SUPREME COURT OF BC RULES IN FAVOUR OF ASHTON-STORNOWAY AMALGAMATION

03/01/2007

Stornoway Diamond Corporation ("Stornoway") announces that the Supreme Court of British Columbia today dismissed the petition of Matthew S. Bingham, a shareholder of Ashton Mining of Canada Inc. ("Ashton"), which petition sought to set aside the amalgamation of Ashton and a wholly owned subsidiary of Stornoway that the shareholders of Ashton approved on January 15, 2007.

On behalf of the Board
STORNOWAY DIAMOND CORPORATION
/s/ "Eira Thomas"
Eira Thomas
President

For further information, please contact:

At Ashton:                                          -or-
Ariel Bowers,
Investor Relations Coordinator
Tel: (604) 983-7750
Email: contact@ashton.ca
Website : www.ashton.ca

At Stornoway:
Nick Thomas,
Manager, Investor Relations
Tel: (604) 331-2259 or (888) 338-2200
Email : info@stornowaydiamonds.com
Website : www.stornowaydiamonds.com