21 July 2014
Stornoway Diamond Corporation (TSX-SWY; the “Corporation” or “Stornoway”) is pleased to announce that it has entered into a contract for Engineering, Procurement and Construction Management (“EPCM”) with SNC-Lavalin Inc. for the Renard Diamond Project. SNC-Lavalin will provide EPCM services for on-site utilities such as the liquid natural gas power plant, the processing plant building, service buildings, water treatment facilities, and on-site infrastructure. The agreement with SNC-Lavalin contemplates sub-contracted services to be provided by AMEC Americas Ltd. (AMEC) and DRA Americas Inc. (DRA) for certain specialized engineering and field support services relating to the project’s diamond processing plant and diamond recovery circuits. The total capital cost of site facilities and infrastructure within the scope of the EPCM contract is estimated at approximately C$425million.