DIAMOND DEVELOPMENT: Stornoway announces permitting plans for Renard project

QUEBEC - Vancouver-based Stornoway Diamond Corp. has filed a notice of intent, the first step in the mine permitting process, for its Renard diamond project in the James Bay region. Acquiring the necessary permits is expected to take 18 to 24 months.

The project includes the Renard kimberlite pipes and the Lynx-Hibou system of kimberlite dykes. It is a 50:50 joint venture with SOQUEM, an arm of the Quebec government.

Stornoway's notice describes a combined open pit and underground mining operation at Renard with a production rate of between 5,000 and 7,000 t/d for an estimated 25 years.

The most recent mineral resource update includes Indicated resources of 26.5 million tonnes containing 23.0 million ct of diamonds. The inferred resources is an additional 17.8 million tonnes containing 13.3 million ct. The average diamond content is 87 cpht and 75 cpht, respectively.

Please visit www.StornowayDiamonds.com for details and additional updates from the Renard project.