Star Diamond Corporation announced that further to its release dated July 15, 2024, it has completed the acquisition of Canterra Minerals Corporation's ("Canterra") interest in the Buffalo Hills Diamond Project (the "Project"). Star Diamond now owns 100% of the Project. Star Diamond acquired Canterra's 50% interest in the Project, a land package consisting of 21 mineral leases covering approximately 4,800 hectares located 400 kilometres northwest of Edmonton, Alberta, Canada, in exchange for the issuance of 17,500,000 common shares of the Company (the "Consideration Shares").

One half of the Consideration Shares are subject to a 12-month lock-up arrangement. In addition to the Consideration Shares, Canterra was granted a 1% royalty interest in the Project. All of the consideration Shares are subject to a custom four month hold period.