Stornoway Diamond Corporation (TSXV-SWY) is pleased to announce at its Annual General Meeting held today, that Anthony (Tony) Walsh and Jeff Stibbard have been elected to the Board of Directors.
Mr. Jeff Stibbard is a consulting mining engineer with expertise in mine design, construction and operation, primarily focused in Canada's north. Mr. Stibbard's experience includes Mining Manager, BHP Diamonds Inc., Ekati Diamond Mine. Until recently, Mr. Stibbard was the General Manager of Mining, Albian Sands Energy Inc., Fort McMurray. He was accountable for leading the design, construction and operation of the 450,000 tpd Muskeg River Oilsand Mine and Tailings Dyke. Prior to Albian Sands, Mr. Stibbard was one of the original founding members of Western Oilsands Inc., a 20% partner in the development of the Shell Muskeg River Mine, Fort McMurray, helping take this company from concept to $1.5B in a four year period. His education includes a BASc. in Mining Engineering, from the Montana School of Mines in 1987.
Tony Walsh is the President, Chief Executive Officer and a Director of Miramar Mining Corporation. Prior to his appointment as President and Chief Executive Officer, Mr. Walsh served as the Vice-President, Finance and Chief Financial Officer of Miramar. Tony has been involved in the mining business for over 17 years and before joining Miramar was the Chief Financial Officer and Senior Vice President, Finance of International Corona Mines Ltd., a major North American gold producer. Mr. Walsh has also had experience in other business sectors outside of mining, including various positions at Deloitte, Haskins & Sells, a firm of Chartered Accountants. Mr. Walsh has been a member of the Canadian Institute of Chartered Accountants since 1976 and as such Stornoway is pleased he has also accepted the appointment to the Chair of Stornoway's Audit Committee.
"Stornoway is extremely pleased to be able to expand the independent component of its Board of Directors with these two very competent and experienced individuals. Both Directors have a strong background in all aspects of mine permitting, development and operation in Canada's north. Their addition to Stornoway's board strengthens our depth and competitive advantage as a Canadian diamond company focused on the discovery and development of the first Canadian owned diamond mine" stated Catherine McLeod-Seltzer, Co-Chairman.
Stornoway announces that it has, pursuant to its Stock Option Plan, granted to employees, consultants and directors options to purchase an aggregate of 345,000 common shares. The options are exercisable on or before August 19, 2009 at an exercise price of $2.05.
On behalf of the Board
STORNOWAY DIAMOND CORPORATION
/s/ "Eira Thomas"
Eira Thomas, President
For further information, please contact the Company at 604-687-7545 or (888) 338-2200
** Website: www.stornowaydiamonds.com Email: info@stornowaydiamonds.com **
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