Stornoway Diamond Corporation update presentation for investors.

1. BUILDING QUÉBEC’S FIRST DIAMOND MINE
Update December 3rd, 2013
Matt Manson
Orin Baranowsky
President, CEO & Director
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 “forwardlooking 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) 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 Project’s value; and (vii) 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 December 29th, 2011 in respect of the November 2011 Feasibility Study for the Renard Diamond
Project, the technical report dated February 28th, 2013 in respect of the January 2013 Optimization Study, and the press release dated July 23rd 2013 in
respect of the July 2013 Mineral Resource estimate for further details and assumptions relating to the project. These technical reports and this press
release list the names of the Qualified Persons in respect of these studies.

3. 3
Stornoway Diamond Corporation TSX:SWY
100% Ownership in Renard, Québec’s First
Diamond Mine
One of the World’s Few New Diamond
Projects Under Development
Strong Base Case Economics; World Class Upside
All-Season Access Road Opened Ahead of Schedule
and Under Budget
Mining Lease and Certificates of Authorization Issued
Strong Public Support in Québec; IBA in Place
Excellent Diamond Supply & Demand Fundamentals
Focused on the Timely Completion of
Final Project Financing

4. 4
Stornoway’s Board and Management Team
Executive Officers
Head Office: Longueuil, Québec
Exploration Office: North Vancouver, BC
Matt Manson
President, CEO
& Director
Pat Godin
COO & Director
Community Offices: Mistissini & Chibougamau Québec
Zara Boldt
CFO and VP
Finance
Non-Executive Directors
Ebe Scherkus
Independent/
Board Chairman
Michel Blouin
Independent/
IQ Designate
Yves Harvey
Independent
Hume Kyle
Independent
John LeBoutillier
Independent/
IQ Designate
Monique Mercier
Independent/
IQ Designate
Peter Nixon
Independent
Serge Vézina
Independent
Key Managers
Ghislain
Poirier
VP Public Affairs
Yves Perron
VP Engineering
& Construction
Robin
Hopkins
VP Exploration
Martin Boucher
Brian Glover
Guy Bourque
VP Sustainable
Development
VP Asset
Protection
Chief Mining
Engineer
Helene
Robitaille
Mario
Courchesne
Orin
Baranowsky
Jean-Charles
Dumont
Freddie
Mianscum
Director, HR
Construct. Manager
Director, IR
Corporate Controller
IBA Implem. Officer

5. 5
Stornoway’s Platform for Project Development and Financing
BALANCE SHEET*
Market Capitalization: Update
(based on voting and non-voting shares)
C$
163 million
(Basic and Non-voting convertible shares)
Total Options & Warrants Outstanding:
Consolidated Debt:
($100m Standby Facility with IQ undrawn)
MAJOR SHAREHOLDINGS*
IQ**
(common shares)
(non-voting convertible shares)
Agnico-Eagle
Ed Sterck
November 13th 2013
34 million
(9m Options $0.40-$2.40; 25m warrants $1.20)
(as of July 31, 2013)
12 MONTH ANALYST TARGETS
BMO
Total Shares Outstanding:
Consolidated Cash:
139 million
C$
C$
RBC
na
Buy
$2.10
OutperformSpeculative Risk
$1.20
Speculative Buy
$1.70
Buy
$2.00
OutperformSpeculative Risk
$2.00
Laurentian
25 million
Market Perform
39 million
Eric Lemieux
November 13th 2013
Des Kilalea,
November 13th 2013
Desjardins
Basic
Fully
Diluted
John Hughes
October 21st 2013
Paradigm
25.0%
35.4%
David Davidson
June 26th 2013
10.5%
9.0%
National Bank
Caisse de dépôt et placement du
Québec
8.1%
(est)
7.0%
(est)
Float
56.4%
Paolo Lostritto
December 11th 2012
48.6%
Notes: Debt Facility: In December 2010, Stornoway announced a $100 million Credit Support Agreement with a subsidiary of Société générale de financement du Québec, now Investissment
Québec, with respect to future project debt financing. The Credit Support Agreement has an annual commitment fee of 175 bps undrawn, and will take the form of a direct project loan ranking
pari passu with concurrent senior lenders or, as appropriate, on a stand alone basis on terms no less favourable than prevailing commercially reasonable market terms.
*Based on market close of $0.85 on November 15th 2013 and not including the issue of flow through shares announced on November 13 th 2013.
**IQ: Investissement Québec, the Québec government's industrial and financial holding company whose mission is to foster the growth of investment in Québec, thereby contributing to
economic development and job creation in every region

6. 6
Towards Québec’s First Diamond Mine

7. 7
Renard Kimberlite Bodies
0
1
2
Kilometers
N
60
0
60
120
Kilometers
Laforge 2
Laforge 1
R10
LG2
R7
Hibou
LG3
Foxtrot Property
R1
Wemindji
Eleonore
R65
R4
Renard
Western Troy
Eastmain Mine
Strateco
R8
R9
R2
Brisay
LG4
Troilus Mine
R3
Temiscamie
Mistissini
Lynx
Matagami
Kimberlite Bodies with
Probable Reserves
Kimberlite Bodies with
Inferred Resources
Kimberlite Bodies with
Resource Potential
LEGEND:
Chibougamau
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

8. 8
Key Project Parameters
Reserve Based Mine Plan
(Feasibility Study Nov. 2011, Optimization Jan. 2013)
Mine Life
Mineral Reserve
Initial Cap-ex
Operating Cost
Operating Margin
Operating Cash Flow
Average Diamond Price
Average Diamond Production
After Tax NPV (7%; Jan 1 2013)
After Tax IRR
Production Startup
Renard 65
29/24cpht
0m
11 years
17.9 mcarats
100m
$752m
Renard 3
103/112cpht
200m
$58/t ($76/carat)
67%
$2.7B
300m
400m
$180/carat
1.6 mcarats/yr
$391m
16.3%
December 2015
*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.
Long Term Plan
(Basis of Mine Permitting)
Includes the mining of the 17mcarat Inferred
Resources within the scope of the Feasibility Study
mine infrastructure: Extended mine life, increased
annual production, increased project valuation
500m
600m
700m
Renard 4
60/50cpht
Renard 9
53cpht
Renard 2
104/119cpht
27 mcarat Indicated Mineral Resource
17 mcarat Inferred Mineral Resource
26-48 mcarat Exploration Upside
Notes: 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.

9. 9
What has Changed Since the January 2013 Optimization Study?
14% Increase in Indicated Resources
Renard 65
29/24cpht
0m
An additional 2.3Mcarats at Renard 65 (7.87
Mtonnes at 29cpht) amenable to open pit mining to
150m depth (July 2013).
Renard 3
103/112cpht
100m
200m
Updated Diamond Price Estimates
Revised estimates based on individual diamond
price models: US$190/ct for Renard 2; US$180/ct for
Renard 65 (March 2013).
Op-ex Reduced 7% with LNG Option
Incremental cap-ex increase of $2.6 million for
annual op-ex reduction of $8 to $10m using LNG for
power generation (October 2013).
New Québec Tax Regime Absorbed
New Québec system of mining taxation and
royalties: graduated approach based on project
profitability (May 2013).
Removal of uncertainty on tax environment for
project development.
300m
400m
500m
600m
700m
Renard 4
60/50cpht
Renard 9
53cpht
Renard 2
104/119cpht
27 mcarat Indicated Mineral Resource
17 mcarat Inferred Mineral Resource
26-48 mcarat Exploration Upside

10. Renard’s Resource Upside
10
A Project with a Long Resource Tail and Very Long Mine Life Potential
0m
Renard 65
29/24cpht
Millions
Renard 3 of Tonnes
103/112cpht
140
Exploration Target High Range
Exploration Target Low Range
100m
Inferred Resource
120
200m
Probable Reserve
300m
100
400m
80
500m
The Vision: Deposit still
Open
600m
60
700m
40
Renard 4
60/50cpht
Renard 9
53cpht
Renard 2
104/119cpht
The resource upside at depth at Renard is world class.
Although highly accretive, the project’s Inferred Mineral
Resources are not included in the Feasibility Study
economic analysis in accordance with NI 43-101.
20
Permitting and Long
Term Business Plan
The Feasibility: 11
years of mining
0
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 Exploration Target is conceptual in nature, and it is uncertain if
further exploration will result in the target being delineated as a mineral resource.

11. 11
Mineral Resource Continuing to Grow
July 2013: 14% Increase in Indicated Mineral Resources
Renard 65
Renard 3
Stornoway recently completed a successful 5,000
tonne bulk sample at Renard 65 in July 2012.
The Renard 65 bulk sample returned the highest value
diamonds to date at the Renard Project. Diamond
recovery of 963 carats with a March 2013 valuation of
US$250/ct, giving a base model of US$180/ct
(sensitivities of $203 & $169).
July 2013: Conversion of Inferred Mineral Resources to
a depth of 150m to an Indicated Mineral Resource of
2.30 Mcarats (comprising 7.87 Mtonnes at 29cpht)
Upon conversion to a Mineral Reserve, this material
may be incorporated into the mine plan in two ways:
1. add 1 year to the LOM and increase the
production rate to 2.5Mt/a or
2. add 3 years to the LOM as a reserve tail at a
production rate of 2.1Mt/a
The cost of developing a 75m deep pit at Renard 65 is
already contained within the Feasibility 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 Exploration Target is conceptual in nature, and it is uncertain if
further exploration will result in the target being delineated as a mineral resource.
Renard 4
Renard 9
Renard 2
Three Renard 65 diamonds: 9.78 ct and 6.41 ct
diamonds recovered from the 2012 bulk
sample and a 4 carat stone discovered in
drillcore in 2003

12. 12
Resource Expansion
Targets for Resource Expansion in 2013 and Beyond
Renard 3
Renard 2
490 m
asl
Renard 4
Renard 65
Renard 9
0 m
1
2
3
790 m
-275 m
asl
Legend
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. (Target
for 2014 Drilling)
Indicated Resource
Inferred Resource
Inferred Resource of R2 CRB
Low TFFE
High TFFE

13. 13
Mine Plan
A Combined Open Pit and Underground Mine
Renard 65
Open Pit Mining
(years 1-2).
Underground Mining
(years 3-11).
Underground method: Blast Hole
Shrinkage, Panel Retreat with waste
backfill from pits.
Renard 3
Ramp access 610 meter level.
6,000 tpd plant capacity (2.2Mtonnes/year)
expandable to 7,000 tpd (2.5Mtonnes/year).
Renard 4
Pit at Renard 65 (initially) as a borrow-pit
and waste water sump, pending resource
conversion.
Renard 2
View looking Northeast
Renard 2
Renard 3

14. 14
General Project Arrangement
Small Project Footprint of 3.1km2, Modest Environmental Impact
Processed Kimberlite
Containment (PKC)
R65
Waste Rock
R2-R3
Plant
Ore Stockpile
Camp
Road from Chibougamau
Overburden
Stockpile

15. 15
Mine Plan Production Schedule and Cash Flow
(Mineral Reserves Only)
Open Pit & Underground Mining
Ore Tonnage (t)
2,500,000
2,000,000
1,500,000
1,000,000
500,000
R2 Pit
R3 Pit
R2 UG
Diamond Production
2027
R4 UG
Gross Revenue (Real Terms)
500,000
Revenue (k C$)
600,000
2,000,000
2026
2025
R3 UG
2,500,000
1,500,000
1,000,000
500,000
400,000
300,000
200,000
100,000
-
R2
R3
R4
R2
R3
R4
2027
2026
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2027
2026
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
Diamonds (carats)
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
-

16. 16
Stornoway will be a Significant Diamond Producer
Current and Future Diamond Producers
2012 World Diamond Production Data/
Forecast Future Production
1
De Beers (Anglo/Botswana)
$6,074m
2
Alrosa (Russia)
$4,497m
3
BHPB/Dominion Diamond (TSX: DDC)
$894m
4
Rio Tinto (ASE: RIO)
$741m
5
Petra
$403m
6
Stornoway
7
Mountain Province (note 3; TSX: MPV)
$273m
8
Gem (L: GEMD)
$202m
9
Lucara (note 4; TSX: LUC)
$118m
10
Others
$2,200m
Total
$15,708m
(note 1; L: PDL)
(note 2; TSX: SWY)
Alrosa
28%
BHPB/
Dominion
6%
RioTinto
5%
$306m
DeBeers
39%
Petra
2%
Others
14%
LUC
1%
GEM
1%
SWY
2%
MPV
2%
Notes:
1.
Petra 12 month results for period ending June 30, 2013
2.
Renard estimated at FS average annual diamond production of 1.7 million carats, and WWW April 2011 weighted diamond price of $180/ct, un-escalated
3.
Gahcho Kue estimated at 50% of FS average annual production of 4.5 million carats, and WWW April 2011 weighted diamond price of $121/ct, un-escalated
4.
Karowe estimated as per Lucara FY2013 Operating Guidance.
Source: Kimberly process and Company Reports

17. Renard’s Diamonds
17
Recent Valuation Conducted by WWW International Diamond Consultants Ltd. March 2013
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
• 17 stones recovered to date larger than 5 carats with average price of $3,100/ct. Model prices
assumes $1,920 to $2,240 per carat for 5-10ct stones. Potential c.15% revenue upside.
• Diamonds larger than 10.8ct (“Specials”) estimated at three to six 50-100ct stones and one to two
+100ct stones every 100,000 carats (two weeks). Not accounted for in the revenue model
Size of
Valuation
Sample
WWW March
2013 Sample
Price
(carats)
(US$/carat)1
Renard 2
1,580
$180
Renard 3
2,753
$173
Renard 4
2,674
Renard 65
997
Kimberlite
Body
WWW March
2013 Base
Case Price
Model
Renard 3 Bulk Sample Stones larger
than 2 carats. “Run of Mine”
Sensitivities
(Minimum to High)
(US$/carat)1
$171 to $214
$100
$190
$151
$104 ($150)2
$250
$180
$169 to $203
$141 to $185
$98 to $168
Notes
1.
All prices in US$/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
$150 per carat based on March 2013 pricing.

18. 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.
May 2013: Settlement of future Québec mining tax regime
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 to
Construction are in Place.
18

19. 19
Project Schedule
January 2013 Optimization Study
2011
2H
2013
2012
1H
2H
1H
2H
2014
1H
2H
2016
2015
1H
2H
1H
2H
BFS (Complete)
ESIA (Complete)
Community Hearings (Complete)
Reg. Authorizations (Complete)
Specific Operating Permits (50)
Detailed Engineering
Project Financing
Road Construction
First Vehicle Access
Site Construction
Commissioning and Ramp-up
Commercial Production
With first vehicle access achieved on the Renard Mine Road, the timely completion
of mine project financing is the now principal driver on project schedule

20. 20
The Route 167 Extension and the Renard Mine Road
A Canadian Diamond Project with Road Access Opened Ahead of Schedule
Construction of an all-season access road connecting
Renard to the Québec Highway network began in
February 2012.
Renard
Lac
Naococane
Km240
Segments A & B of this road (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”.
Segments C & D
Stornoway
97km of Mine
Road (50km/hr)
Lac Hecla
Km195
Eastmain
To complete this work, Québec provided Stornoway up
to $85m of debt financing, repayable upon commercial
production at Renard.
WesternTroy
Abitex
Km143
Strateco
All 4 segments have been connected. The road is open
to construction traffic 2 months ahead of schedule and
approximately 10% below budget.
Km82
Segments A & B
Min. of Transport
143km of Regional
Highway (70km/hr)
Legend
Lac
Km 0
Mistassini
Lac
Albanel
Renard Project
Explor./Mining Projects
Stornoway Properties
Albanel-TémiscamieOtish Par
Mistissini
Transportation of PreFabricated Temporary Bridge
Spans March 2013
Eastmain Bridge,
March 2013
50 km
Segment A: 0-82km
Segment B: 82-143km
Segment C: 143-195km
Segment D: 195-240km

21. 21
Stages of Road Construction
“Slashing” or Tree Clearing
Preparation of Road
Foundation
Grading
Bridges or Culverts on
Stream Crossings
Construction of Permanent
Bridges
Connection of the Renard
Mine Road September 2013

22. 22
Views of the Road
KM 210
KM 155
KM 237

23. 23
Renard Aerodrome
Renard Project Site
The Renard Aerodrome will be located 8 km south of
the project site.
The airstrip will be certified by 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
Traffic will be 3 to 5 flights per week for 48 workers per
flight.
The Renard Mine Aerodrome will be available for public
use, enhancing air transport in the Monts Otish region
of Québec.
On October 10th Stornoway announced an
agreement with Québec to commence
construction of the Renard Mine Aerodrome
immediately, utilizing the residual amount of
financing available within the Renard Mine
Road credit facility.
Shoulder
Runway
Taxi way
Apron

24. 24
Aerodrome Progress
October 2013
First Landing: November 5th
Tree Cutting Area
Runway
Centerline

25. 25
Site Progress
October 2013
Renard Mine Road
Bulk Sample
DMS Plant
Tree Clearing
R9
R2
R4
Construction Camp
R65
R65 Borrow Pit

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 gensets.
A Hydro-Québec powerline has been ruled
out in the short term due to high cap-ex
cost.
On October 21st 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.
26

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

28. 28
Québec’s First Diamond Mine – Ready to Build
Project Green-lighted: Authorizations Issued
Community Agreements in Place
Stornoway Operating Team in Place
Access Road Opened 2 Months Ahead of
Schedule and Under Budget
LNG Power Plant Results in Meaningful Cost
Savings
Resource Continuing to Grow
Favourable Cost Environment for Project
Construction
Project Debt Facility Well Advanced
(Syndicate announced on September 6th 2012 for a senior
facility of up to $475m BMO, Scotia, NedBank, SocGen, EDC,
Caterpillar, IQ)
Stornoway is Focused on Completing
Project Financing for Construction in 2014
and 2015, with first Production in 2016

29. 29
Appendix 1: NI 43-101 Mineral Reserves and Mineral Resources

30. 30
NI 43-101 Probable Mineral Reserves
Updated January 28th 2013
Mining Recovery Factors Utilized in the Reserve
Calculation
Probable Mineral Reserve
Grade
Tonnes
(cpht)
(millions)
Contained
Carats
Renard 4 UG
95
80
93
84
42
1.31
17.03
0.72
1.00
3.72
Total
75
23.79
Kimberlite
Renard 2 OP
Renard 2 UG
Renard 3 OP
Renard 3 UG
R4, 16%
Tonnage
R4, 9%
R3, 8%
Internal
Dilution
Mining
Recovery
Mining
Dilution
1.24
13.62
0.67
0.84
1.58
0.0%
7.0%
0.0%
21.1%
1.4%
96.0%
82.4%
96.0%
85.0%
78.2%
7.1%
20.2%
10.5%
14.0%
14.0%
17.95
5.9%
82.9%
17.9%
(Millions)
Carats
R4, 9%
R3, 8%
Revenue
R3, 7%
R2 , 77%
R2 , 83%
R2
, 83%
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.

31. 31
Renard NI 43-101 Mineral Resources
Published July 23rd 2013. Changes to January 2011 Mineral Resource in Italics
Grade
Renard 2 – Total
Renard 2
Renard 2 CRB-2a
Renard 3
Renard 4
Renard 65
Tonnes
Contained Carats
(cpht)
Kimberlite
(millions)
(Millions)
100
104
32
103
60
29
(n/a)
18.58
17.71
0.87
1.76
7.25
7.87
(n/a)
(+1.2%)
(n/a)
(-2.2%)
(+13.1%)
(na)
18.66
18.38
0.28
1.82
4.31
2.30
(n/a
(-0.4%)
(n/a)
(+0.5%)
--
(n/a)
(+1.6%)
(n/a)
(-1.7%)
(+13.0%)
(n/a)
Total Indicated
76.4
(-14.3%)
35.45
(33.1%)
27.09
(+14.0%)
Renard 2 – Total
64
(n/a)
10.46
(n/a)
7.47
(n/a)
119
19
112
50
53
24
107
144
(+1.2%)
(+0.4%)
--
6.23
1.24
0.61
2.37
2.69
1.18
1.92
0.26
(+1.6%)
--
5.23
5.23
0.54
4.75
5.70
4.93
1.80
0.18
(+3.7%)
28.36
(-8.9%)
16.50
Renard 2
Renard 2 CRB
Renard 3
Renard 4
Renard 9
Renard 65
Lynx Dyke
Hibou Dyke
Total Inferred
58.2
(n/a)
(-4.5%)
(+13.7%)
(+13.2%)
(-16.8%)
--
(n/a)
(+0.2%)
(-0.1%)
(+0.1%)
(-61.9%)
--
(n/a)
(-4.2%)
(+13.7%)
(+13.2%)
(-68.3%)
---
(-5.4%)
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.

32. 32
Target for Further Exploration
Published July 23rd 2013. Changes to January 2011 Estimates in Italics
Grade
Renard 2
Renard 3
Renard 4
Renard 9
Renard 65
Lynx Dyke
Hibou Dyke
Total Exploration
Upside
104
105
50
52
25
96
104
Tonnes
Contained Carats
(cpht)
Kimberlite
(millions)
(Millions)
to
to
to
to
to
to
to
158
168
77
68
33
120
151
4.0
0.8
11.1
3.9
29.0
3.1
2.7
54.6
(-0.8%)
to
to
to
to
to
to
to
to
4.6
1.7
15.4
6.3
40.9
3.2
2.9
74.9
(-0.8%)
4.2
0.8
5.6
2.0
7.3
3.0
2.9
25.7
(+9.1%)
to
to
to
to
to
to
to
to
7.3
2.8
11.8
4.3
13.5
3.8
4.3
47.8
(-1.4%)
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.

33. 33
Renard Resource Upside
Inferred Resources and TFFE Not in Reserve Case Mine Plan
Renard’s Inferred Resources and
TFFE represent a potential increase
over the current Indicated Resource
of 156% to 237%.
0m
100m
2.7 mcarats
1.2
mcarats
200m
Each kimberlite remains open at
770m depth
300m
2.4
mcarats
0.6 mcarats
1.2
mcarats
400m
500m
0.8 to 2.8
mcarats
6.2
mcarats
600m
700m
Exploration Target
7.3 to 13.5
mcarats
5.6 to 11.8
mcarats
Inferred Resource
2.0 to 4.3
mcarats
4.2 to 7.3
mcarats
Indicated 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 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.

34. 34
Appendix 2: Feasibility Study and Feasibility Optimization

35. 35
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

36. 36
Optimization Study Financial Analysis
Project Assumptions, Valuation and Pay-Back
Key Assumptions in the Financial Model1
Mining
Parameters
Cost
Parameters
Revenue
Parameters
Diamond
Price
Parameters3
Schedule
Parameters
Reserve Carats (M)
Tonnes Processed (M)
Recovered Grade (cpht)
Average Ore Recovery (%)
Average Mining Dilution (%)
Dilution Grade (cpht)
Processing Rate (Mtonnes/annum)
Mine Life (years)
Initial Cap-ex (C$M)2
LOM Cap-ex (C$M)4
Oil Price (US$/barrel)2
LOM Op-ex (C$/tonne)2
LOM Op-ex (C$/carat)2
Gross Revenue (C$M)2
Marketing Costs
DIAQUEM Royalty
Cash Operating Margin (C$M)2
% Operating Margin
Income Tax, Mining Duties and IBA
Payments (C$M)1
After Tax Net Cash Flow (C$M)
Renard 2 and Renard 3 (US$/carat)
Renard 4 (US$/carat)
Diamond Price Escalation
Exchange rate
Effective Date for NPV Calculation
Construction Mobilization/Early Works
Plant Commissioning Commences
Commercial Production Declared
17.9
23.8
75
82.9%
17.9%
0
2.2
11
$752
$1,013
$95
$57.63
$76.63
$4,268
2.7%
2.0%
$2,693
67%
Valuation Results5 (C$m)
Pre-Tax After Tax
NPV5%
$894
$537
NPV7% (Base Case)
$683
$391
NPV9%
$514
$274
20.4%
16.3%
4.69
4.82
IRR
Pay-Back (years)
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 Dde-escalated nominal terms.
$625
$1,084
$182
$164
2.5%
1C$=1US$
Jan. 1 2013
Aug. 1 2013
Dec. 1 2015
Jun. 1 2016

37. 37
Optimization Study Financial Analysis
Capital Costs
Capital Costs1 (C$m)
Site Preparation & General
Mining
$151.2
Mineral processing plant
$175.4
Onsite utilities and infrastructures
$114.8
Owner’s Cost
$94.7
Spares, fills, tools
$7.1
EPCM services
$47.9
Field indirect costs, vendor representatives
$33.9
Construction camp & Catering
$24.5
Direct Costs (C$474m)
$32.7
Freight and duties
$64.7
Plant
37%
Mining
32%
Site Prep.
& General
7%
$5.5
Contingency
Onsite
utilities
and
infrastruc.
24%
Total Initial Capital
$752.1
Escalation Allowance on Initial Capital
$45.1
Pre-Production Revenue
$(25.0)
Deferred & Sustaining Capital2
Indirect Costs (C$278m)
EPCM
17%
Spares
3%
$175.9
Deferred Capital (Route 167 Extension)
Renard Mine
$78.0
Value2
$(13.3)
Total LOM Capital
$1,012.9
Salvage
Notes
1. Optimization Study, released January 28th 2013.
Camp
9%
$0.0
Road2
2.
After Escalation
Field, Ven
dor reps
12%
Owner’s
Cost
34%
Freight
2%
Contin.
23%

38. 38
Optimization Study Financial Analysis
Operating Costs
Open Pit Unit Costs1 $/tonne
Open Pit
21.22
Processing
15.29
G&A2 and Infrastructure
18.27
Total Open Pit3
54.78
Operating Cost (C$1,352m)
G&A, $42
9m, 32%
Underground Unit Costs1 $/tonne
Underground
23.64
Processing
15.29
G&A2 and Infrastructure
18.27
Total Underground3
57.20
Open
Pit, $10m,
1%
Life of Mine Operating Costs1,4 (Real Terms)
Total Operating Cost (C$M)
1,352
Diamond Prod. (Mcarats)
Plant,
$359m, 2
6%
17.6
Production Cost3
57.63 C$/ t
76.63 C$/ ct
Notes:
1. Optimization Study, released January 28th 2013. Costs are
expressed in October 2012 terms. Totals may not add due
to rounding.
2. Unit cost per processed tonnes.
3.
4.
G&A unit costs do not include closure cost
“Life of Mine Operating Costs” exclude diamond production prior to Commercial
Production and exclude pre-production operating costs, which are capitalized.
UG
Mine, $55
5m, 41%

39. 39
Optimization Study Financial Analysis
Carat Production and Revenue
Production Parameters1 (Mcarats)
Diamond Production by Mining Method
Renard 2 Open Pit
1.24
Renard 3 Open Pit
0.67
Total Open Pit
1.91
Renard 2 Underground
13.62
Renard 3 Underground
0.84
Renard 4 Underground
1.58
Total Underground
Total
16.03
17.95
Open Pit
89%
Underground
Diamond Production by Kimberlite Pipe
Revenue Parameters1 (Real Terms)
Total Gross Revenue (C$m)
11%
9%
$4,268
Marketing Costs (%)
2.7%
DIAQUEM Royalty (%)
8%
2.0%
Cash Operating Margin (C$m)
$2,693
% Operating Margin
67%
Taxes and Mining Duties and IBA Payments (C$m)
$625
Cumulative After Tax Cash Flow (C$m)
Notes:
1. Optimization Study, released January 28th 2013.
$1,084
Renard 2
Renard 3
Renard 4
83%

40. 40
Optimization Study Financial Analysis
Project Valuation Sensitivities
30.0%
Pre-Tax
IRR
1,200
Pre-Tax
NPV
25.0%
1,000
20.0%
800
15.0%
600
10.0%
400
5.0%
200
0.0%
0
80%
90%
100%
110%
120%
90%
100%
110%
120%
Operating Cost 24.3%
22.3%
20.3%
18.3%
16.1%
Operating Cost 891,143 789,142 683,499 574,143 461,111
Capital Cost
26.0%
22.9%
20.3%
18.0%
16.0%
Capital Cost
845,695 764,629 683,499 601,269 519,031
Revenue
12.1%
16.4%
20.3%
23.9%
27.2%
Revenue
231,318 457,408 683,499 909,511 1,135,6
After Tax
IRR
80%
After Tax
NPV
30.0%
25.0%
600
500
20.0%
400
15.0%
300
10.0%
200
5.0%
0.0%
700
100
0
90%
100%
110%
120%
Operating Cost 19.6%
18.0%
16.3%
14.6%
12.8%
Operating Cost 526,139 460,174 391,480 320,039 245,911
Capital Cost
18.6%
16.3%
14.4%
12.6%
Capital Cost
506,817 449,806 391,480 331,668 272,020
22.1%
Revenue
99,135 246,431 391,480 535,409 677,695
Revenue
80%
21.2%
9.5%
13.1%
16.3%
19.3%
80%
90%
100%
110%
120%

41. Rough Diamond Price Movements
The Diamond Market, January 2010 to September 2013
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 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).
41

42. 42
Appendix 3: Project Comparables

43. Diamond Industry Cost Curve
Source: Published FY2012 Results, FS Life of Reserve Data and Company Estimates
World Diamond Project Comparables
Cost/Revenue
43

44. 44
Project Comparables
Recent Canadian Diamond Mines Compared as of the Date of each FS
Ekati (1998)
BHPB, As Built
Estimates
Diavik (1999)
Rio-Tinto, As
Built Estimates
Victor (2008)
De Beers, As
Built Estimates
Renard FS
Optimization
Study (2013)
161
133
41
$10B
$6.7B
110
$60
25
360
$50
25
No data
No data
No data
No data
No data
72
102
6
17.9
$6B
$5.5B
$2.4B (est)
$3.2B
109
$84
$92
17
400
$55
$220
19
20
$400
$80
12
75
$180
$136
11
Annual Production (mCarats)
Annual Revenue (US$m)
LOM Op-ex (Cdn$/tonne)
LOM Op-ex (Cdn$/carat)
Canadian-US Dollar
Up to 3.6
$302
$100 to $60
$92 to $55
c.$0.75
Up to 7
$385
$100
$25
$0.67
0.5
$215
No data
No data
c.$1.00
1.7
$306
$58
$76
$1.00
Pre-Production Cap-ex (Cdn$)
$900m
$1.3B
$982m
$752m
Resource Parameters
Resource (m carats)
Resource (US$)
Resource Grade (cpht)
Average Resource Diamond Price
Resource Mine Life
$7.2B
72
$175
n/a
Reserve Parameters
Reserve (carats)
Reserve (dollars)
Reserve Grade (cpht)
Average Reserve Diamond Price
Average Reserve Ore Value (US$)
Reserve Mine Life
Production Parameters
Source: Company Reports and Stornoway Estimates. Excludes resource and diamond price upside from both projects. Excludes diamond price escalators.
Assumes similar diamond recovery and mining dilution parameters.

45. 45
Project Comparables
Recent Canadian Diamond Development Projects Compared as of the Date of each FS
Gahcho Kué FS (2010)
De Beers/Moun. Prov.
Star-Orion FS (2011)
Shore Gold
Renard FS Optimization
Study (2013)
61
43
41
$5.1B
$11B
$7.2B
168
$85 (WWW Apr 10)
$65 (DTC Apr 10)
n/a
12
72
$256 (WWW Feb 11)
$175 (WWW May 11)
n/a
n/a
49
34
17.9
$3.7B
$8.2B
$3.2B
157
$75
$118
11
12
$242
$30
20
75
$180
$136
11
4.5
$338
$49
$31
0.96
$550m
($800m De Beers Dec 11)
1.7
$411
$14
$114
0.945
1.7
$306
$58
$76
1.00
$1.9B
$752m
Resource Parameters
Resource (m carats)
Resource (US$)
Resource Grade (cpht)
Average Resource Diamond Price
Resource Mine Life
Reserve Parameters
Reserve (carats)
Reserve (dollars)
Reserve Grade (cpht)
Average Reserve Diamond Price
Average Reserve Ore Value (US$)
Reserve Mine Life
Production Parameters
Annual Production (mCarats)
Annual Revenue (US$m)
LOM Op-ex (Cdn$/tonne)
LOM Op-ex (Cdn$/carat)
Canadian-US Dollar
Pre-Production Cap-ex (Cdn$)
Source: Company Reports. Excludes resource and diamond price upside from both projects. Excludes diamond price escalators. Assumes similar diamond
recovery and mining dilution parameters.

46. 46
Appendix 4: The Diamond Market

47. Major Diamond Mines and Development Projects Worldwide
Few Enough Mines to Fit on One Map
Canada
•
Ekati (BHPB)
•
Diavik (Rio Tinto/Harry Winston)
Russia
•
Victor, Snap Lake, Gahcho Kue (De Beers)
• Arkhangelsk District (Alrosa)
•
Renard (Stornoway)
• Yakutia District (Alrosa)
•
Star (Shore Gold/Newmont)
• Grib (LUKOIL)
India
• Bundar (Rio Tinto)
Australia
Sierra Leone
• Argyle (Rio Tinto)
•
• Ellendale (Gem Diamonds)
Koidu, (Steinmetz Group)
Democratic Republic of Congo
Tanzania
•
• Williamson (Petra Diamonds)
Mbuyi-Mayi
Angola
•
Catoca (Alrosa)
Lesotho
Botswana
South Africa
• Letseng (Gem Diamonds)
•
Jwaneng, Orapa (De Beers)
• Venetia (De Beers)
• Kao (Namakwa Diamonds)
•
Gope (Gem Diamonds)
• Finsch, Premier (Petra Diamonds)
• Liqhobong (Firestone)
•
AK6 (Lucara Diamonds)
• Lace (DiamondCorp)
• Mothai (Lucara)
47

48. The Rough Diamond Business in Context
1/8th the Size of the Copper Business
Source: USGS, LME, Kimberly Process
48

49. 49
The Diamond Pipeline
An Industry with Many Intermediaries
Mine Production
Rough Trading and Diamond Polishing
Source: Tacy
D.I.B.April 2013
Production
Cost
Value in US$B
terms of each
stage of the
diamond
pipeline
Estimated
Average Margins
after Costs (%)
$6.0B
Production Mine Sales to
Value
Industry
$13.37B
Rough Mining: 0 to 50%
$15.5B
Rough Sales
to Cutting
Centers
$15.2B
Rough Dealing: 0 to 10%
Value of
Polished
Produced
$17.6B
Polishing:
-10 to 15%
Diamond Jewelery
Value of
Diamonds in Retail Sales
Retail
of Diamond
Jewelery
Jewelery
Sales
$72.1B
$21.9B
Jewelery
Jewelery
Manufac: -10 Retail: 20 to
to 10%
50%

50. 50
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
Production and Supply Forecast (Rio Tinto)
180
Produciton / Supply Mct
160
140
Alluvial
120
100
U/G
80
60
40
20
0
3x increase in
U/G carats
Higher cost
Open Cut

51. 51
Diamond Jewelry Demand is Forecast to Grow Dramatically
Share of World Diamond Jewelry Market, 2005 to 2020
2020F: $128B
China (and
Asia-Pacific)
32%
Rough Diamond
CAGR of 10%1
2010-2020
2010: $74B
China (and
Asia-Pacific)
15%
US
42%
India (and
Asia-Arabia)
25%
2005: $62B
China (and
AsiaPacific)
10%
Others
4%
India (and
Asia-Arabia)
18%
Diamond Jewelry
CAGR of 5.6%1
2010-2020
US
49%
India (and
AsiaArabia)
13%
Europe
10%
Japan
14%
Source: AllanHochtreiter after De Beers, Tacy Ltd.,
1
CAGR estimates after Alrosa October 2011. Nominal Terms
US
27%

52. Rough Diamond Supply and Demand Forecasts
An Example: Bain September 2013
Since 2012, Bain & Co in partnership with the
Antwerp World Diamonds Center have published
an annual review of the diamonds sector.
Rough Diamond Demand
The September 2013 edition forecasts a rough
diamond supply CAGR of 2% and a rough
diamond demand CAGR of 5.1%.
Rough Diamond Supply
Supply and Demand
52

53. 53
Rough Diamond Pricing Since 2003
Rough and Polished Diamonds Against a Basket of Indicators, 2003- October 2013
Commodity Index Data
1
8% CAGR in
Rough Prices
2003-2012
Index October 2003 = 100
600
500
0.9
0.8
0.7
0.6
400
0.5
300
0.4
$109
100
0
2007
$190
$182
200
$121
2008
0.2
$117
WWW R.I.
IMF CPI
IMF Coal(Aust)
S&P TSX Comp Index
2009
0.3
Polished Prices Index
IMF IPI
IMF Metal
Gold
IMF CPI NonFuel
IMF Cu
S&P TSX Composite Index Weekly Closing
700
0.1
0
2010
2011
2012
2013
Source: LME, IMF, Rough Diamond Price data after WWW International Diamond Consultants Limited Indexed to October 2003. CAGR in Nominal Terms. WWW R.I. to May 2013

54. 54

55. 55
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