Five Star Diamonds Limited announced the appointment of Ms. Solongo Gunsendorj to the Company’s Board as a Director with immediate effect. Ms Gunsendorj is a Mongolian National with considerable experience in the resources sector across a range of commodities including copper, gold, coal, iron and hydrocarbons. Ms Gunsendorj is an executive at boutique Mongolian investment firm Garrison Capital Development (GCD). GCD is an established and successful venture capital firm that specializes in marketing and acquiring exploration and development assets, in the resource sector, and managing these assets through the developmental stages onto production. Ms Gunsendorj currently acts as an advisor and executive assistant to the Chairman of Steppe Gold, a Mongolian precious metals company listed on the TSX. Prior to joining GCD, Ms Gunsendorj was Head of Property Management at Mongolian Properties LLC. Mongolian Properties LLC is one of the leading real estate developers in Mongolia. Ms Gunsendorj graduated from Columbia College in Denver, Colorado with Bachelor of Science in Business Administration and is fluent in English and Mongolian. Ms Gunsendorj’s expertise and networks will make her an invaluable asset for the future progress and growth of the Company and welcome her to the Board of the Company. The Company also announced resignations of Mr. Aneel Waraich and Mr. Nicholas Pike from the Board of Directors. The Company would like to thank Mr. Waraich and Mr. Pike for their considerable time, services, and for the valuable contributions made during their tenure as directors.