Serge Vezina And Matt Manson Appointed To Stornoway Board Of Directors
March 11, 2009
Stornoway Diamond Corporation (TSX-SWY) is pleased to announce that Dr. Serge Vézina and Dr. Matt Manson have joined the Company's Board of Directors.
Dr. Vézina is a consultant and engineer with over 40 years experience in the mining industry. Between 1988 and June 2006, he was employed by Cambior Inc., most recently as Vice President of Industrial Engineering and Environment. Mr. Vézina is a member of the Order of Engineers of Québec, a former chairman of the board of the Québec Mining Association, a former chairman of the board of COREM, and a member of numerous advisory panels and professional bodies within the Québec Mining Industry. Dr. Vézina is currently an adjunct professor at McGill University in Montreal and Laval University in Québec City, and a director of Osisko Mining Corporation. He is a graduate of Laval University (B.Sc. in Mining, 1966 and Ph.D. in Metallurgical Sciences, 1972).
Dr. Manson has been serving as Stornoway's President and CEO since January 1, 2009, and has been employed by Stornoway, or its predecessor company Contact Diamond Corporation, since March, 2005. Between 1999 and 2005 he was employed by Aber Diamond Corporation (now Harry Winston Diamond Corporation) as VP Marketing and subsequently VP Technical Services & Control. He is a director of Karmin Exploration Inc., and a graduate of the University of Edinburgh (B.Sc. in Geophysics, 1987) and the University of Toronto (Ph.D. in Geology, 1996).
Stornoway's Board of Directors now consists of eight members.
Pursuant to the terms of its Stock Option Plan, Stornoway further announces the grant of a total of 100,000 incentive stock options. The options are exercisable on or before March 10, 2014 at price of $0.10 per share.
Stornoway Diamond Corporation
Stornoway Diamond Corporation is one of Canada's leading diamond exploration and development companies, involved in the discovery of over 200 kimberlites in seven Canadian diamond districts. The Company benefits from a diversified diamond property portfolio, a strong financial platform and management and technical teams with experience in each segment of the diamond "pipeline" from exploration to marketing.
On behalf of the Board
STORNOWAY DIAMOND CORPORATION
/s/ "Matt Manson"
President and Chief Executive Officer
or Nick Thomas (Manager Investor Relations) at 604-983-7754 or toll free at 1-877-331-2232
** Website: www.stornowaydiamonds.com Email: firstname.lastname@example.org **
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. Any statements made regarding a NI 43-101 Preliminary Assessment of a project includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the Preliminary Assessment will be realized. References to NI 43-101 Resource Calculations are Mineral Resources and are not Mineral Reserves and therefore do not have demonstrated economic viability. 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 www.sedar.com. The Company disclaims any intention or obligation to revise or update such statements.