Star Diamond Corporation (“Star Diamond” or the “Company”) is pleased to announce the appointment of new members of the Company’s leadership team and their respective positions effective 5:30 PM on November 20, 2025:
- Wayne Maloufsince then director of Star Diamond Corporation August 6, 2025today accepted the role of chairman
- Christian Toth is a newly appointed director
- Leslie Markow is a newly appointed director
- Lester Kemp was recently appointed interim chief executive officer
- Mark Shimelpreviously the company’s Vice President of Exploration, will be named Chief Operating Officer.
In response to the announcement said Wayne Maloufchairman of the board of directors of Star Diamond Corporation, said:
“On behalf of the Board of Directors, I welcome each of the new members of our team to Star Diamond Corporation. Together, the team’s combined experience in mining in Canada and around the world the company will be able to evaluate the opportunities for this exceptional, high-quality diamond project. I am honored to accept the role of chairman and begin by thanking the former directors for their past contributions to the company’s board of directors.”
In response to the announcement said Lester KempInterim Chief Executive Officer of Star Diamond Corporation, said:
“I am excited to join Star Diamond Corporation’s senior leadership team as Interim Chief Executive Officer. The team shares the same level of confidence in the company’s future based on the disciplined execution of a clear plan to leverage value creation opportunities.”
Notes for editors
Biographies of the newly appointed members of the company’s leadership team:
Lester Kemp graduated in 1990 with a master’s degree from the Royal School of Mines, University of Londonand went to work at GeoScience Limited in Ascot before running a gold exploration camp there Guyana for Canarc sources of Canada. After earning his MBA, Lester worked at several junior resource companies operating throughout the world Africa, Europe and Scandinavia. Lester was part of Canadian-listed Redaurum Limited, which operated the River Ranch Diamond Mine Zimbabwe and the Kelsey Lake Diamond Mine in the USA. Lester was co-founder and managing director of Mantle Diamonds Limited, which operated two diamond mines Africa (Lesotho And Botswana). Lester also served as a non-executive director of Levin Sources, a consulting and social venture firm engaged in advising international clients on responsible and sustainable mining.
Christian Toth is an experienced mining, capital markets and M&A lawyer and corporate director. His experience in mining finance and mergers and acquisitions extends across all jurisdictions and minerals. Krisztian is recognized by a number of legal publications as a leading lawyer in the areas of mining, capital markets, private equity and mergers and acquisitions. Krisztian is a partner at the law firm Fasken Martineau, a leading international corporate law and litigation firm with more than 750 lawyers spread across offices in Canada, South Africa and the United Kingdom delivering expertise in more than 40 practice areas and industry groups. Krisztian is a member of Fasken’s Global Mining Group and has been named Global Mining Law Firm of the Year for ten years in a row – more times than any other law firm in the world.
Leslie Markow is a Canadian CA, CPA, American CPA (Illinois) and a Chartered Director. She is currently an independent consultant and previously held the position of CFO at listed companies in both companies Canada and the US. Her experience includes Corporate Treasury, Public Reporting, IPO advisory and M&A advisory in the areas of due diligence, post-merger integration and ongoing investor relations support.
Mark Shimel is an exploration geologist with more than 28 years of international experience in mineral exploration and 23 years of diamond exploration in Canada. Prior to migrating to Canada working for Star Diamond Corporation Mr. Shimell worked for ACA Howe International UK on exploration projects there Europe And Africa. Mr Shimell graduated from Imperial College London (Royal School of Mines) with a degree in mining geology in 1995, a master’s degree in 1998 and is a professional geoscientist in the province Saskatchewan.
Caution Regarding Forward-Looking Statements
This press release contains “forward-looking statements” and/or “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “predicts”, “intends”, “anticipates” or “does not expect” or “believes”, or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, ‘may’, ‘could’, ‘will’, ‘could’ or ‘will be assumed’, ‘occur’ or ‘achieved’ or its negative connotation. All statements, other than statements of historical fact, are forward-looking statements.
These forward-looking statements are based on Of Star Diamond current beliefs, as well as assumptions made by and information currently available Star Diamond and involve inherent risks and uncertainties, both general and specific. There is a risk that forward-looking statements will not be realized as a result of a number of factors including, but not limited to, the Company’s ability to obtain financing to continue the exploration, evaluation and
and/or development of exploration and appraisal properties in which the Company has an interest, the economic viability of future development projects, developments in the global diamond markets, changes in diamond prices, risks relating to fluctuations in the Canadian dollar and other currencies against the U.S. dollar, the impact of changes in laws and regulations governing mining exploration, development, closure, judicial or regulatory rulings and legal proceedings, operational and infrastructure risks and the additional risks described in Of Star Diamond most recently submitted annual information form and annual and interim MDA.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. In addition, forward-looking statements are provided solely for the purpose of providing information about management’s current expectations and plans and to enable investors and others to better understand our operating environment. Accordingly, readers should not place undue reliance on forward-looking statements.
Forward-looking statements in this press release are made as of the date hereof Star diamond assumes no obligation to update any forward-looking statements, except as required by applicable law.
SOURCE Star Diamond Corporation
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2025/20/c2947.html
#STAR #DIAMOND #CORPORATION #ANNOUNCES #LEADERSHIP #TEAM