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8.09.2008

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The Star Kimberlite is one of the largest diamond bearing kimberlites in the world, with a surface area totaling some 352 hectares situated within claims of both the Star Diamond Project (100 percent Shore) and the adjacent Fort a la Corne Joint Venture (FALC-JV: 60 percent Shore and 40 percent Newmont Mining Corporation of Canada Limited ("Newmont"), referenced in this news release as "Star West"). The Mineral Resource estimate prepared by AMEC includes kimberlite volume, density and tonnage data collected during the surface and underground core drilling program comprising 270 surface core holes (18,020 metres of kimberlite) and 211 underground core holes (15,933 metres of kimberlite), diamond and tonnage data from underground bulk sampling (69,056 dry tonnes, 10,582 carats and 80,669 stones) and diamond and tonnage data from the mini-bulk samples recovered from the extensive large diameter drilling ("LDD") program on Star (88 holes, 8,447 metres of kimberlite, 18,956 dry tonnes, 1,337 carats and 14,433 stones). This Mineral Resource estimate uses a 1.0 millimetre bottom diamond size cut-off and considers all kimberlite above 71 metres above sea level or to a depth of 350 metres below surface. Diamond values are based on the March 2008 high modeled price by WWW International Diamond Consultants Ltd.
In addition to the Mineral Resource estimate determined by AMEC, a further 100 to 120 million tonnes of the Star Kimberlite is designated a 'potential mineral deposit', as detailed core logging, whole rock geochemistry, geophysical and density measurements confirm the geological continuity from the Inferred Resource into this part of the kimberlite, which is contained within the 276 million tonnes originally defined in the geological model for the Star Kimberlite (Shore News Release Oct 17, 2006). The 100 to 120 million tonne potential mineral deposit, at a present estimated grade of 10 to 13 cpht, is conceptual in nature and is not a resource estimate. Further exploration work is under consideration for the Star Kimberlite, but it is uncertain if additional exploration work will lead to the kimberlite presently included in the potential mineral deposit being upgraded to a resource category.

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