Stornoway Announces Board Appointment

World News: . []

LONGUEUIL, Quebec, June 13, 2018 (GLOBE NEWSWIRE) -- (TSX:SWY)is pleased to announce the appointment of Michele S. Darling to the Corporation’s Board of Directors.

Ms. Darling has over thirty years of global business experience with particular expertise in Human Resources Management and Corporate Governance. Prior to establishing her management consulting practice, Michele Darling and Associates Inc., Ms. Darling served as Executive Vice President, Human Resources at CIBC from 1991 to 1996, and as Executive Vice President, Corporate Governance with Prudential Financial, Inc. from 1996 to 2002. She currently serves on the boards of directors of Nickel Creek Platinum Corp., the Denihan Hospitality Group (New York) and Trillium Health Partners, and is a former director of Osisko Mining Corp. and Hewitt Equipment Ltd. Ms. Darling is a graduate of the Institute of Corporate Directors (ICD) in partnership with the Rotman School of Management, and holds a B.A. (Honours) from the University of Sydney and a Master’s degree in Education from the University of Toronto.

Ms. Darling joins the Stornoway board of directors as a nominee of Orion Mine Finance. In this capacity she replaces Mr. Doug Silver, who joined the board in 2014 and served through the construction and commissioning phases of the Renard Diamond Mine.

Mr. Ebe Scherkus, the chairman of the Board of Directors of Stornoway, stated: “On behalf of my fellow directors, I am very happy to welcome Michele to the Stornoway board. She brings to us a broad range of experiences in organizational development and corporate oversight at the most senior of levels, as well as specific familiarity with the Quebec mining and mining services sectors. We would like to thank Doug for his enthusiastic participation with the Stornoway board over the last four years and wish him well in his future endeavours.” 

The Renard Diamond Mine is Quebec’s first producing diamond mine and Canada’s sixth. It 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. Construction on the project commenced on July 10, 2014, and commercial production was declared on January 1, 2017. Average annual diamond production is forecast at 1.8 million carats per annum over the first 10 years of mining. Readers are referred to the technical report dated January 11, 2016, in respect of the September 2015 Mineral Resource estimate, and the technical report dated March 30, 2016, in respect of the March 2016 Updated Mine Plan and Mineral Reserve Estimate for further details and assumptions relating to the project.

Stornoway is a leading Canadian diamond exploration and production company listed on the Toronto Stock Exchange under the symbol SWY and headquartered in Montreal. A growth oriented company, Stornoway owns a 100% interest in the world-class Renard Mine, Québec’s first diamond mine.

On behalf of the BoardSTORNOWAY DIAMOND CORPORATION/s/ “Matt Manson”Matt MansonPresident and Chief Executive

More news and information about Stornoway Diamond Corporation

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Globe Newswire: 21:30 GMT Wednesday 13th June 2018

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