Stornoway Announces Results Of Annual General And Special Meeting Of Shareholders

Stornoway Diamond Corporation (TSX-SWY) is pleased to announce that at the Annual General and Special Meeting (“the Meeting”) held today in Montreal, Québec all resolutions proposed to shareholders, as set out in the notice of the meeting dated September 16th, 2011, were duly passed.

In particular, more than 2/3rds of Stornoway shareholders approved the continuance of the corporation to the Canada Business Corporations Act, to better reflect the national character of the Company’s operations and the jurisdiction of the Renard Diamond Project, Stornoway’s flagship asset, located in north-central Quebec.

Stornoway is also pleased to announce the re-appointment of Mr. Tony Walsh (Chairman of the Board), Mr. Yves Harvey, Mr. Serge Vezina and Mr. Matt Manson to serve as members of the Board of Directors for additional terms, and the new appointment to the Board of Mr. Patrick Godin. Mr. Godin is Stornoway`s Chief Operating Officer, responsible for the Renard Diamond Project as it moves through feasibility, mine construction and into production. The Board of Directors is comprised of ten directors and, in addition to the directors elected today, also includes Mr. Michel Blouin, Mr. John LeBoutillier, Ms. Monique Mercier, Mr. Peter Nixon and Mr. Ebe Scherkus.

Stornoway would like to thank outgoing director Catherine McLeod-Seltzer for her many of years of service to the Company. Ms. McLeod-Seltzer was one of the founders of Stornoway in 2003, and has played a leading role in Stornoway’s evolution since this time.

Coinciding with the conclusion of the Meeting, Stornoway is pleased to announce the launch of a newly re-designed website at http://www.stornowaydiamonds.com/">www.stornowaydiamonds.com providing a more comprehensive level of shareholder and stakeholder communication in English, French and Chinese, consistent with the evolution of the Company towards mine development and production.

About Stornoway Diamond Corporation

Stornoway is a leading Canadian diamond exploration and development company listed on the Toronto Stock Exchange under the symbol SWY. Our flagship asset is the 100% owned Renard Diamond Project, on track to becoming Québec’s first diamond mine. Stornoway also maintains an active diamond exploration program with both advanced and grassroots programs in the most prospective regions of Canada. Stornoway is a growth oriented company with a world class asset, in one of the world’s best mining jurisdictions, in one of the world’s great mining businesses.

About the Renard Diamond Project

The Renard Diamond Project is located approximately 250 km north of the Cree community of Mistissini and 350 km north of Chibougamau in the James Bay region of North-Central Québec. In May 2010, Stornoway filed a National Instrument 43-101 compliant technical report for the Preliminary Assessment at Renard that highlighted the potential of the project to become a significant producer of high value rough diamonds over a long mine life. Current NI 43-101 compliant Indicated and Inferred Mineral Resources stand at 23.8 and 17.5 million carats respectively, with a further 23.5 to 48.5 million carats classified as a non-resource, “Potential Mineral Deposit”. All kimberlites remain open at depth. Readers are referred to the technical report in respect of the Renard Diamond Project for further details and assumptions relating to the project.

On behalf of the Board

STORNOWAY DIAMOND CORPORATION
/s/ “Matt Manson”
Matt Manson
President and Chief Executive Officer