NEWS RELEASE.

November 13, 2013: Montreal, Quebec – Stornoway Diamond Corporation (Stock Profile – TSX:SWY) announced that it has entered into an amended agreement with Dundee Securities Ltd. as lead underwriter, together with a syndicate including Scotiabank and Desjardins Securities Inc. (collectively, the “Underwriters”), for a private placement financing on a bought deal basis of 9,200,000 flow-through common shares (“Flow-Through Shares”) at a price of $0.95 per Flow-Through Share for gross proceeds of $8,740,000 (the “Offering”). In addition, Stornoway has granted the Underwriters the option to purchase up to an additional 1,380,000 Flow-Through Shares to cover over-allotments (the “Over-Allotment Option”). The Underwriters may exercise the Over-Allotment Option at the issue price up to 48 hours prior to closing.

The Flow-Through Shares issued pursuant to the Offering will be subject to a four-month hold period. In the event that the Over-Allotment Option is exercised in its entirety, the gross proceeds of the Offering will be $10,051,000. Stornoway has agreed that expenditures incurred with proceeds from the Offering will constitute Canadian exploration expense (“CEE”) (as defined in the Income Tax Act) and will be renounced to the subscribers.

For more on Stornoway – CLICK HERE.

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NEWS RELEASE.

November 5, 2013: Montreal, Quebec – Stornoway Diamond Corporation (Stock Profile – TSX:SWY) hosted a press event at its Montreal head office in the presence of Martine Ouellet, the Quebec Minister of Natural Resources; Manon Cyr, the mayor of Chibougamau; and Chief Richard Shecapio, chief of the Cree Nation of Mistissini. The event was held to emphasize the close collaboration between Stornoway, Quebec and the communities of the James Bay region on the development of the Route 167 extension-Renard mine road and the new Monts Otish regional aerodrome. This work, being undertaken under a financing agreement between Stornoway and Quebec, is successfully laying the groundwork for the development of the Renard diamond project, the first diamond mine in Quebec.

Patrick Godin, Stornoway’s chief operating officer, commented: “The Renard diamond project is being done right. From the beginning, we determined that earning our licence to operate from the region’s local communities and contributing to their economic development would be one of our top priorities. Our ability to achieve this has been greatly assisted by a strong partnership with government. We now have before us a diamond project with substantial potential revenue and mine life. Local communities and other stakeholders stand to benefit for generations from the successful development of the Renard project. I would like to thank all levels of government for their collaboration, particularly Minister Ouellet, Mayor Cyr and Chief Shecapio, who we are pleased to welcome today in Montreal.”

For more on Stornoway – CLICK HERE.

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