Stornoway Diamond Corporation

Stornoway Diamond Corporation

June 24, 2005 14:30 ET

Stornoway Diamond Corporation: David M Douglas Appointed as Corporate Secretary

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 24, 2005) - Stornoway Diamond Corporation (TSX:SWY) is pleased to announce the appointment of David M. Douglas, CA as Corporate Secretary. Mr. Douglas has been involved in the investment industry for over twenty years and has served as Director of several private and public companies. Prior to joining the Company, Mr. Douglas was a Senior Corporate Finance Analyst with a regional brokerage firm where he managed numerous public company transactions and financings. Mr. Douglas is a Chartered Accountant and a graduate of the University of British Columbia.

Motapa Joint Venture

Stornoway has issued 374,855 common shares to Motapa Diamonds Inc. fulfilling the first obligation of the joint venture agreement to explore for diamonds in Botswana, announced April 27th, 2005. The securities issued have a hold period expiring October 7, 2005. Exploration on the 5.4 million acres of prospective diamond properties will begin in the near future on the Sua Pan, a property approximately 50 km northwest of the Orapa diamond mine.

Stornoway is one of Canada's premier diamond exploration companies with extensive landholdings (approximately 29 million acres) in northern Canada and Botswana. Stornoway has been involved in the discovery of 33 kimberlites since 2002, almost half of which have proven diamondiferous. Stornoway will directly spend more than $15 million (Cdn) to explore its properties and, together with its partners, will be exposed to more than $22 million (Cdn) in exploration expenditures in 2005.

On behalf of the Board


Eira Thomas

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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