Mr. Ewan Mason reports

STAR DIAMOND CORPORATION ANNOUNCES THE RESULTS OF 2023 ANNUAL MEETING

All of the nominees listed in the management proxy circular dated April 14, 2023, were elected as directors of the corporation at Star Diamond Corp.'s annual meeting of shareholders held on May 30, 2023.

Details of the voting results for the election of directors are set out herein.

          VOTING RESULTS FOR ELECTION OF DIRECTORS

Nominee                       Votes for      Votes withheld   

                         Number        %      Number       %     

Ewan D. Mason       125,435,750   95.99%   5,236,968   4.01%
Lisa K. Riley       128,041,551   97.99%   2,631,167   2.01%
Larry E. Phillips   127,850,014   97.84%   2,822,704   2.16%
Marilyn D. Spink    128,078,818   98.02%   2,593,900   1.98%

In addition, shareholders also approved a resolution to reappoint KPMG LLP as the corporation's independent auditor and to approve the continuation, amendment and restatement of the corporation's shareholder rights plan.

Voting results for all matters will be posted on SEDAR.

At today's meeting, the chair of the board, Ewan Mason, provided an update on the status of the Fort a la Corne mineral properties and the Buffalo Hills joint venture.

Fort a la Corne mineral properties

Star Diamond continues to work with Rio Tinto Exploration Canada Inc. on assessing alternatives regarding the project. Although discussions are encouraging and may be resolved shortly, there is no certainty that any agreement will be reached. Should negotiations prove successful, management will determine the optimal strategic path going forward, which would include the completion of a feasibility study.

Buffalo Hills JV

Discussions are continuing with Canterra Minerals Corp. to determine possible future work programs. More detailed updates on activities at the Buffalo Hills JV will be provided as they become available.

About Star Diamond Corp.

Star Diamond is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the corporation trade on the Toronto Stock Exchange under the trading symbol DIAM. Star Diamond holds, through a joint venture arrangement with Rio Tinto Canada (a wholly owned subsidiary of Rio Tinto PLC), a 25-per-cent interest in certain Fort a la Corne kimberlites (including the Star-Orion South diamond project). These properties are located in central Saskatchewan, Canada, in close proximity to established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future mine development.

The company also holds a 50-per-cent interest in the exploration and evaluation properties and assets of the Buffalo Hills JV located in north-central Alberta, Canada. Canterra holds the remaining 50-per-cent interest and is the operator of the Buffalo Hills JV.

We seek Safe Harbor.