UPDATE ON EXPECTED CLOSING OF STAR DIAMOND'S ACQUISITION OF RIO TINTO'S 75% INTEREST IN THE FORT À LA CORNE DIAMOND PROJECT

TSX: DIAM

SASKATOON, SK, Jan. 29, 2024 /CNW/ - Star Diamond Corporation (TSX: DIAM) ("Star Diamond" or the "Company") is pleased to provide this update on Star Diamond's acquisition of Rio Tinto Canada Inc's ("RTEC") 75% interest in the Fort à la Corne Joint Venture pursuant to the agreement (the "Agreement") dated November 28, 2023 entered into between Star Diamond and RTEC (see News Release dated November 28, 2023).