Processing of ore commenced on July 15, 2016. In March 2016, Stornoway released the results of an Updated Mine Plan and Mineral Reserve Estimate in March 2016. The study highlighted the potential of the project to become a significant producer of high value rough diamonds over an initial 14 year mine life. Probable Mineral Reserves, as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101), stand at 22.3 million carats. In accordance with the Corporations September 2015 Mineral Resource estimate, total Indicated Mineral Resources, inclusive of the Mineral

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