Summary of Results

Summary of Results - at November 20, 2006

Renard data | Lynx data | Hibou data | Other discovery diamond data

October 22, 2007 - Renard 2, 3, and 4 Bulk Sample Diamond Valuation Results

Kimberlite Sampled

Weight of Valuation Sample
(Carats)*

Largest Diamonds (Carats)

Observed Average Diamond Price (US$/carat)**

"Base Case" Diamond Price Model (US$/carat)***

"High" Diamond Price Model (US$/carat)***

"Low" Diamond Price Model (US$/carat)***

Renard 2

1,589.57

15.46, 8.80, 8.42

$101

$109

$122

$105

Renard 3

2,651.17

10.15, 7.78, 6.36

$107

Renard 4 - N. Complex Zone

2,191.73

5.92, 3.71, 3.70

$63

$69

$73

$63

All Samples

6,432.46

$91

* Sample weights represent the total carat weight of diamonds presented for valuation following the combination of individual sub-samples and after acid cleaning.
** Taken as the average from WWW plus three other diamond valuators.
*** As determined by WWW International Diamond Consultants Ltd.

August 14, 2007 - Renard 4 Bulk Sample Results

Sub-Sample
Dry
Weight
(tonnes)

Stones
(retained on +1
DTC screen)

Carats
(retained on +1
DTC screen)

Diamond
Content¹(cpht)²

Largest
Diamond
(carats)

R4-4001
366.0

3,674

368.41

101
3.71

R4-4002
459.4

6,179

607.98

132
5.92

R4-4004
233.4

1,901

187.09

80
2.56

R4-4005
509.6

9,708

938.20

184
3.70

R4-4006
90.6

989

111.57

123

2.18

Total
1,659.0

22,451

2,213.25

133

¹The estimated diamond content, expressed as carats per hundred tonnes, may not be representative of the overall diamond content of the body due to a number of factors, including location/size of the samples and processing parameters

August 14, 2007 - Compiled Results of Bulk Sample of Renard 2, 3, and 4

Kimberlite Pipe

Dry
Weight
(tonnes)

Stones
(retained on +1
DTC screen)

Carats
(retained on +1
DTC screen)

Diamond
Content¹(cpht)²

Largest
Diamonds
(carats)

Renard 2 - Kimb2a³
1,778.3

7,250

857.83

48
4.90, 4.47, 4.27

Renard 2 - Kimb2b³
670.5

6,534

744.15

111
15.46, 8.80, 8.42

Renard 3⁴ 1,928.6
25,682

2,681.40

139
10.15, 7.78, 6.36

Renard 4 1,658.9
22,451

2,213.29

133
5.92, 3.71, 3.70

Total 6,036.4
61,917

6,496.66

108

¹ The estimated diamond content, expressed as carats per hundred tonnes, may not be representative of the overall diamond content of the body due to a number of factors, including location/size of the samples and processing parameters
² Carats per hundred tonnes

July 31, 2007 - Renard 2 Bulk Sample Results

Sub-Sample

Dry
Weight
(tonnes)

Stones
(retained on +1
DTC screen)

Carats
(retained on +1
DTC screen)

Diamond
Content¹(cpht)²

Largest
Diamond
(carats)

R2-2004
140.4

512

58.17

41

4.47

R2-2005
157.4

495

68.47

43

3.04

R2-2006
140.4

461

60.62

43

4.27

R2-2007
184.8

946

125.08

68

4.90

R2-2008
144.2

573

70.98

49

3.89

R2-2009
163.7

505

53.01

32

2.51

R2-2010
138.9

347

36.07

26

3.18

R2-2011
210.6

981

106.53

51

2.08

R2-2016
146.9

559

62.98

43

2.09

R2-2017
193.4

742

92.31

48

2.78

R2-2103
157.6

1,129

123.64

78

2.61

Sub-Total, Kimb2a Samples³
1,778.3

7,250

857.83

48

R2-2104
183.9

1,691

202.75

110

15.46

R2-2105
162.3

2,066

233.64

144

8.42

R2-2108
154.8

888

97.44

63

3.23

R2-2109
169.5

1,889

210.32

124

2.61

Sub-Total, Kimb2b Samples³
670.5

6,534

744.15

111

Total
2,448.9

13,784

1,601.98

65

June 20, 2007 Renard Three Bulk Sample Results

Sub-Sample Dry Weight
(tonnes) Stones
(retained on +1 DTC screen) Carats
(retained on a +1 DTC screen) Diamond Content ¹
(cpht)² Largest Diamond
(carats)

R3-3002 ³ 59.7 686 74.10 124 4.13

R3-3006 ³ 122.0 2262 220.45 181 2.50

R3-3008 ³ 235.5 3212 351.72 149 7.78

R3-3012 222.4 3268 316.95 143 3.62

R3-3014 169.1 2132 236.68 140 3.62

R3-3016 176.2 1392 187.20 106 6.36

R3-3018 149.2 1079 136.24 91 4.26

R3-3020 168.4 1118 142.39 85 2.43⁴

R3-3102 155.4 2389 248.26 160 3.12

R3-3104 163.1 1315 127.21 78 2.28

R3-3107 164.2 3847 365.68 223 10.15

R3-3109 143.4 2982 274.52 191 2.28

Total 1928.6 25682 2681.40 139

¹The estimated diamond content, expressed as carats per hundred tonnes, may not be representative of the overall diamond content of the body due to a number of factors, including the location/size of the underground samples and processing parameters

²Carats per hundred tonnes

³Preliminary results for sub-samples R3-3002, 3006 and 3008 were previously disclosed in a Stornoway Press Release dated May 17, 2007

⁴ 3.16 carats if a two piece broken stone (2.12ct and 1.04 ct) is reassembled

Discovery Information

Kimberlite Discovered	Discovery Year	Approximate Estimated Size at Discovery (metres)	Diamondiferous	Caustic Fusion Testing		DMS Tested
Kimberlite Discovered	Discovery Year	Approximate Estimated Size at Discovery (metres)	Diamondiferous	Sample Size (kg)	Total Diamonds Recovered	DMS Tested
New Discovery	2006	dyke	Y	195.5***	200
Southeast Anomaly	2006	dyke	Y	182***	493
North Anomaly	2005	dyke 225 m strike	Y	56.5	662
Hibou	2005	dyke 825 m strike	Y	489.5***	1,453	Y
Tichegami	2004	dyke	not tested
Lynx Anomaly	2003	dyke 3.7 km strike	Y	465***	1,312	Y
Renard 10	2003	n/a	Y	188	64
Renard 9	2003	160 x 40	Y	212	178	Y
Renard 8	2002	75 x 40**	Y	112	9
Renard 7	2002	150 x 60**	Y	101	33
Renard 65*	2002	300 x 60	Y	296	90	Y
Renard 4	2002	180 x 70	Y	153	54	Y
Renard 3	2002	145 x 25	Y	207	81	Y
Renard 2	2001	120 x 65	Y	163	145	Y
Renard 1	2001	150 x 60	Y	206	59

* previously interpreted to be two distinct bodies, then named Renard 5 and Renard 6
** inferred by geophysics
***includes caustic fusion results from boulders and insitu kimberlite

Renard Data

Summary of Estimated Tonnage and Diamond Results - Renard 2, 3, 4 and 9

Kimberlitic Body	Deepest Drill Intersection (metres below surface)	Estimated Tonnage (million tonnes) (note 1)				DMS Results - May 2004 to Present		Estimated Number of Carats (millions)
		Drill-Indicated	Projected		Total	Weight of Sample (tonnes)	Estimated Diamond Content of Sample (cpht)
		Drill-Indicated	Low	High	Total	Weight of Sample (tonnes)	Estimated Diamond Content of Sample (cpht)
Renard 2	565	6.5	3.4	5.9	9.9 to 12.4	182	92	9.1 to 11.4
Renard 3	360	1.7	0.3	0.4	2.0 to 2.1	160	124	2.5 to 2.6
Renard 4	302	6.1	1.6	2.9	7.7 to 9.0	219	53	4.1 to 4.8
Renard 9	364	3.2	0.4	0.8	3.6 to 4.0	83.5	52	1.9 to 2.1
Totals		17.5	5.7	10	23.2 to 27.5			17.6 to 20.9

Note 1: The estimated tonnage of Renard 2, 3, 4 and 9 and the estimated number of carats contained in these bodies are conceptual in nature, and do not conform to the definition of a "mineral resource" established by National Instrument 43-101. Further exploration will not necessarily proide the basis for determining a mineral resource. For complete details on how these estimates were obtained, please see the news release dated November 8, 2005.

Renard Cluster - Summary of DMS Diamond Results

Kimberlitic Body Dense Media Separation Sample Weight (tonnes)
Weight of Diamonds

<1.18 mm

(carats)
Largest Diamonds (carats) Estimated Diamond Content (cpht)

Renard 2 182 167 2.3, 2.1, 1.9 92

Renard 3 160 198 4.3, 2.7, 2.3 124

Renard 4 219 117 2.9, 1.71, 0.94 53

Renard 65 165 36.6 0.88, 0.83, 0.82 (note 1) 22

Renard 7 4.1 2.3

Renard 8 6.1 7.7

Renard 9 83.5 43.7 3.58,3.26, 1.7 52
Note 1: mini-bulk sample results from this body returned a 4 carat diamond still embedded in drill core.

Renard 7, 8 & 10 - Caustic Dissolution Analysis

Body Sample Weight (kg) Numbers of Diamonds According to Sieve Size Fraction (mm) Total Number of Diamonds

+0.100
-0.150 +0.150
-0.212 +0.212
-0.300 +0.300
-0.425 +0.425
-0.600 +0.600
-0.850 +0.850
- 1.18 +1.18
-1.70

Renard 7 101.1 17 8 3 5 0 0 0 0 33

Renard 8 111.8 3 2 3 0 1 0 0 0 9

Renard 10 237.1 54 30 23 8 9 1 1 1 127

Lynx Data

Lynx Anomaly - DMS Diamond Results from Trench Samples

Sample	Weight of Sample (Tonnes)	Weight of Diamonds Recovered (carats) (note 1)	Largest Diamonds (carats)	Estimated Diamond Content (cpht)
Trench 184	6.2	2.2	0.49	36
Trench 221	12.9	20.7	2.19, 0.82	160
Trench 230-01	12.7	14.6	1.16	114
Trench 230-02	2.98	2.92	0.21	98
TOTAL	34.8	40.4		116

Note 1: All diamonds recovered are larger than 1.18 mm using a square mesh screen.

Lynx Anomaly - DMS Diamond Results from Boulders

Sample Site	Dense Media Separation Sample Weight (tonnes)	Weight of Diamonds Recovered (carats) (note 1)	Largest Diamonds (carats)	Estimated Diamond Content (cpht)
Lynx North	5.66	2.68	0.27	47
Lynx	3.87	4.63	0.96, 0.28	120
Lynx South	4.60	11.80	5.66, 1.17	256
TOTAL	14.2	19.1		135

Note 1: All diamonds recovered are larger than 0.85 mm using a square mesh screen.

Lynx Anomaly - Caustic Dissolution Analysis of Drill Core

Sample Site	Sample Weight (kg)	Numbers of Diamonds According to Sieve Size Fraction (mm)								Total Number of Diamonds
Sample Site	Sample Weight (kg)	+0.100 -0.150	+0.150 -0.212	+0.212 -0.300	+0.300 -0.425	+0.425 -0.600	+0.600 -0.850	+0.850 - 1.18	+1.18 -1.70	Total Number of Diamonds
Lynx South	96.5	168	89	36	24	13	5	4	0	339
Lynx North	25.0	17	19	12	11	4	0	0	1	64
Lynx	27.0	9	8	5	1	2	1	0	0	26
Total	148.5	194	116	53	36	19	6	4	1	429

Lynx Anomaly - Caustic Dissolution Analysis of Boulders

Sample Site	Sample Weight (kg)	Numbers of Diamonds According to Sieve Size Fraction (mm)									Total Number of Diamonds
Sample Site	Sample Weight (kg)	+0.100 -0.150	+0.150 -0.212	+0.212 -0.300	+0.300 -0.425	+0.425 -0.600	+0.600 -0.850	+0.850 - 1.18	+1.18 -1.70	+1.70 -2.36	Total Number of Diamonds
Lynx	238.7	166	166	125	89	29	12	4	3	0	594
Lynx N.	77.2	100	82	60	27	13	7	0	0	0	289

Hibou Data

Hibou Boulder and Trench - DMS Diamond Results

Sample	Sample Weight (tonnes)	Weight of Diamonds Recovered (carats) (Note 1)	Estimated Diamond Content (cpht)	Largest Diamonds (carats) (Note 2)
Boulders	4.57	2.87	63	0.44, 0.28
Trench	9.93	0.86	8.7	0.12, 0.11

Hibou Boulder, Trench and Drill Samples - Caustic Dissolution Diamond Results

Date	Sample Weight (kg)	Numbers of Diamonds According to Sieve Size Fraction (mm)								Total Number of Diamonds
Date	Sample Weight (kg)	+0.100 -0.150	+0.150 -0.212	+0.212 -0.300	+0.300 -0.425	+0.425 -0.600	+0.600 -0.850	+0.850 - 1.18	+1.18 -1.70	Total Number of Diamonds
Boulder Oct 13, 2005	250	216	235	160	106	22	11	7	4	761
Boulder Jan 16, 2006	103	123	154	78	40	9	2	2	0	408
Trench Jan 16, 2006	105	70	76	37	27	7	5	2	1	225
Drill Core Jan 16, 2006	31.5	12	18	15	7	5	2	0	0	59

Other Discovery diamond data

North Anomaly Drill Core - Caustic Dissolution Diamond Results

Weight of Sample (kg)	Number of Diamonds According to Sieve Size Fraction (mm) Including Fragments Derived from >2 mm Diamond								Total
Weight of Sample (kg)	+0.100 - 0.150	+0.150 - 0.212	+0.212 - 0.300	+0.300 - 0.425	+0.425 - 0.600	+0.600 - 0.850	+0.850 - 1.18	+1.18 - 1.70	Total
56.5	273	168	115	60	24	10	11	1 (Note 1)	662

Note 1: The largest diamond is a tetrahexahedroid crystal that weighs 0.04 carats.

North Anomaly - DMS Results

Weight of Sample (tonnes)	Weight of Diamonds Recovered (carats)	Estimated Diamond Content (cpht)	Largest Diamonds (carats)
18.4	16.7	91	0.85, 0.57

Note 1: The largest diamond is a tetrahexahedroid crystal that weighs 0.04 carats.

Southeast Anomaly - Caustic Dissolution Diamond Results

Sample Material	Sample Weight (kg)	Numbers of Diamonds According to Sieve Size Fraction (mm)								Total Number of Diamonds
Sample Material	Sample Weight (kg)	+0.100 -0.150	+0.150 -0.212	+0.212 -0.300	+0.300 -0.425	+0.425 -0.600	+0.600 -0.850	+0.850 - 1.18	+1.18 -1.70	Total Number of Diamonds
Dyke Sample	31.4	19	13	19	8	4	0	1	1	65
Surface Boulders	150.6	145	123	73	46	30	8	3	0	428

New Discovery - Caustic Dissolution Diamond Results

Sample	Weight of Sample (kg)	Number of Diamonds According to Sieve Size Fraction (mm)						Total
Sample	Weight of Sample (kg)	+0.100 - 0.150	+0.150 - 0.212	+0.212 - 0.300	+0.300 - 0.425	+0.425 - 0.600	+0.600 - 0.850	Total
Boulder Sample	101.5	43	33	26	3	1	0	106
Dyke Sample	94.0	35	33	21	4	1	0	94