Stornoway Diamond Corporation (TSX:SWY); (the "Corporation" or "Stornoway") is
issuing a reminder that it has convened a special meeting of shareholders to be
held on June 26, 2014 at 10:00 a.m. E.T. (the "Special Meeting") at the offices
of Norton Rose Fulbright located at 1 Place Ville Marie, 25th Floor, Montreal,
Quebec, Canada H3B 1R1.


At the Special Meeting, shareholders will be asked to consider the resolutions
(the "Resolutions") set forth in the management information circular of the
Corporation dated May 28, 2014 (the "Management Information Circular") with
respect to certain elements of the financing transactions (the "Financing
Transactions") contemplated in the financing commitment agreement entered into
by Stornoway and Stornoway Diamonds (Canada) Inc. with Orion Co-Investments I
Limited, Ressources Quebec and Caisse de depot et placement du Quebec on April
9, 2014, as amended on May 7, 2014 and May 12, 2014, in accordance with
applicable Toronto Stock Exchange (the "TSX") and regulatory requirements.


Registered shareholders are reminded that the cut-off time for submitting
proxies in order to vote on the Resolutions is 10:00 a.m., Eastern time, on
Wednesday, June 25, 2014. Beneficial shareholders who hold their shares in
brokerage or investment accounts or through intermediaries may have an earlier
cut-off date to submit their votes through their voting instruction form.


The Management Information Circular in respect of the Special Meeting has been
mailed to Stornoway's shareholders and a copy has been filed and may be obtained
on Stornoway's SEDAR profile at www.sedar.com.


Registered shareholders who have questions should contact the Corporation's
registrar and transfer agent, Computershare Investor Services Inc., at tel.
1-800-564-6253, or by e-mail: service@computershare.com. Beneficial or
non-registered shareholders should contact their broker, dealer, custodian or
other intermediary that administers the account in which their shares are held.


In addition, the various parties to the Financing Transactions, including
Stornoway, have agreed to fix the date for determining the US dollar equivalent
of the conversion price of the convertible debentures to be issued pursuant to
the Financing Transactions based on the Bank of Canada CAD/USD noon exchange
rate on the business day immediately preceding the date the convertible
debentures will be issued, which is anticipated to be the closing date of the
Financing Transactions, as opposed to the business day prior to the date of
conversion, as previously disclosed. While the convertible debentures will be
denominated in US dollars, their conversion price of $0.945 is denominated in
Canadian dollars since Stornoway's common shares trade on the TSX only in
Canadian dollars. The Corporation has agreed to fix the conversion price of the
convertible debentures in this manner as it eliminates the risk of currency
fluctuations, is not material to the terms of the Financing Transactions and
does not affect the Resolutions. 


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 Quebec. In November 2011, Stornoway released the results of a
Feasibility Study at Renard, followed by an Optimization Study in January 2013,
which highlighted the potential of the project to become a significant producer
of high value rough diamonds over a long mine life. Probable Mineral Reserves,
as defined in National Instrument 43-101 - Standards of Disclosure for Mineral
Projects ("NI 43-101"), stand at 17.9 million carats. Total Indicated Mineral
Resources, inclusive of the Mineral Reserve, stand at 27.1 million carats, with
a further 16.85 million carats classified as Inferred Mineral Resources, and
25.7 to 47.8 million carats classified as non-resource exploration upside.
Readers are cautioned that the potential quality and grade of any target for
further exploration is conceptual in nature, there has been insufficient
exploration to define a Mineral Resource and it is uncertain if further
exploration will result in the target being delineated as a Mineral Resource.
All kimberlites remain open at depth. Readers are referred to the technical
report dated December 29th, 2011 in respect of the November 2011 Feasibility
Study for the Renard Diamond Project, and the technical report dated February
28th, 2013 in respect of the January 2013 Optimization Study, for further
details and assumptions relating to the project. Disclosure of a scientific or
technical nature in this press release was prepared under the supervision of
Robin Hopkins, P.Geol. (NT/NU), Vice President, Exploration, a "qualified
person" under NI 43-101.


About Stornoway Diamond Corporation 

Stornoway is a leading Canadian diamond exploration and development company
listed on the Toronto Stock Exchange under the symbol SWY and headquartered in
Montreal. Our flagship asset is the 100% owned Renard Diamond Project, on track
to becoming Quebec's first diamond mine. 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.




On behalf of the Board                                                      
STORNOWAY DIAMOND CORPORATION                                               
/s/ "Matt Manson"                                                           
Matt Manson                                                                 
President and Chief Executive                                               



This press release contains "forward-looking information" within the meaning of
Canadian securities legislation. This information and these statements, referred
to herein as "forward-looking statements", are made as of the date of this press
release and the Corporation does not intend, and does not assume any obligation,
to update these forward-looking statements, except as required by law.


Forward-looking statements relate to future events or future performance and
reflect current expectations or beliefs regarding future events and include, but
are not limited to, statements with respect to the anticipated timing, place and
purpose of the shareholder meeting. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions or future events or performance (often, but
not always, using words or phrases such as "expects", "anticipates", "plans",
"projects", "estimates", "assumes", "intends", "strategy", "goals",
"objectives", "schedule" or variations thereof or stating that certain actions,
events or results "may", "could", "would", "might" or "will" be taken, occur or
be achieved, or the negative of any of these terms and similar expressions) are
not statements of historical fact and may be forward-looking statements. 


Forward-looking statements are made based upon certain assumptions by Stornoway
or its consultants and other important factors that, if untrue, could cause the
actual results, performances or achievements of Stornoway to be materially
different from future results, performances or achievements expressed or implied
by such statements. Such statements and information are based on numerous
assumptions regarding present and future business prospects and strategies and
the environment in which Stornoway will operate in the future, including the
price of diamonds, anticipated costs and Stornoway's ability to achieve its
goals, anticipated financial performance, regulatory developments, development
plans, exploration, development and mining activities and commitments. Although
management considers its assumptions on such matters to be reasonable based on
information currently available to it, they may prove to be incorrect. Certain
important assumptions by Stornoway in making forward-looking statements include,
but are not limited to the receipt of regulatory approvals on acceptable terms
within commonly experienced time frames. Additional risks are described in
Stornoway's most recently filed Annual Information Form, annual and interim
MD&A, the final short form prospectus dated May 12, 2014 and other disclosure
documents available under the Corporation's profile at: www.sedar.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Matt Manson
President and CEO
416-304-1026 x101


Orin Baranowsky
Director, Investor Relations
416-304-1026 x103 or toll free at 1-877-331-2232


M. Patrick Godin
Vice-president et Chef des operations de Stornoway
450-616-5555
pgodin@stornowaydiamonds.com


Stornoway Diamond Corporation
Website: www.stornowaydiamonds.com
Email: info@stornowaydiamonds.com