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Minespider And Star Diamond Corporation To Launch G7 Compliant Diamond Passport

Press Release

SASKATOON, Saskatchewan/BERLIN, Germany, April 25, 2024 – Star Diamond Corporation (TSX: DIAM) (“Star Diamond” or the “Company”), a Canadian corporation engaged in the exploration, acquisition and development of diamond properties, and Minespider, a leading traceability platform for tracking minerals and raw materials, announced today that they have partnered to launch the Diamond Passport and comply with the new G7 (Canada, France, Germany, Italy, Japan, United Kingdom and United States) rules.

Recently, the G7 countries have put a direct ban on Russian diamonds and agreed to establish a verification and certification mechanism for rough diamonds to prove the origin to ensure diamonds are not mined, processed, or produced in conflict zones.

Having over 6 years of traceability experience with companies like Google, Minsur, LuNa Smelter, and others, Minespider introduced its own Diamond Passport in March this year. The Diamond Passport contains all key information about the diamond, including its provenance data, the diamond’s unique DNA, such as size, shape, color, carat, clarity, cut, and specific inclusions (natural flaws or imperfections), certificates from gemological laboratories and other documentation about the diamond.

Star Diamond is striving to ensure that diamond mining in Saskatchewan is conducted responsibly, with a focus on improving environmental performance and accompanied by strong social performance.

“The Company is excited to partner with the team at Minespider as we prepare for the eventual production and retailing of our world-class conflict-free Saskatchewan diamonds. It is our aim to provide wholesalers/retailers and end purchasers with a complete provenance report on all of our gem-quality Kīwētin branded diamonds. This will ensure that end purchasers may rest assured that the diamond they purchase is conflict-free and ethically produced in Canada.” – Ewan Mason, President & CEO, Star Diamond Corporation.

“Through our partnership with Star Diamond, we intend to significantly strengthen the company’s position in diamond mining at large-scale mining spots in Canada. The diamond industry requires a new reliable mechanism for the verification and certification of rough diamonds based on traceability, and we are proud to support this significant change with our robust technology and extensive experience in mineral traceability.” – Nathan Williams, CEO and Founder, Minespider.

About Star Diamond Corporation

Star Diamond is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of Star Diamond trade on the Toronto Stock Exchange under the trading symbol “DIAM”. Star Diamond’s most significant asset is its interest in the Fort à 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.

About Minespider

Minespider is a leading technology platform for tracking minerals and raw materials. The company offers a traceability platform to track mineral supply chain data and create more sustainable and transparent mineral supply chains. Minespider has developed Digital Product Passports, which are digital material IDs that allow for easy transfer of key data throughout the supply chain. Companies such as Google, Ford Otosan, TEMSA, Minsur, Luna Smelter and others are using Minespider’s technology to move towards a sustainable future.

For further information, please contact: Phone: (306) 664-2202

Email: stardiamondcorp@stardiamondcorp.com

Website www.stardiamondcorp.com

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