TSX: SWY
SWY 07-38
September 19, 2007
YVES HARVEY APPOINTED MEMBER OF STORNOWAY BOARD OF DIRECTORS
Stornoway Diamond Corporation (TSX-SWY
) is pleased to announce that Mr. Yves Harvey has joined the Company's Board of Directors.
Mr. Harvey is currently the executive director of COREM, the Quebec City based minerals industry research laboratory, a collaborative industry/government consortium. He served as president and executive director of SOQUEM (now a wholly-owned subsidiary of Soci�t� g�n�rale de financement du Qu�bec) from 1991 until 2006. Mr. Harvey is a member of the Ordre des Ingenieurs du Quebec, the Association des Prospecteurs du Quebec, the Prospectors and Developers Association of Canada; and the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM"), of which he served as President in 1998-99. His educational background includes a Ph.D. in economic geology which he received from Universit� Laval, Quebec in 1984 and a Master's degree in geological engineering, which he obtained from Ecole Polytechnique, Montreal, in 1975. (for a more in-depth biography of Yves Harvey please go to http://www.stornowaydiamonds.com/company/management_bios/
).
Catherine McLeod-Seltzer, Chairman of the Board, stated, "As part of our developing growth strategy, we are very pleased to be welcoming Yves Harvey to the Stornoway board. Mr. Harvey's extensive knowledge and experience in the Qu�bec minerals sector will be invaluable to our Company as we work to advance our large and diversified portfolio of Canadian diamond properties that includes Renard, a development track diamond project with the potential to become Qu�bec's first diamond mine".
Following the acquisitions by Stornoway of Ashton Mining of Canada Inc. and Contact Diamond Corporation, Stornoway has reorganized its management team, including its Board of Directors. In conjunction with the appointment of Yves Harvey as a director, Matt Manson, Bruce McLeod and Jeff Stibbard have stepped down as directors of the Corporation. Mr. Manson will continue to play a key executive role as President of Stornoway, while Mr. McLeod and Mr. Stibbard have agreed to act as ongoing technical advisors to the Corporation. Stornoway would like to thank the outgoing directors for their valuable contributions in helping Stornoway to achieve its goal of becoming one of Canada's premier, mid-tier, diamond exploration and development companies. The Board now consists of seven members.
Stornoway Diamond Corporation is one of Canada's leading diamond exploration and development companies, involved in the discovery of over 150 kimberlites in six 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. Stornoway's diamond exploration programs are conducted under the direction of Robin Hopkins P.Geol. (NT/NU), Vice President, Exploration, a Qualified Person under NI 43-101.
On behalf of the Board STORNOWAY DIAMOND CORPORATION
/s/ "Eira Thomas"
Eira Thomas, CEO
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 www.sedar.com. The Company disclaims any intention or obligation to revise or update such statements.
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