This presentation is also publicly available under Stornoway's profile on SEDAR at www.sedar.com

1. BUILDING QUÉBEC’S FIRST DIAMOND MINE
Announcing C$944 Million Financing Package to Fully-Fund the Renard Diamond Project to Production
April 9th, 2014
Matt Manson
President, CEO & Director
Orin Baranowsky
Director of Investor Relations
A preliminary prospectus containing important information relating to the securities described in this document has been filed with the
securities regulatory authorities in each of the provinces of Canada. A copy of the preliminary prospectus, and any amendment, is required
to be delivered with this document. The preliminary prospectus is still subject to completion. There will not be any sale or any acceptance of an
offer to buy the securities until a receipt for the final prospectus has been issued. This document does not provide full disclosure of all material
facts relating to the securities offered. Investors should read the preliminary prospectus, the final prospectus and any
amendment for disclosure of those facts, especially risk factors relating to the securities offered, before making an
investment decision.

2. 2
Forward-Looking Information and Other Disclaimers
This presentation contains "forward-looking information" within the meaning of Canadian securities legislation and “forward-looking statements” within the
meaning of the United States Private Securities Litigation Reform Act of 1995. These forward looking statements and information, referred to herein as
“forward-looking statements”, are made as of the date of this presentation and the Company 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: (i) the amount of mineral resources and exploration targets; (ii) the amount of future production over any
period; (iii) net present value and internal rates of return of the mining operation; (iv) assumptions relating to recovered grade, average ore recovery,
internal dilution, mining dilution and other mining parameters set out in the 2011 Feasibility Study or the 2013 Optimization Study; (v) assumptions relating
to gross revenues, operating cash flow and other revenue metrics set out in the 2011 Feasibility Study or the 2013 Optimization Study; (vi) mine
expansion potential and expected mine life; (vii) expected time frames for completion of permitting and regulatory approvals and making a production
decision; (viii) future exploration plans; (ix) future market prices for rough diamonds; (x) the economic benefits of using liquefied natural gas rather than
diesel for power generation; and (xi) sources of and anticipated financing requirements. 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 and 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
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. Certain important assumptions by Stornoway or its consultants in making forward-looking statements include, but are not limited to: (i)
required capital investment and estimated workforce requirements; (ii) estimates of net present value and internal rates of return; (iii) receipt of regulatory
approvals relating to the financing transactions on acceptable terms within commonly experienced time frames; (iv) the assumption that a production
decision will be made, and that decision will be positive; (v) anticipated timelines for the commencement of mine production; (vi) market prices for rough
diamonds and the potential impact on the Renard Diamond Project’s value; (vii) the Corporation’s ability to raise the required capital to construct a mine at
the Renard Diamond Project; and (viii) future exploration plans and objectives.

3. 3
Forward-Looking Information and Other Disclaimers (contd)
We caution readers not to place undue reliance on these forward-looking statements as a number of important risk factors could cause the actual
outcomes, results, performances or achievements to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates,
assumptions and intentions expressed in such forward-looking statements, including, but not limited to: (i) increases in the costs of proposed capital and
operating expenditures; (ii) increases in financing costs or adverse changes to the terms of available financing, (iii) tax rates or royalties being greater than
assumed; (iv) results of exploration in areas of potential expansion of resources; (v) changes in development or mining plans due to changes in other
factors or exploration results of Stornoway; (vi) changes in project parameters as plans continue to be refined and the potential impact on the Renard
Project’s value; xiii) the ability of the Corporation to conclude definitive agreements with the financing parties and close the recently announced financing
transactions. Additional risk factors are discussed in the section “Description of the Business — Risk Factors” of the Corporation’s most recently filed
Annual Information Form and in the section “Risks and Uncertainties” of the Corporation’s most recently filed Interim Management’s Discussion and
Analysis available under the Corporation’s profile at: www.sedar.com. Stornoway does not undertake to update any forward-looking statement, whether
written or oral, that may be made from time to time by Stornoway or on our behalf, except as required by law.
Readers are referred to the technical report dated as of February 28th, 2013 entitled “The Renard Diamond Project, Quebec, Canada, Feasibility Study
Update, NI 43-101 Technical Report, February 28, 2013” in respect of the January 2013 Optimization Study, and the press release dated July 23, 2013 in
respect of the July 2013 Mineral Resource estimate for further details and assumptions relating to the project. The Qualified Persons that prepared the
technical reports and press releases that form the basis for the presentation are listed in the Company’s AIF dated July 25, 2013. Disclosure of a scientific
or technical nature in this presentation has been reviewed and approved by Robin Hopkins, P.Geol. (NT/NU), Vice President, Exploration, a “qualified
person” under NI 43-101.
The Financing Transactions described in this presentation are intended to provide a comprehensive financing package for the construction of the Renard
Diamond Project and, as such, the completion, effectiveness or availability, as the case may require, of each of the Financing Transactions is conditioned
on the completion (excluding the equipment facility), effectiveness or availability, as the case may require, of each of the other Financing Transactions.
An investment in Subscription Receipts involves a high degree of risk and must be considered speculative due to the nature of Stornoway’s business and
the present stage of exploration and development of its mineral properties. Prospective investors should carefully consider the risk factors described in and
incorporated by reference into the preliminary prospectus, including the “Forward-Looking Statements” and “Risk Factors” sections thereof.
Prospective investors should be aware that the purchase of Subscription Receipts may have tax consequences. The preliminary prospectus may not
describe these tax consequences fully. Prospective investors should read the tax discussion in the preliminary prospectus, including the “Canadian
Federal Income Tax Considerations” section thereof, and should consult with a tax advisor.
The potential quantity and grade of any Target for Further Exploration (“TFFE”) was defined on the basis of geological modelling, outcrop mapping, limited
delineation drilling, surface sampling and projecting kimberlite volumes from the base of the Inferred Mineral Resource to a depth of approximately 775m
below surface, representing the base of current drilling as established at the Renard 4 deposit.

4. 4
Summary of the Transaction
The Renard Diamond Project is Permitted
and Ready to Build
Stornoway is Now Pleased to Announce
a C$944 Million Financing Agreement to
Fully Fund the Project to Production
Highlights of the Transaction:
One-shot financing of all project costs, contingencies,
working capital requirements and financing costs.
Largest single project financing transaction for a
publically listed diamond company.
Careful balance of stream, debt and equity to
maximize shareholder value growth from project
development.
Sponsors:
• Orion Mine Finance
• Investissement Québec/Ressources Québec
• Caisse de dépôt et placement du Québec

5. 5
Transaction Structure
Type
Amount
(% of Total)
Description
Common Equity C$427M (45%)
• C$184M marketed public equity offering of subscription receipts
• C$243M private placement to Orion (US$110M), RQ (C$100M) and Caisse (C$22M)
Diamond Stream US$250M (29%) • 20% diamond stream (Orion 16%, Caisse 4%) with ~US$56/ct(1) ongoing payment
Convertible Debentures US$50M (6%)
• Provided by Orion; 7 year, 6.25% coupon, 35% conversion premium to equity issue
price
Senior Debt C$100M (11%) • Provided by IQ; 7 year amortizing payment, Fixed (QC Bond)+5.75% or Prime +4.75%
Equipment Financing US$35M (4%) • Provided by Caterpillar
Cost Overrun Facility C$48M (5%)
• C$20M provided by IQ (same terms as senior debt)
• C$28M provided by Caisse (unsecured, 7 year term, 10% coupon)
Total C$944M (100%)
Assumes US$1.00 = C$1.10
1. Includes reimbursement of marketing expenses
Counter-Party
Amount
(% of Total)
Orion Mine Finance C$396M (42%)
Investissement Québec/
Ressources Québec
C$220M (23%)
Caisse de dépôt et
placement du Québec
C$105M (11%)
Caterpillar Financial C$39M (4%)
Public C$184M (20%)
Total C$944M (100%)
C$87M
C$811M
C$944M
C$70M
C$69M
Financing Funding Requirements
New
Financing
Existing
Financing
C$48M COF &
C$33M Working
Capital
Financing
Costs &
Interest During
Construction
Renard Mine
Road
Initial Capex &
Escalation
Allowance

6. 6
World’s First Diamond Streaming Agreement
Why a Stream?
Project Cash Operating Margin (Reserve Case, Nominal Terms)
The Renard Diamond Project is ideally suited for a streaming arrangement: the project has a
high operating margin and its capital requirements are front-ended.
The proposed stream-debt-equity financing structure minimizes shareholder dilution and is
accretive to Stornoway’s NAV per share.
US$250m for a 20% stream represents 34% of the Renard Diamond Project’s initial capital
cost and 29% of the overall financing plan.
67.2%
2013 Optimization
Study
`
20% Stream
-6.6% +2.6%
+3.8% -2.1%
Current Reserve
Case Mine Plan
October 2013 LNG
Operating Case
Exchange Rate
Diamond Price
Assumptions1
64.9%
Notes:
1. The January 2013 Optimized FS utilized May 2011 diamond pricing

7. 7
Recent Comparative Project Financing Transactions1
Redacted
fr
In accordance with Subsection 13.7(4)(b) of Regulation 41-101 respecting General
Prospectus Requirements, certain comparables and related disclosure were removed om
this template version of the presentation.

8. 8
Transaction Schedule
Date Description
April 9 • Launch of marketed Public Equity Offering via Subscription Receipts
April 10 – May 1 • Marketing for the Public Equity Offering
End of April/Early May • Pricing and close of Public Equity Offering and release of funds to an escrow account
End of April/Early May • Management information circular mailed to Stornoway shareholders
End of May • Special meeting of Stornoway shareholders
June 1 • Release of proceeds and issuance of common shares to holders of Subscription Receipts
• Execution of definitive documentations for all Financing Transactions

9. 9
Current Major Shareholdings
Share Price (TSX-SWY):
April 8, 2014
C$ $0.99
52 week High-Low C$ $0.49–$1.22
Average Daily Volume:
6 month average
164,800
Market Capitalization:
(based on voting and non-voting shares)
C$ 174 million
Total Shares Outstanding:
(Basic and Non-voting convertible shares)
175 million
Total Options & Warrants Outstanding:
(7.7m Options $0.40-$2.39; 18.1m warrants
$0.95-$1.21)
26 million
Consolidated Cash:
(as of January 31, 2014)
C$ 21 million
Consolidated Debt:
($100m Standby Facility with IQ undrawn)
C$ 66 million
Reserve Case Project NPV1:
(January 2013 Optimized Feasibility Study)
US$ 391 million
Reserve Case P/NPV:
(January 2013 Optimized Feasibility Study)
0.51x
Balance Sheet
Pre-Transaction Capital Structure
Notes
1. 7% NPV as of Jan 1st 2013
2 Year Share Performance
IQ
(common shares, plus non-
voting convertible shares)
23.1% 33.0%
Agnico-Eagle 9.7% 8.4%
Float 67.2% 58.6%
DilutedBasic

10. 10
Merits of the Transaction
Stornoway’s Proposed C$944 Million Project
Financing Agreement for Renard Provides Both
New and Existing Shareholders the Following
Opportunities:
Fully funds Renard to production: clear view for shareholders
through to project completion.
Addresses Stornoway financing needs and unlocks project value.
Allows company valuation re-rating from explorer/developer to
producer.
Includes a cost over-run facility (COF) and covers all expected
financing costs and working capital requirements.
Minimizes potential shareholder dilution compared to
all-equity or debt+equity+equity COF structures,
yielding higher potential NAV per share.
Fair for shareholders: shareholders get to vote,
private and public equity to be priced equally.

11. 1111
Québec’s First Diamond Mine

12. 12
Lynx
R10
N
R7
R1Hibou
R4
R9
R2
R3
R65
R8
Kimberlite Bodies with
Probable Mineral Reserves
Hibou
Lynx
R4
R9
R2
R3
R65
Kimberlite Bodies with
Mineral Resource Potential
R1Hibou
Lynx
Legend
Stornoway Properties
Hydro-Québec Facility
Renard Kimberlites
Kimberlitic Dyke
Regional Kimberlites
Hydro-Québec
Powerlines
Route 167 Extension/
Renard Mine Road
Road
Exploration/ Mining
Projects
LEGEND:
0 1 2
Kilometers
60 0 60 120
Kilometers
Renard
LG3LG2
LG4
Laforge 1
Laforge 2
Brisay
Foxtrot Property
Strateco
Eastmain MineWestern Troy
Troilus Mine
Eleonore
Temiscamie
Mistissini
Chibougamau
Matagami
Wemindji
Renard Kimberlite Bodies
Kimberlite Bodies with
Inferred Mineral Resources

13. 13
The Feasibility: 11 years
of mining on 18mcarat
Mineral Reserve
(24mtonnes)
Permitting and Long
Term Plan
The Vision: Deposit still
Open
40
60
80
100
120
140
Millions
of Tonnes
20
0
TFFE High Range
Inferred Mineral Resource
TFFE Low Range
Indicated Mineral Resource
Notes: Reserve and Resource categories are compliant with the "CIM Definition
Standards on Mineral Resources and Reserves". Mineral resources that are not mineral
reserves do not have demonstrated economic viability. The potential quantity and grade
of any TFFE is conceptual in nature, and it is uncertain if further exploration will result in
the target being delineated as a mineral resource.
Renard’s Mineral Resource Potential
Based on 2013 Mineral Resource Estimate
0m
100m
200m
400m
600m
700m
500m
300m
Renard 65
29/24cpht Renard 3
103/112cpht
Renard 2
104/119cpht
Renard 9
53cpht
Renard 4
60/50cpht
27 mcarat Indicated Mineral Resource
17 mcarat Inferred Mineral Resource
26-48 mcarat TFFE
Source: Stornoway, 2014

14. Mineral Reserve Based Mine Plan
2013 Optimization Study
0m
100m
200m
400m
600m
700m
500m
300m
Notes
1. Key Assumptions:C$1=US$1, Oil US$95/barrel, 2.5% real terms diamond price growth
Q311-Q425, 82.9% ore recovery, 23.8% mining and internal dilution, 0cpht dilution
grade, January 1 2013 effective date for NPV and IRR calculation.
2. Expressed in May 2011 terms.
3. Expressed in October 2012 terms, as adjusted in 2013 LNG Study capex would be
$754m and operating costs would be $54/t or $71/ct.
4. Actual.
5. Excludes capitalized preproduction costs.
6. Expressed in de-escalated nominal terms.
Reserve Based Mine Plan1
(2013 Optimization Study using Parity Dollar and May
2011 Diamond Pricing)
Mining Parameters
Mine Life 11 years
Mineral Reserve 17.9 mcarats
Avg. Diamond Price2
$180/carat
Production Rate 2.2 mtonnes/yr
Ave. Diamond Production 1.6 mcarats/yr
Gross Revenue (C$M) $4,268
Initial Capital Costs
Initial Cap-ex3
$752m
Escalation Allowance $45m
Renard Mine Road4
$70m
Operating Parameters
Operating Cost3,5
$58/t ($76/carat)
Operating Margin 67%
Operating Cash Flow $2.7B
Valuation Parameters6
After Tax NPV (7%; Jan 1 2013) $391m
After Tax IRR 16.3%
Payback 4.8 years
Renard 65
Renard 2 Renard 3
Renard 4
14
Source: Stornoway, 2014

15. 15
Mineral Resource Based Mine Plan
Long Term Plan: Foundation of Permitting and ESIA
0m
100m
200m
400m
600m
700m
500m
300m
Renard 65
Renard 2 Renard 3
Renard 4
Renard 9
27 mcarat Indicated Mineral Resource
17 mcarat Inferred Mineral Resource
26-48 mcarat TFFE
Mineral Resource Based Mine Plan
(Basis of December 2012 ESIA and Mine Permitting)
An Extended Mine-Life Operating Plan
Includes 2.3mcarat of Indicated Resources
within the Renard 65 open pit, up to 17 mcarats
of Inferred Mineral Resources within Renard 2,
3, 4 & 9, and an increase in annual ore
processing to 2.5mtonnes/yr.
Represents the mine plan contained within the
December 2012 ESIA and Renard’s operating
authorizations but does not form part of the 2013
Optimization Study consistent with NI 43-101.
Notes: Reserve and Resource categories are compliant with the "CIM Definition Standards
on Mineral Resources and Reserves". Mineral resources that are not mineral reserves do
not have demonstrated economic viability. The potential quantity and grade of any Target for
Further Exploration (“TFFE”) is conceptual in nature, and it is uncertain if further exploration
will result in the target being delineated as a mineral resource.
The Renard 2013 Optimization Study Does
Not Include:
1. The potential for extending mine life from additional
Mineral Resources and exploration targets at depth.
2. The potential positive impact on price from large
diamonds.
3. Volume upside from additional plant processing
capacity.
Source: Stornoway, 2014

16. 16
What has Changed Since the 2013 Optimization Study?
0m
100m
200m
400m
600m
700m
500m
300m
Renard 65
Renard 2 Renard 3
Renard 4
Renard 9
27 mcarat Indicated Mineral Resource
17 mcarat Inferred Mineral Resource
26-48 mcarat TFFE
14% Increase in Indicated Mineral
Resources
July 2013: Additional 2.3Mcarats at Renard 65
(7.9 Mtonnes at 29cpht), open pittable to 150m depth.
7% Reduction in Op-ex with LNG Option
October 2013: Annual op-ex reduction of up to $10m
using LNG for power generation, with incremental cap-
ex increase of just $2.6m.
10% Improvement in C$:US$ Exchange
90% of Project Capex is C$ denominated. The 2013
Optimization Study assumed a parity dollar. Current
C$1.10:US$ rate boosts margins and increases NPV.
Sustained Recovery in Diamond Prices
March 2014: Revised estimates of US$197/ct for R2;
US$187/ct for R65, a market increase of 4% since
March 2013 and within 2% of May 2011 dated
assumptions in the 2011 Feasibility Study and 2013
Optimization Study. Notes: Reserve and Resource categories are compliant with the "CIM Definition Standards
on Mineral Resources and Reserves". Mineral resources that are not mineral reserves do
not have demonstrated economic viability. The potential quantity and grade of any Target for
Further Exploration (“TFFE”) is conceptual in nature, and it is uncertain if further exploration
will result in the target being delineated as a mineral resource.
Source: Stornoway, 2014

17. 17
Stornoway will be a Significant Diamond Producer
Current and Future Diamond Producers
Source: Kimberly process and Company Reports
Redacted
fr
In accordance with Subsection 13.7(4)(b) of Regulation 41-101 respecting General
Prospectus Requirements, certain comparables and related disclosure were removed om
this template version of the presentation.

18. 1818
Project Execution

19. 19
Waste Rock
Processed Kimberlite
Containment (PKC)
Overburden
Stockpile
R2-R3
Ore Stockpile
R65
Camp
Plant
Road from Chibougamau
General Project Arrangement

20. 20
Project Execution
Accommodation Complex
Process and Power Plants
Access Infrastructure Pre-Financed and
Already Constructed
Renard Mine Road open to traffic since August 30th
2013. Aerodrome open since November 5th 2013.
Favourable Cost and Labour Environment
Limited amount of recent mine construction activity in
Québec means competitive cost environment and good
contractor/labour availability.
Owner’s Team and EPCM Contract in
Place
Montreal based owner’s team in place for planning,
engineering, environment, stakeholder relations and
cost management. Stornoway will also enter into an
EPCM agreement with SNC-Lavalin & AMEC.
LNG Power Option Completed for Reduced
Operating Cost Risk
LNG power option utilizes all-season access road and
existing commercial LNG distribution network in
Québec.

21. 21
Permitting and Social Acceptability
Strong Regulatory and Public Support for Québec’s First Diamond Mine
Social Licence
Permitting
March 2012: Impact and Benefits Agreement
(“IBA” or the “Mecheshoo Agreement”) with the
Cree Nation of Mistissini and the Grand Council
of the Crees (EI).
July 2012: Partnership Agreements Signed with
Chibougamau and Chapais.
Oct. 2012: Québec Mining license issued.
Dec. 2012: Québec Certificate of Authorization
issued.
July 2013: Positive Federal Environmental
Assessment decision issued.
All Community Agreements and Regulatory
Authorizations Required to Proceed to
Construction are in Place.

22. 22
The Route 167 Extension and the Renard Mine Road
The Only Canadian Diamond Mine with an All-Season Access Road
50 km
Renard Diamond Project
Explor./Mining Projects
Stornoway Properties
Albanel-Témiscamie-
Otish Par
Segment A: 0-82km
Segment B: 82-143km
Segment C: 143-195km
Segment D: 195-240km
Legend
Renard
WesternTroy
Eastmain
Abitex
Strateco
Mistissini
Lac
Mistassini
Lac
Naococane
Lac Hecla
Lac
Albanel
Km 0
Km82
Km240
Km195
Km143
Construction of an all-season access road connecting
Renard to the Québec highway system began in Feb. 2012.
Road segments A & B (143 km) constructed by Québec as
a 2-lane highway. Segments C & D (97 km) constructed by
Stornoway as the single lane “Renard Mine Road”.
All 4 segments were connected and opened for mine
construction traffic on August 30th 2013, 2 months ahead of
schedule and approximately 10% below budget.
To complete this work, Québec provided Stornoway $77m
of debt financing, repayable upon commercial production at
Renard.
Stornoway has been able to apply $7m of debt savings to
complete the civil works for the Renard Mine Airport.
Segments C & D
Stornoway
97km of Mine
Road (50km/hr)
Segments A & B
Min. of Transport
143km of Regional
Highway (70km/hr)
Road Link-Up
August 30th 2013
Transportation of Pre-
Fabricated Temporary Bridge
Spans March 2013

23. 23
Views of the Road
KM 210 KM 237
KM 155

24. 24
Eastmain River Bridge
KM 184
KM 184

25. 25
Renard Mine Airport
The Renard Mine Airport is located 8 km south of the
project site.
Certification will be sought from Transport Canada to
receive Dash 8-300 turboprop and Hercules aircraft.
Design criteria (3C-NP):
• Gravel surface
• 30m wide by 1,494m long
• Taxiway and 100mx100m apron
• Equipped with assisted landing capability
Civil works completed: First landing Nov 2013.
Renard Diamond Project Site
Oct 2013
Nov 2013
Sept 2013

26. 26
Liquefied Natural Gas Power Plant
Feasibility Study Released October 2013
With a view to project optimization,
Stornoway has been investigating more
cost efficient alternatives for on-site power
supply than traditional diesel fuelled gen-
sets.
A Hydro-Québec powerline has been ruled
out in the short term due to high cap-ex
cost.
On October 21st 2013 Stornoway
announced it will proceed with an LNG
fuelled gen-set option, made possible by the
ability to receive regular cryogenic LNG
shipments on the Renard Mine Road.
The Renard LNG plant will comprise seven
2.1MW rated gas gen-sets, providing
sufficient power generation capacity for the
project’s normal operating specification of
9.5MW.

27. 27
Liquefied Natural Gas Power Plant
Feasibility Study Released October 2013
An LNG fuelled powerplant for Renard offers many advantages over diesel:
• Greatly reduced annual operating costs of $8m to $10m per year, for a small incremental capital cost
of $2.6m.
• Up to 43% less greenhouse gas emissions.
• Long term, stable supply market utilizing existing commercial distribution network within Québec.
• Elimination of on-site propane, as LNG will be used for building and underground mine heating.
Diesel will continue to be used for the mobile mining fleet and construction activities
Cost Improvements with LNG
2013 Optimization
Study with Diesel
2013 Optimization
Study with LNG
Unit Power Cost (C$/kWh) 1
$0.299 $0.188 (-37%)
Unit Operating Cost (C$/tonne) 1,2
$57.63 $53.84 (-7%)
Initial Capital Cost (C$m) 1
$752.1 $754.0 (+0.3%)
Life of Mine Capital Cost (C$m) 1,3
$1,013 $1,010 (-0.3%)
Annual Diesel Consumption (million litres) 27.5 5.9 (-79%)
Annual LNG Consumption (thousand m3
/annum) n/a 41.7
Annual Propane Consumption (thousand m3
/annum) 3.5 n/a
Notes
1. 2013 Optimization Study costs expressed in October 2012 terms.
2. Excludes capitalized preproduction costs.
3. Includes all initial, sustaining and deferred capital, contingencies and escalation
Key Assumptions
Based on the 11 year reserve-based mine life (17.9 mcarats) contained within
the 2013 Optimization Study, with a normal operating load of 9.49MW,
C$1=US$1, Oil US$95/barrel

28. 28
Site Progress
October 2013
R65 Borrow Pit
Tree Clearing
Bulk Sample
DMS Plant
Construction Camp
Renard Mine Road
R65
R2
R9
R4

29. 29
Project Schedule
Revised March 2014 on Basis of Renard Diamond Project Financing Schedule
Feasibility Study (Complete)
ESIA (Complete)
Public Hearings (Complete)
Reg. Authorizations (Complete)
Specific Operating Permits (50)
Detailed Engineering
Project Financing
Road Construction
Site Construction
Commissioning and Ramp-up
Commercial Production
2012
2H 2H 2H 2H2H 1H 1H 1H1H
2013 2014 2015 2016
2H1H
2017
First Vehicle Access
Based on the Renard Diamond Project Financing Schedule, Plant Commissioning
is Planned for Q3 2016 and Commercial Production in Q2 2017.

30. 3030
Project Potential

31. 31
490 m
asl
-275 m
asl
0 m
790 m
Indicated Mineral Resource
Legend
Inferred Mineral Resource
Low Range TFFE
High Range TFFE
Ongoing Mineral Resource Expansion
$10m Deep Resource Conversion Drill Program to Begin in April 2014
Renard 2 Renard 3 Renard 4 Renard 65 Renard 9
1. Conversion of Renard 65 Inferred Mineral Resources to Indicated to
150m depth (July 2013: Completed)
2. Addition of Renard 2 Country Rock Breccia to both Indicated and
Inferred Mineral Resources (July 2013: Completed)
3. Targeting conversion of high grade Renard 2 Inferred Mineral
Resources to Indicated (6.2 Mcarats in 5.23 Mtonnes) and targeting
an additional 4.2 to 7.3 Mcarats of exploration upside between 700m
and 770m depth. Open below 770m. (2014 Drill Program)
1
2
3
Notes: Reserve and Resource categories are compliant with the "CIM
Definition Standards on Mineral Resources and Reserves". Mineral
resources that are not mineral reserves do not have demonstrated
economic viability. The potential quantity and grade of any TFFE is
conceptual in nature, and it is uncertain if further exploration will result
in the target being delineated as a mineral resource.

32. 32
Renard’s High Value Diamonds
Large Diamond Potential Not Included in Base Case Diamond Valuation Models
The Renard kimberlite pipes have similar, but marginally different diamond populations
exhibiting coarse size distributions and with high proportions of large white gems.
99% by weight gem/near-gem quality. 1% industrial quality boart.
Value Upside in Large Gems: Diamonds larger than 10.8ct (“Specials”) estimated at three to six 50-
100ct stones and one to two +100ct stones every 100,000 carats (two weeks). Not accounted for in
the revenue model.
The 2013 Optimization Study assumed an average diamond valuation of US$180/ct (calculated on
an un-escalated basis) based on May 2011 prices. The current estimate of average diamond value,
as of March 2014, is US$190/carat (un-escalated).
March 2014 Diamond Valuations
(WWW International Diamond Consultants Ltd.)
Kimberlite
Body
Size of
Valuation
Sample
(carats)
WWW March
2014 Sample
Price
(US$/carat)1
WWW March
2014 Base Case
Price Model
(US$/carat)1
Sensitivities
(Minimum to High)
Renard 2 1,580 $187 $197 $178 to $222
Renard 3 2,753 $179 $157 $146 to $192
Renard 4 2,674 $101 $106 ($155)2
$100 to $174
Renard 65 997 $262 $187 $175 to $211
Notes
1. All prices in US$/carat. Samples utilizing a +1 DTC sieve size cut-off.
2. Should the Renard 4 diamond population prove to have a diamond population with a size distribution
equal to the average of Renard 2 and 3, WWW have estimated that a base case diamond price model
of $155 per carat based on March 2014 pricing. Source: WWW March 2014 Valuation Update
Renard 3 Bulk Sample Stones larger
than 2 carats. “Run of Mine”

33. 33
100
150
200
250
300
350
01/01/10 01/01/11 01/01/12 31/12/12 01/01/14
Indexto2009=100
WWW Rough Index, CPI Adjusted Renard Model Price Growth
WWW R.I.
CPI Adj Base Price
May 2011 Mar 2013
+20%
-10%
+10%
-20%
Mar 2014
Rough Diamond Price Movements
The Diamond Market, January 2010 to March 2014
A tracking of the diamond market since the publication of the 2011 Feasibility Study and 2013 Optimization
Study indicates rough diamond prices have generally remained within the bounds of sensitivities contained
within the financial model (May 2011 spot prices and a 2.5% real terms annual price escalator).
May 2011 Valuation
utilized in the 2011
Feasibility and 2013
Optimization Study
based on the average
of 5 diamantaires
c.10% below the WWW
rough index price

34. 34
Rough Diamond Supply
Diamond Market Outlook
Compelling Supply and Demand Fundamentals
Rough Diamond Demand
Rough diamond supply forecasting is robust given
the small number of diamond producers worldwide
and the difficulty in finding and bringing to
production new deposits. Consensus is for a
modest increase in supply to 2018 and a decline
in supply thereafter.
Demand growth forecasting is based upon
applying regional diamond consumption habits to
GDP growth forecasts.
The August 2013 report issued by Bain & Co and
the Antwerp World Diamonds Center forecasts a
rough diamond supply CAGR of 2.0% and a rough
diamond demand CAGR of 5.1%.
The January 2013 Optimization Study contains a
real diamond price CAGR of 2.5%, consistent with
consensus forecasts.
The actual rough diamond price CAGR has been
8.9% between October 2003 and March 2014 in
nominal terms.
Sources: WWW International Diamond Consultants Ltd.; The Global Diamond
Report, August 2013: Bain & Co/Antwerp World Diamond Centre
CAGR
(2012-2023)
5.1%
CAGR
(2012-2023)
2.0%

35. 3535
Summary

36. 36
Stornoway Diamond Corporation TSX:SWY
Mining Lease and Certificates of Authorization Issued
Access infrastructure already completed: the only
Canadian Diamond Mine with an all-season road.
Strong Public Support in Québec; IBA in Place
Excellent Diamond Supply & Demand Fundamentals
Favourable Project Execution and Operating Environment
Additional Potential from Mineral Resource, Diamond
Pricing and Plant Capacity Not Incorporated in Reserve-
Case Feasibility
100% ownership in the Renard Diamond
Project, One of the World’s Few New
Diamond Projects Under Development
Permitted and Shovel-Ready
Now, Announcing the World’s Largest
Single Project Financing Transaction for a
Publicly Listed Diamond Company to Fully-
Fund the Project to Production.

37. 3737
Appendix: Investor Resources

38. 38
Hume Kyle
Independent
Zara Boldt
CFO and VP
Finance
Pat Godin
COO & Director
Matt Manson
President, CEO
& Director
Michel Blouin
Independent/
IQ Designate
Yves Harvey
Independent
John LeBoutillier
Independent/
IQ Designate
Monique Mercier
Independent/
IQ Designate
Peter Nixon
Independent
Ebe Scherkus
Independent/
Board Chairman
Executive Officers
Non-Executive Directors
Key Managers
Head Office: Longueuil, Québec
Exploration Office: North Vancouver, BC
Community Offices: Mistissini & Chibougamau Québec
Stornoway’s Board and Management Team
Serge Vézina
Independent
Yves Perron
VP Engineering
& Construction
Ghislain
Poirier
VP Public Affairs
Brian Glover
VP Asset
Protection
Martin Boucher
VP Sustainable
Development
Robin
Hopkins
VP Exploration
Orin
Baranowsky
Director, IR
Ian Holl
VP Processing

39. 39
Pat Godin
COO & Director
Biographies
Ebe Scherkus
Chairman of the
Board
Matt Manson was appointed President of Stornoway Diamond Corporation in March 2007 and subsequently
President & CEO in January 2009. Between 1999 and 2005 he was employed by Aber Diamond Corporation
(now Dominion Diamond Corporation) as VP Marketing and subsequently VP Technical Services &
Control, during which time he participated in the US$230m project financing for the Diavik Diamond Project and
oversaw Aber's technical and marketing operations. Mr. Manson is a graduate of the University of Edinburgh
(BSc Geophysics, 1987) and the University of Toronto (MSc Geology 1989 and PhD Geology, 1996), and has
over 18 years of experience in diamond exploration, development and production.
Pat Godin joined Stornoway as COO in May 2010. He was previously VP, Project Development for GMining
Services, responsible for the development of the Essakane Mine in Burkina Faso under contract to
IAMGOLD, VP Operations for Canadian Royalties, and President and General Manager of CBJ-CAIMAN
S.A.S., a French subsidiary of Cambior / IAMGOLD. For many years, he was involved in Cambior’s various
Canadian properties in Abitibi-Témiscamingue, through progressive management positions in project
development and mine management. He holds a bachelor’s degree in mining engineering from Université Laval
in Québec and is a member of the “Ordre des Ingénieurs du Québec”. He is the Chairman of the Board of
Geomega Resources and a director of Orbit-Garant Drilling.
Mr. Scherkus served as the President and Chief Operating Officer and a director of Agnico-Eagle from 2005 to
February 2012. Prior to his appointment as President and Chief Operating Officer in December 2005, Mr.
Scherkus served as Executive Vice-President and Chief Operating Officer from 1998 to 2005, as Vice-
President, Operations from 1996 to 1998, as a manager of Agnico Eagle LaRonde Division from 1986 to 1996
and as a project manager from 1985 to 1986. Mr. Scherkus is a graduate of McGill University (B.Sc.), a
member of the Association of Professional Engineers of Ontario and past president of the Québec Mining
Association. He is Chairman of the Board of Premier Gold Mines Ltd.
Matt Manson
President, CEO
& Director

40. 40
Stornoway Diamond Corporation TSX:SWY
Head Office:
1111 Rue St. Charles Ouest,
Longueuil, Québec J4K 5G4
Tel: +1 (450) 616-5555
Contacts:
Matt Manson PhD, President and CEO
mmanson@stornowaydiamonds.com
Tel: +1 (416) 304-1026 x101
Orin Baranowsky CFA, Director IR
obaranowsky@stornowaydiamonds.com
Tel: +1 (416) 304-1026 x103
www.stornowaydiamonds.com