Stornoway Diamond Corporation

Stornoway Diamond Corporation

November 07, 2006 12:30 ET

David Garofalo Appointed Member of Stornoway Board of Directors

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 7, 2006) - Stornoway Diamond Corporation (TSX:SWY) is pleased to announce that David Garofalo has joined the Company's Board of Directors. The board now consists of eight members.

Mr. Garofalo is currently the Vice-President, Finance and Chief Financial Officer of Agnico-Eagle Mines Ltd., an international mining company focused on gold. He has held this position since January, 1999. Before joining Agnico-Eagle, Mr. Garofalo served as Treasurer of Inmet Mining Corporation. Mr. Garofalo also serves on the Board of Directors and Audit Committee of Tiberon Minerals Ltd. Mr. Garofalo is a Chartered Accountant and a graduate of the University of Toronto (B.Comm.).

Eira Thomas, President and CEO stated, "Mr. Garofalo continues to play a key role in Agnico Eagle's rapid growth and expansion from a single to multiple mine producer and has developed considerable financial, mining development and operational expertise that will greatly benefit Stornoway as we work towards our goal of becoming Canada's premier middle tier diamond exploration and development company."

On behalf of the Board


Eira Thomas, President

This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, "best-efforts" financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in Company documents filed from time to time with the Toronto Stock Exchange and provincial securities regulators, most of which are available at The Company disclaims any intention or obligation to revise or update such statements.

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