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Star - Orion South Diamond Project & Fort à la Corne Diamond District Technical Presentation
George Read, P .Geo S enior Vice President Exploration & Development December 4, 2019
Safe Harbour Statement
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This presentation cont ains "forward-looking statements" and/ or "forward-looking information" within the meaning of applicable securities laws (collectively referred to as "forward-looking statements"). Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "believe", "expect ", "plan", "intend", "forecast ", "t arget", "proj ect ", "guidance", "may", "will", "should", "could", "estimate", "predict " or similar words suggesting fut ure outcomes or language suggesting an outlook. In particular, statement s regarding S tar Diamond Corporation's (the “ Company” , “ DIAM” or “ S t ar Diamond” ) future operations, future exploration and development activit ies or other development plans constitute forward-looking statements. Forward-looking statements included or implied in t his presentation include, but are not limited t o, disclosure regarding the economics and proj ect parameters presented in the PEA, including, without limitation, IRR, NPV and other cost s and economic information, carats of diamonds to be recovered, pre-tax payback period, tonnes of kimberlite t o be mined, carat s per t onne to be recovered (grade), diamond prices, life of mine, capit al cost s, length of pre-production period; diamond populat ions and typing; the pot ential proportion of Type IIa diamonds in the S tar and Orion S
- uth kimberlites and the pot ential for the recovery of large high quality diamonds, diamond reserves, market s and
forecast s; t he timing and cost s of future development and exploration activities on the Corporation's proj ect s; success of development and exploration activities; environmental approvals, permitting time lines and requirements; time lines for further studies; planned exploration and development of properties and the result s thereof; and planned expenditures and budgets and the execution thereof as well as t he Corporation and Rio Tinto Exploration Canada Inc’ s (“ RTEC” ) obj ectives for the ensuing year, including the proposed bulk sampling and Brownfields programs. These forward-looking statement s are based on the Corporation's current beliefs as well as assumptions made by and information currently available to it and involve inherent risks and uncertainties, both general and specific. Although management considers the assumptions contained in forward-looking statements to be reasonable based on information currently available to it, those assumptions may prove to be incorrect and actual results may not be consistent with these forward-looking statements. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or result s, and will not necessarily be accurate indications of whether such result s will be achieved. Risks exist that forward-looking statement s will not be achieved due to a number of factors including, but not limited to, developments in world diamond markets, changes in diamond prices, risks relating to fluctuations in the Canadian dollar and other currencies relat ive to the US dollar, changes in exploration, development or mining plans due to exploration result s and changing budget priorities of the Company or it s partners, the effects of competition in the markets in which the Company operat es, the impact of changes in the laws and regulations regulating mining exploration, development, closure, j udicial or regulatory j udgments and legal proceedings, operational and infrastructure risks and the additional risks described in the Company's most recent ly filed Annual Information Form, annual and interim MD&A. The Company's anticipation of and success in managing the foregoing risks could cause actual result s to differ materially from what is anticipated in such forward-looking statements. When making decisions with respect to the Company, investors and others should not place undue reliance on these statement s and should carefully consider the foregoing factors and other uncertainties and potential events. The forward-looking st atements in this presentation are expressly qualified by this cautionary statement . Unless required by applicable securities law, the Company does not undertake to update any forward-looking statement that is made herein.