statements and should carefully consider the foregoing factors and other uncertainties and potential events. 

Star Diamond does not undertake any obligation to release publicly revisions to any forward-looking statement to reflect events or circumstances after the date of this release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at investors' own risk.

SOURCE Star Diamond Corporation

[email protected], [phone], www.stardiamondcorp.com