Updated Corporate Presentation for Stornoway Diamond Corporation

1. BUILDING QUÉBEC’S FIRST DIAMOND MINE
Corporate Update August 5th, 2014
Matt Manson
President, CEO & Director
Orin Baranowsky
Director of Investor Relations

2. 2
Forward-Looking Information
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. This information and these statements, 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 Feasibility Study or Optimization Study; (v) assumptions relating to gross revenues, operating cash flow and
other revenue metrics set out in the Feasibility Study or 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;
and (x) 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” 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 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 factors that could cause
actual results, performances or achievements to differ materially from those in the 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 on acceptable
terms within commonly experienced time frames; (iv) anticipated timelines for the commencement of mine production; (v) market prices for rough diamonds and
the potential impact on the Renard Project’s value; and (vi) future exploration plans and objectives. Additional risks are described in Stornoway's most recently
filed Annual Information Form, annual and interim MD&As, and other disclosure documents available under the Company’s profile at: www.sedar.com.
When relying on our forward-looking statements to make decisions with respect to Stornoway, investors and others should carefully consider the foregoing factors
and other uncertainties and potential events. 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.

3. 3
Stornoway Diamond Corporation TSX:SWY
100% Ownership in Renard,
Québec’s First Diamond Mine
Fully Financed; Fully Permitted
Under Construction; First Production 2H 2016
One of the World’s Few New Diamond Projects
Under Development:
C$150m-C$250m Operating Cash Flow Profile1
Top-Tier Operating Margins
Significant Resource and Diamond Price Upside
Excellent Commodity Fundamentals
Notes:
1. Cash flow assumptions itemized on slide 26

4. 4 Publicaly Listed Diamond Producers, Developers and Explorers
Consensus Analyst Views on Value
Ticker
Price
(1/8/14)
Shares
O/S
(mm)
Market
Cap
($mm)
NAV/sh(1) Current
P/NAV(1) Target (1) % Return
to Target
Annual
Dividend
Diamond Producers
Dominion Diamonds DDC:T $15.22 85.1 $1,295.7 $23.49 0.7x $20.13 32% (n/a)
Gem GEMD:LN £1.90 138.3 £262.7 £1.69 1.1x £2.08 10% (n/a)
Lucara LUC:T $2.61 378.5 $991.8 $2.20 1.2x $2.69 5% $0.04/sh
Petra PDL:LN £1.975 512.1 £1,006.3 £2.50 0.8x £2.16 9% (n/a)
Diamond Developers
Firestone FDI:LN £0.4025 309.0 £124.4 £0.83 0.5x £0.68 68% (n/a)
Mountain Province MPV:T $5.50 115.2 $633.6 $7.40 0.7x $6.87 25% (n/a)
Stornoway SWY:T $0.68 730.9 $497.0 $1.35 0.5x $1.15 69% (n/a)
Diamond Explorers
Kennady Diamonds KDI:LN $6.05 22.9 $138.3 (n/a) (n/a) (n/a) (n/a) (n/a)
North Arrow Minerals NAR:V $0.75 49.8 $37.3 (n/a) (n/a) (n/a) (n/a) (n/a)
Peregrine Diamonds PGD:T $0.40 143.8 $57.5 (n/a) (n/a) $1.00 150% (n/a)
Shore Gold SGF:T $0.31 224.8 $69.7 (n/a) (n/a) $1.00 223% (n/a)
Notes:
1. Bloomberg Analyst Consensus

5. 5 Comparison of New Diamond Mines
Renard has Best Cost Profile
Project/
Company
Reserves
(Mt)
Reserve
Grade
(cpht)
Reserve
Carats
(Mct)
Diamond
Value
(US$/ct)
Operating
Cost
(US$/t)1
Operating
Margin
(US$/t)1
Cost/
Rev
Production
(Mct/Year)
Renard2
Stornoway
23.8 75 18.0 $190 $50 $94 0.35 1.63
Gahcho Kué3
DeBeers/MPV
35.4 157 55.5 $118 $67 $109 0.38 4.45
Liqhobong4
Firestone
37.2 31 11.6 $107 $14 $28 0.41 1.15
Bunder5
Rio Tinto
53.7 64 34.2 $50 $20 $18 0.53 2.50
Ghaghoo6
Gem
7.5 28 2.1 $267 $41 $33 0.55 0.60
Notes:
1. Based on US$ Conversion at C$0.92.
2. Source: January 2013 Optimization Study and October 2013 LNG Feasibility Study. Utilizing March 2014 Base Case Modeled Diamond Prices, Un-escalated.
3. Source: May 2014 Feasibility Study. Utilizing April 2014 Base Case Modeled Diamond Prices, Un-escalated.
4. Source: Nov 2013 Updated DFS. November 2013 Base Case Modeled Diamond Prices, Un-escalated.
5. Source: SWY Estimates
6. Source: March 2011 technical report. Utilizing Jan 2014 reserve carat values, Un-escalated.

6. 6 Stornoway will be a Significant Diamond Producer
Current and Future Diamond Producers
Source: Kimberly process and Company Reports
2013 World Diamond Production Data/
Forecast Future Production
1 De Beers (Anglo/Botswana) $6,404m
2 Alrosa (Russia) $4,801m
3 Dominion Diamond (TSX: DDC) $934m
4 Rio Tinto (ASE: RIO) $859m
5 Petra (note 1; L: PDL) $432m
6 Stornoway (note 2; TSX: SWY) $310m
7 Mountain Province (note 3; TSX: MPV) $258m
8 Gem (L: GEMD) $213m
9 Lucara (note 4; TSX: LUC) $181m
10 Firestone (note 5; L: FDI) $123m
11 Others $3,076m
Total $17,592m
DeBeers
36%
Alrosa
27% Dominion
6%
RioTinto
5%
Petra
2%
SWY
2%
MPV
2%
GEM
1%
LUC
1%
Firestone
1%
Others
18%
Notes:
1. Petra 12 month results for period ending December 31, 2013
2. Renard estimated at FS average annual diamond production of 1.63 million carats, and WWW March 2014 weighted diamond price of US$190/ct, un-escalated
3. Gahcho Kué estimated at 49% of Revised FS average annual production of 4.45 million carats, and average modeled diamond price of US$118/ct, un-escalated
4. Lucara 12 month results for the period ending December 31, 2013
5. Firestone estimated at FS average annual production of 1.15 million carats at an average price of US$107/ct un-escalated

7. 77
The Renard Diamond Project

8. 8
Lynx
R10
N
R7
R1
R65
R2
R8
Kimberlite Bodies with
Measured and Indicated
Resources
Hibou
R4
R9
R3
Kimberlite Bodies with
Resource Potential
Eleonore
Western Troy Eastmain Mine
Wemindji
Legend
Stornoway Properties
Hydro-Québec Facility
Renard Kimberlites
Kimberlitic Dyke
Regional Kimberlites
Laforge 1
Hydro-Québec
Powerlines
Route 167 Extension/
Renard Mine Road
Road
Exploration/ Mining
Projects
LEGEND:
0 1 2
Kilometers
60 0 60 120
Kilometers
Renard
LG2 LG3
LG4
Laforge 2
Brisay
Foxtrot Property
Strateco
Troilus Mine
Temiscamie
Mistissini
Chibougamau
Matagami
Renard Kimberlite Bodies
Kimberlite Bodies with
Inferred Resources

9. 9
The Renard Diamond Project
A Large, High Value Diamond Resource with a Very Long Mine Life Potential
Exploration Target Low Range
The Vision: Deposit still
Open
Permitting and Long
Term Business Plan
The Feasibility: 11
years of mining
Millions
of Tonnes
140
120
100
80
60
40
20
0
Exploration Target High Range
Inferred Resource
Probable Reserve
0m
100m
200m
300m
400m
500m
600m
700m
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 Exploration Target
Grades illustrated are for Indicated and Inferred Mineral Resources respectively at a +1DTC sieve
size cut-off. 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 Exploration Target
(previously referred to as a “Potential Mineral Deposit”) is conceptual in nature, and it is uncertain if
further exploration will result in the target being delineated as a mineral resource.

10. Renard Mine Plan and Key Operating Assumptions
A Combined Open Pit and Underground Operation
0m
100m
200m
300m
400m
500m
600m
700m
Notes
1. Key Assumptions:C$1=US$1, Oil US$95/barrel, 2.5% real terms diamond price growth,
82.9% ore recovery, 23.8% mining and internal dilution, 0cpht dilution grade.
2. Expressed in May 2011 terms. Average price US$190/carat in March 2014 terms.
3. Expressed in October 2012 terms, as adjusted in October 2013 LNG FS. Includes
C$754m of costs and contingencies and C$57m of escalation allowance.
4. Expressed in October 2012 terms. Operating costs C$54/tonne in October 2013 LNG
FS terms. Excludes capitalized preproduction costs.
5. Before stream
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 Exploration Target is
conceptual in nature, and it is uncertain if further exploration will result in the target being
delineated as a mineral resource.
Reserve Based Mine Plan1
(Jan 2013 FS Optimization and October 2013 LNG
Option FS)
Mine Life 11 years
Mineral Reserve 17.9 mcarats
Ave. Diamond Price2 $180/carat
Production Rate 2.2 mtonnes/yr
Ave. Diamond Production 1.6 mcarats/yr
Gross Revenue (C$M)2 $4,268
Initial Capital Costs3 $811m
Operating Cost4 $58/t ($76/carat)
Operating Margin5 67%
Payback 4.8 years
Resource Based Mine Plan
(Basis of December 2012 ESIA and Mine Permitting. Not
public disclosure consistent with NI 43-101)
Includes the mining of 2.3mcarats of Indicated
Resources within a Renard 65 open pit,
additional Inferred Resources in Renard 2, 3, 4
and 9, and an increased annual processing
capacity up to 2.5mtonnes/yr.
Increased project valuation and mine life.
Renard 65
Renard 2 Renard 3
Renard 4
Renard 9

11. 11
Waste Rock
Processed
Kimberlite
Containment (PKC)
Overburde
n
Stockpile
R2-R3
Ore Stockpile
General Project Arrangement
R65
Plant
Camp
Road from Chibougamau

12. 12
Project Execution
Accommodation Complex
Process and Power Plants
Access Infrastructure in Place
Renard Mine Road open to traffic since August 30th
2013. Aerodrome open since November 5th 2013.
Owner’s Team and EPCM in Place
Montreal based owner’s team for planning, engineering,
environment, stakeholder relations and cost
management. EPCM with SNC-Lavalin, DRA & AMEC.
Favourable Construction Environment
Competitive cost environment and good
contractor/labour availability currently in Québec.
LNG Power
LNG power option utilizes all-season access road and
existing commercial LNG distribution network in
Québec.
Schedule
Construction Start-up July 2014; Plant Commissioning
2H 2016; Commercial Production Q2 2017.

13. 13 Site Progress
August 2014
Civil Airstrip July 2014 Works at Accommodation Complex
Nov 2013
Ground Breaking Ceremony July 10 2014 Project Site July 30 2014
R65 Pit
Construction
Camp

14. 14 The Route 167 Extension and the Renard Mine Road
The Only Canadian Diamond Mine with an All-Season Access Road
Km240
Km195
Km143
50 km
Legend
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
Renard
WesternTroy
Eastmain
Abitex
Strateco
Lac
Km 0
Mistassini
Mistissini
Lac
Naococane
Lac Hecla
Lac
Albanel
Km82
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

15. 15
Views of the Road
KM 237
Eastmain River Bridge KM 184
KM 155

16. 16 Permitting and Social Acceptability
Strong Regulatory and Public Support for Québec’s First Diamond Mine
Social Licence
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.
Permitting
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 with
Construction are in Place.

17. 1177
Upside

18. 18
Ongoing Resource Expansion
$10m Drill Program for 2014 Announced on Jan 22nd 2014
490 m
asl
-275 m
asl
0 m
790 m
Legend
Renard 2 Renard 3 Renard 4 Renard 65 Renard 9
Indicated Resource
Inferred Resource
Inferred Resource of R2 CRB
Low TFFE
High TFFE
1
1. Conversion of Renard 65 Inferred Resources to Indicated to 150m
depth (July 2013: Completed)
2. Addition of Renard 2 Country Rock Breccia to both Indicated and
Inferred Resources (July 2013: Completed)
3. 6.2 Mcarats in 5.23 Mtonnes (at 119 cpht) in Renard 2 Inferred
Resources between 610m and 700m depth: 4.2 to 7.3 Mcarats
TFFE between 700m and 770m depth. Open below 770m. (2014
Drill Program)
2
3

19. 19 Renard’s Diamonds
Large Diamond Potential Not Included in Base Case Diamond Valuation Models
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
Three Renard 65
diamonds: 9.78 ct and
6.41 ct diamonds
recovered from bulk
sampling and a 4 carat
stone discovered in
drillcore in 2003
Base Case Diamond Valuation
Estimates Using on Best
Practice Methodology
Average diamond price estimate in
March 2014 for the Mineral Reserves
at US$190/ct (un-escalated)
compared to US$180/ct in the January
2013 Optimization Study.
High Quality Production with
Large Stone Potential
The Renard kimberlites have similar,
but marginally different diamond
populations exhibiting a high
incidence of large white gems.
Coarse Size Distribution in Renard 2
predicts three to six 50-100ct stones
and one to two +100ct stones every
100,000 carats (two weeks).
Substantial revenue potential from
large diamonds not accounted for in
the base case cash-flow model.

20. 20
Notable Exploration Properties and Joint Ventures
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 Exploration Target is conceptual in
nature, and it is uncertain if further exploration will result in the target being
delineated as a mineral resource.
Aviat (90%)
Renard (100%)
Qilalugaq (100%)
Pikoo (20%)
Aviat – 90% SWY, 10% Hunter Exploration Group
Kimberlite sheet and blow system on 197k Ha property located on
Melville Peninsula in eastern Nunavut.
TFFE estimated at 12.4 to 16.0mtonnes of kimberlite containing
24.1mcarats to 40.3mcarats.
Pikoo – 80% North Arrow (NAR-V), 20% SWY
2 New Kimberlites discovered in 2013 on 33k Ha property in east
central Saskatchewan.
209kg sample of PK150 kimberlite returned 745 diamonds larger
than 0.106mm
Till sampling underway during summer 2014 under an 80/20 JV
with North Arrow, pursuant to 2012 Option Agreement.
Qilalugaq – 100% SWY (Subject to NAR Option)
8 Kimberlites on 7k Ha property in eastern Nunavut.
Q1-4 pipe has an Inferred Resource of 48.8mtonnes with total
diamond content of 26.1mcarats to 205m.
C$3.7m sampling program underway to recover 500 carat parcel
for diamond valuation, pursuant to 2012 Option agreement with
NAR to earn an 80% interest, subject to a one time back in right
of SWY’s to increase its interest to 40%.

21. 2211
Balance Sheet

22. 22
Renard is Fully Financed
On July 8th 2014 Stornoway Closed the Single Largest
Project Financing Transaction for a Publicly Listed
Diamond Company
Highlights of the Transaction:
One-shot financing of all project costs, contingencies,
working capital requirements and financing costs.
Fully funds the project through to production.
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

23. 23
Transaction Structure
Type
Amount
(% of Total)
Description
Common Equity C$374M (40%)
• C$132M marketed public equity offering of subscription receipts
• C$242M 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$81M (9%)
• Provided by Orion; 7 year, 6.25% coupon, 35% conversion premium to equity issue
price
Senior Debt C$120M (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$946M (100%)
Counter-Party
Amount
(% of Total)
Orion Mine Finance C$367M (39%)
Investissement Québec/
Ressources Québec
C$240M (25%)
Caisse de dépôt et
placement du Québec
C$105M (11%)
Caterpillar Financial C$39M (4%)
Public C$195M (21%)
Total C$946M (100%)
Assumes US$1.00 = C$1.10
1. Includes reimbursement of marketing expenses
C$77M
C$67M
C$811M
C$946M
C$70M
Financing Funding Requirements
New
Financing
Existing
Financing
C$48M COF &
C$27M Working
Capital
Financing
Costs &
Interest During
Construction
Initial Capex &
Escalation
Allowance
Renard Mine
Road

24. 24 World’s First Diamond Streaming Agreement
Why a Stream?
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.
Project Cash Operating Margin (Reserve Case, Nominal Terms)
67.2%
2013 Optimization
Study1
`
-6.6% +2.6%
20% Stream
+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

25. 25
Post-Financing Balance Sheet and Capital Structure
Shareholding
Share Price (TSX-SWY):
August 1, 2014
C$ $0.68
52 week High-Low C$ $0.49–$1.22
Average Daily Volume:
2014 YTD
565,144
Market Capitalization: C$ 497 million
Total Shares Outstanding: 731 million
Total Options & Warrants Outstanding:
(24.9m Options $0.40-$2.39; 123.8m
warrants $0.95-$1.21)
149 million
Consolidated Cash1:
(as of July 8, 2014)
C$ 462 million
Consolidated Debt1:
(as of July 8, 2014)
C$ 173 million
Undrawn Financing Commitments1:
(Subject to Financing Agreement CPs)
C$ 462 million
Balance Sheet
Notes
1. Unaudited, and assuming a C$:US$ conversion rate of C$1.10
Basic Diluted
Investissement Québec 28.7% 22.5%
Orion Mine Finance 24.8% 22.0%
CDPQ 6.1% 6.3%
Float 40.4% 49.2%
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
$1.40
$1.20
$1.00
$0.80
$0.60
$0.40
$0.20
$0.00
31-Dec-11
29-Feb-12
30-Apr-12
30-Jun-12
31-Aug-12
31-Oct-12
31-Dec-12
28-Feb-13
30-Apr-13
30-Jun-13
31-Aug-13
31-Oct-13
31-Dec-13
28-Feb-14
30-Apr-14
30-Jun-14
Volume (000s)
Price

26. 26
Renard’s Cash Flow Potential
Renard is Expected to Generate Substantial Cash Flow
over its first 11 years of Mining
After Tax, After Stream Operating Cash Flow of between
$150 and $250 million, or $0.20 to $0.30 per share
Assumptions
Mineral reserve case only
Capital and operating cost parameters as established in the January 2013 Optimization Study
and October 2013 LNG FS
Base case diamond pricing from March 2014; No “special” diamonds.
2.5% annual real diamond price escalation
C$:US$ conversion rate of C$1.10
Based on terms of Financing Transaction closed on July 8th 2014
Assumes full conversion to equity of US$81million of Convertible
Debentures giving 825 million shares outstanding.

27. 27
Stornoway Diamond Corporation TSX:SWY
100% Ownership in the Renard Diamond
Project, One of the World’s Few New
Diamond Projects Under Development
Fully Permitted and Fully Financed
Québec: World Leading Mining Jurisdiction
Top Tier Profitability Profile
Now, In Construction to Build Canada’s
Next Diamond Mine
First Production 2H 2016

28. 2288
Appendix

29. 29
NI 43-101 Probable Mineral Reserves
January 28th 2013
Probable Mineral Reserve
Mining Recovery Factors Utilized in the Reserve
Calculation
Kimberlite
Grade
(cpht)
Tonnes
(millions)
Contained
Carats
(Millions)
Internal
Dilution
Mining
Recovery
Mining
Dilution
Renard 2 OP 95 1.31 1.24 0.0% 96.0% 7.1%
Renard 2 UG 80 17.03 13.62 7.0% 82.4% 20.2%
Renard 3 OP 93 0.72 0.67 0.0% 96.0% 10.5%
Renard 3 UG 84 1.00 0.84 21.1% 85.0% 14.0%
Renard 4 UG 42 3.72 1.58 1.4% 78.2% 14.0%
Total 75 23.79 17.95 5.9% 82.9% 17.9%
R2 ,
83%
R4, 9%
R3, 8%
Revenue
R2 , 77%
R4, 16%
R3, 7%
Tonnage
R2 , 83%
R4, 9%
R3, 8%
Carats
Notes: Reserve categories are compliant with the "CIM Definition Standards on Mineral Resources and Reserves". Totals may not add due to rounding. Grades are estimated at a
+1DTC sieve size cut-off.

30. 30
Renard NI 43-101 Mineral Resources
July 23rd 2013. Changes to Previous January 2011 Mineral Resource in Italics
Kimberlite
Grade
(cpht)
Tonnes
(millions)
Contained Carats
(Millions)
Renard 2 – Total 100 (n/a) 18.58 (n/a 18.66 (n/a)
Renard 2 104 (+1.2%) 17.71 (-0.4%) 18.38 (+1.6%)
Renard 2 CRB-2a 32 (n/a) 0.87 (n/a) 0.28 (n/a)
Renard 3 103 (-2.2%) 1.76 (+0.5%) 1.82 (-1.7%)
Renard 4 60 (+13.1%) 7.25 -- 4.31 (+13.0%)
Renard 65 29 (n/a) 7.87 (na) 2.30 (n/a)
Total Indicated 76.4 (-14.3%) 35.45 (33.1%) 27.09 (+14.0%)
Renard 2 – Total 64 (n/a) 11.77 (n/a) 7.47 (n/a)
Renard 2 119 (+1.2%) 5.23 (+0.4%) 6.23 (+1.6%)
Renard 2 CRB 19 (n/a) 6.54 (n/a) 1.24 (n/a)
Renard 3 112 (-4.5%) 0.54 (+0.2%) 0.61 (-4.2%)
Renard 4 50 (+13.7%) 4.75 (-0.1%) 2.37 (+13.7%)
Renard 9 53 (+13.2%) 5.70 (+0.1%) 3.04 (+13.2%)
Renard 65 24 (-16.8%) 4.93 (-61.9%) 1.18 (-68.3%)
Lynx Dyke 107 -- 1.80 -- 1.92 --
Hibou Dyke 144 -- 0.18 -- 0.26 --
Total Inferred 56.8 (+1.2%) 29.67 (-4.6%) 16.85 (-3.5%)
Notes: 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. Indicated Mineral resources are Inclusive of the Mineral Reserve. Totals may not add due to rounding. Grades are estimated at a +1DTC sieve size
cut-off.

31. 31
Target for Further Exploration
July 23rd 2013. Changes to Previous January 2011 Estimates in Italics
Notes: The potential quantity and grade of any exploration target (previously referred to as “potential mineral deposit”) is conceptual in nature, and it is uncertain if further exploration
will result in the target being delineated as a mineral resource. The exploration upside for the Renard kimberlite pipes has been determined by projecting reasonable kimberlite
volumes from the base of the inferred Resource to a depth of 700m below surface. In the case of the Lynx and Hibou dykes, the exploration upside was established on the basis of
known drill intersections of kimberlite for which insufficient diamond sampling exists to adequately estimate a diamond resource grade.
Kimberlite
Grade
(cpht)
Tonnes
(millions)
Contained Carats
(Millions)
Renard 2 104 to 158 4.0 to 4.6 4.2 to 7.3
Renard 3 105 to 168 0.8 to 1.7 0.8 to 2.8
Renard 4 50 to 77 11.1 to 15.4 5.6 to 11.8
Renard 9 52 to 68 3.9 to 6.3 2.0 to 4.3
Renard 65 25 to 33 29.0 to 40.9 7.3 to 13.5
Lynx Dyke 96 to 120 3.1 to 3.2 3.0 to 3.8
Hibou Dyke 104 to 151 2.7 to 2.9 2.9 to 4.3
Total Exploration
54.6
74.9
25.7
to
to
Upside
(-0.8%)
(-0.8%)
(+9.1%)
47.8
(-1.4%)

32. 32
Chronology of Renard Studies
Feasibility Study
Released on November 16th 2011. NI 43-101 Technical Report filed December 29 2011.
11 Year Mine Plan based on 18 Mcarat Mineral Reserve derived from January 2011 NI 43-101 Resource.
Long Term Business Plan
Companion study to the Feasibility Study with an extended mine plan incorporating the project`s 17.5 million carats of
Inferred Mineral Resources.
Basis of overall mine design and project permitting. Not part of the project`s public disclosure, consistent with Canadian
reporting standards
Optimization Study
Released on January 28th, 2013. NI 43-101 Technical Report filed March 2013.
Refined of Feasibility mine design, including shaft deferral and a modified underground mining sequence.
11 Year Mine Plan based on 17.9 million carat Mineral Reserve.
Resource Update
Released July 2013. NI 43-101 Resource update with 14% increase in Indicated Resource contained carats
LNG Feasibility Study
Released October 2013. Modified project Cap-ex and Op-ex for LNG powered gensets

33. 33 January 2013 Optimization Study
Project Assumptions, Valuation and Pay-Back in the January 2013 FS Optimization Study
Key Assumptions in the Financial Model1
Mining
Parameters
Reserve Carats (M) 17.9
Tonnes Processed (M) 23.8
Recovered Grade (cpht) 75
Average Ore Recovery (%) 82.9%
Average Mining Dilution (%) 17.9%
Dilution Grade (cpht) 0
Processing Rate (Mtonnes/annum) 2.2
Mine Life (years) 11
Cost
Parameters
Initial Cap-ex (C$M)2 $752
LOM Cap-ex (C$M)4 $1,013
Oil Price (US$/barrel)2 $95
LOM Op-ex (C$/tonne)2 $57.63
LOM Op-ex (C$/carat)2 $76.63
Revenue
Parameters
Gross Revenue (C$M)2 $4,268
Marketing Costs 2.7%
DIAQUEM Royalty 2.0%
Cash Operating Margin (C$M)2 $2,693
% Operating Margin 67%
Income Tax, Mining Duties and IBA
Payments (C$M)1 $625
After Tax Net Cash Flow (C$M) $1,084
Diamond
Price
Parameters3
Renard 2 and Renard 3 (US$/carat) $182
Renard 4 (US$/carat) $164
Diamond Price Escalation 2.5%
Exchange rate 1C$=1US$
Schedule
Parameters
Effective Date for NPV Calculation Jan. 1 2013
Construction Mobilization/Early Works Aug. 1 2013
Plant Commissioning Commences Dec. 1 2015
Commercial Production Declared Jun. 1 2016
Valuation Results5 (C$m)
Pre-Tax After Tax
NPV5% $894 $537
NPV7% (Base Case) $683 $391
NPV9% $514 $274
IRR 20.4% 16.3%
Pay-Back (years) 4.69 4.82
Notes
1. Optimization Study, released January 28th 2013.
2. Expressed in October 2012 terms.
3. Expressed in May 2011 terms.
4. Expressed in nominal terms.
5. Expressed in de-escalated nominal terms.

34. 34 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.

35. 35 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

36. 36 Rough Diamond Price Movements
The Diamond Market, January 2010 to Aug 2014
May 2011 Valuation
utilized in the FS
based on the
average of 5
diamantaires c.10%
below the WWW
rough index price
A tracking of the diamond market since the publication of the November 2011 FS and January 2013 Opt.
FS indicates rough diamond prices have generally remained within the bounds of sensitivities contained
within the FS financial model (May 2011 spot prices and a 2.5% real terms annual price escalator).

37. 37 Major Diamond Mines and Development Projects Worldwide
Few Enough Mines to Fit on One Map
Tanzania
• Williamson (Petra Diamonds)
South Africa
• Venetia (De Beers)
• Finsch, Premier (Petra Diamonds)
• Lace (DiamondCorp)
Russia
• Arkhangelsk District (Alrosa)
• Yakutia District (Alrosa)
• Grib (LUKOIL)
India
• Bunder (Rio Tinto)
Australia
• Argyle (Rio Tinto)
• Ellendale (Gem Diamonds)
Canada
• Ekati (BHPB)
• Diavik (Rio Tinto/Harry Winston)
• Victor, Snap Lake, Gahcho Kué (De Beers)
• Renard (Stornoway)
• Star (Shore Gold/Newmont)
• Chidliak (Peregrine)
Sierra Leone
• Koidu, (Steinmetz Group)
Democratic Republic of Congo
• Mbuyi-Mayi
Botswana
• Jwaneng, Orapa (De Beers)
• Ghaghoo (Gem Diamonds)
• Karowe (Lucara Diamonds)
Angola
• Catoca (Alrosa)
Lesotho
• Letseng (Gem Diamonds)
• Kao (Namakwa Diamonds)
• Liqhobong (Firestone)
• Mothae (Lucara)

38. 38
Future Rough Diamond Supply
Almost all rough diamond production forecasts show flat or declining production long term. De Beers see
production peaking in 2017, and broad reserve depletion thereafter.
Rough production is not expected to reach 2008 levels in carat terms again.
No large scale diamond mine has been discovered since the discovery of EKATI and Diavik in the early
1990s. The movement to underground mining in Russia, South Africa and Canada will lower overall industry
margins.
De Beers Production Forecast Rio Tinto Production Forecast
180
160
140
120
100
80
60
40
20
0
Produciton / Supply Mct
Production and Supply Forecast (Rio Tinto)
Alluvial
U/G
Open Cut
3x increase in
U/G carats
Higher cost

39. 39 The Diamond Pipeline
An Industry with Many Intermediaries
Source: Tacy
D.I.B. 2014
Mine Production Rough Trading and Diamond Polishing Diamond Jewelery
Production
Cost
Production
Value
Mine Sales to
Industry
Rough Sales
To Cutting
Centres
Value of
Polished
Produced
Value of
Diamonds in
Retail
Jewelery
Sales
Retail Sales
Of Diamond
Jewelery
Value in US$B
terms of each
stage of the
diamond
pipeline
$7.0B
$15.1B $15.3B $15.6B
$21.6B
$22.6B
$74.5B
Estimated
Average Margins
after Costs (%)
Rough Mining: 0 to 50% Rough Dealing: 0 to 10%
Polishing:
-10 to 15%
Jewelery
Manufac: -10
to 10%
Jewelery
Retail: 20
to 50%

40. 40
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
9.2% between October 2003 and Aug 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)
2.0%
CAGR
(2012-2023)
5.1%

41. 41
Stornoway’s Board and Management Team
Non-Executive Directors
Yves Harvey
Independent
Hume Kyle
Independent
Zara Boldt
CFO and VP
Finance
Executive Officers
Pat Godin
COO & Director
Matt Manson
President, CEO
& Director
John LeBoutillier
Independent/
IQ Designate
Monique Mercier
Independent/
IQ Designate
Peter Nixon
Independent
Ebe Scherkus
Independent/
Board Chairman
Key Managers
Head Office: Longueuil, Québec
Exploration Office: North Vancouver, BC
Community Offices: Mistissini & Chibougamau Québec
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
Guy Bourque
Chief Mining
Engineer
Douglas Silver
Orion Designate
Michel Blouin
Independent/
IQ Designate
Ian Holl
VP Processing
Helene
Robitaille
Director, HR
Mario
Courchesne
Construct. Manager
Jean-Charles
Dumont
Corporate Controller
Freddie
Mianscum
IBA Implem. Officer

42. 42
Biographies
Pat Godin
COO & Director
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

43. 43
Stornoway Diamond Corporation TSX:SWY
Head Office:
1111 Rue St. Charles Ouest,
Longueuil, Québec J4K 4G4
Tel: +1 (450) 616-5555
IR Contact:
Orin Baranowsky, CFA, Director IR
obaranowsky@stornowaydiamonds.com
Tel: +1 (416) 304-1026 x103
www.stornowaydiamonds.com
Info@stornowaydiamonds.com