Mr. Ewan Mason reports

STAR DIAMOND CORPORATION ANNOUNCES MANAGEMENT APPOINTMENTS

Star Diamond Corp. has made the following management appointments, effective Aug. 1, 2023.

George Read has been appointed senior vice-president of corporate development. In this role, Mr. Read will be responsible for the furtherance of the company's interests in the Fort a la Corne and Buffalo Hills projects in Saskatchewan and Alberta, respectively. In addition, Mr. Read will also assume responsibility for all incoming corporate development opportunities. Mr. Read recently provided consulting services to the company in the role of senior technical adviser on a part-time basis. Mr. Read has over 39 years of experience in the diamond industry, including a stint as senior vice-president of exploration and development at Star Diamond from October, 2003, to September, 2020. Ewan Mason, chairman and interim chief executive officer, said, "We are excited to have George back in the fold as we prepare to move forward with two extremely interesting, advanced-stage diamond projects."

Mark Shimell has been appointed vice-president of exploration. In this role, Mr. Shimell will be responsible for co-ordinating all technical work as it pertains to the evolution of the Fort a la Corne and Buffalo Hills projects. Mr. Shimell has worked with Star Diamond since 2000, initially as a geological consultant, and later in the role of project manager for the Fort a la Corne and Buffalo Hills properties. Mr. Shimell has worked as a geologist in mineral exploration and evaluation, both internationally and in Canada, for over 27 years.

Brian Desgagnes has been appointed operations manager for the Fort a la Corne properties, and was first employed by Star Diamond in 2005 on the Fort a la Corne and Buffalo Hills projects, in roles of ever-increasing responsibilities.

Mr. Mason said: "We are pleased to offer both Mark and Brian increased responsibilities as we move forward with work on our diamond projects. They are both long-term, highly valued employees and we look forward to them tackling aspects of these two world-class projects."

About Star Diamond Corp.

Star Diamond is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Star Diamond's most significant asset is its interest in the Fort a la Corne property in central Saskatchewan. These kimberlites are located 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 (joint venture) located in north-central Alberta, Canada. Canterra Minerals Corp. holds the remaining 50-per-cent interest. Canterra is the operator of the Buffalo Hills JV.

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