Stornoway Signs Impacts And Benefits Agreement For The Renard Diamond Project

NEWS RELEASE.

March 27, 2012: North Vancouver, BC – Stornoway Diamond Corp. (Stock Profile – TSX: SWY) announced it has entered into an Impacts and Benefits Agreement for the Renard Diamond Project with the Cree Nation of Mistissini (“CNM”) and the Grand Council of the Crees (Eeyou Istchee) / Cree Regional Authority (“GCC(EI)/CRA”).

The new agreement, designated the “Mecheshoo Agreement”, was signed by representatives of Stornoway and the Cree parties at a ceremony held in Mistissini, Quebec earlier today in the presence of community members, members of the local “Tallymen” family, regional dignitaries and media.

The Mecheshoo Agreement is a binding agreement that will govern the long-term working relationship between Stornoway and the Cree parties during all phases of the Renard Diamond Project.

To read more – CLICK HERE.

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