Stornoway Graduates to TSX Wilcox Group to Provide Media Relations

Stornoway Diamond Corporation (TSXV-SWY) is pleased to announce that as of Thursday, October 14, 2004 its securities will commence trading on the Toronto Stock Exchange (TSX). Concurrent with Stornoway's graduation to the TSX, its securities will no longer trade on the TSX Venture Exchange. The trading symbol will remain unchanged.

Stornoway's graduation to the TSX is a reflection of its early success in exploring for and discovering diamondiferous kimberlites in Canada's Arctic. With interests in more than 23 million acres of prospective diamond properties, Stornoway Diamond Corporation holds more land in the north than any other Canadian owned diamond explorer. Stornoway is a well-funded Canadian diamond exploration company with an aggressive acquisition, exploration and development philosophy.

In addition Stornoway has named Wilcox Group, one of Canada's largest national independent public relations firms, as its agency of record.

On behalf of the Board

/s/ "Eira Thomas"
Eira Thomas, President

For further information, please contact the Company at 604-331-2259 or (888) 338-2200
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The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release. This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, "best-efforts" financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at