Stornoway Diamond Corporation (SWY: TSX) has granted a total of 2,897,265 incentive stock options to directors, officers and employees of the Company pursuant to the terms of its Stock Option Plan. The options are exercisable on or before December 21, 2012 at price of $0.63 per share.

Stornoway Diamond Corporation is one of Canada's leading diamond exploration and development companies, involved in the discovery of over 155 kimberlites in six Canadian diamond districts. The Company benefits from a diversified diamond property portfolio, a strong financial platform and management and technical teams with experience in each segment of the diamond "pipeline" from exploration to marketing.

On behalf of the Board
STORNOWAY DIAMOND CORPORATION
/s/ "Eira Thomas"
Eira Thomas
Chief Executive Officer