Star Diamond Project underground bulk sampling complete: Star shaft decommissioned

    Stock Symbol: SGF: TSX

    SASKATOON, April 25 /CNW/ - George H. Read, P. Geo., Senior Vice
President Exploration and Development, is pleased to announce that the
underground bulk sampling on the Star Diamond Project has been completed
successfully and the shaft has been decommissioned. In excess of 70,000 tonnes
of kimberlite have been recovered from the underground bulk sampling program
on Star. Final kimberlite tonnages and diamond grades will be published as
soon as all remaining surface stockpiles of kimberlite have been processed
through the on-site dense media separator (DMS) plant and the diamonds
recovered at the laboratory of SGS Lakefield in Ontario. All equipment has
been withdrawn from the underground workings and the shaft has been capped
with a steel plate. The head frame, hoists and related equipment will remain
on Star pending a decision to commence an underground bulk sample on one of
the kimberlites within the Orion Cluster, at which time the equipment will be
relocated for use thereon.
    Senior Vice President Exploration and Development, George Read, states:
"The underground bulk sampling program on Star has been highly successful in
proving the true grade of the kimberlite lithologies sampled and the value of
the diamond population sampled in the Cantuar (US$147 per carat) and Early
Joli Fou (US$130 per carat) Kimberlites. The underground bulk sampling also
illustrated the need to excavate large tonnage samples from the Star
Kimberlite lithologies to accurately determine the diamond grade and price for
evaluation at the exploration stage. The overall dollar per carat prices of
the EJF, Pense and Cantuar underground bulk sample diamond populations will be
available later this year. The shaft and underground drifts have been
geologically and geotechnically mapped and surveyed in detail. Representative
samples have also been excavated from the EJF, Pense and Cantuar Kimberlites
for ore dressing test work for future processing plant designs. The Star shaft
and underground drifting have provided Shore geologists with valuable
information about the Star Kimberlite and its future economic potential. All
diamond grade and value data from the underground bulk samples and large
diameter drilling mini-bulk samples will be integrated with the tonnage
calculations of the geological model to ultimately calculate a NI43-101
compliant Mineral Resource for the Star Kimberlite which we estimate will be
available in 2008."
    The Star Kimberlite is currently being evaluated using a combination of
pattern core drilling, underground bulk sampling and large diameter drilling.
This evaluation program, with a budget of some $60 million, will determine the
presence of a National Instrument 43-101 compliant Mineral Reserve for the
Star Kimberlite. Senior Vice President Exploration and Development, George
Read, Professional Geoscientist in the Provinces of Saskatchewan and British
Columbia, is the Qualified Person responsible for the verification and quality
assurance of analytical results. Shore is a Canadian based corporation engaged
in the acquisition, exploration and development of mineral properties. Shares
of the Company trade on the TSX Exchange under the trading symbol "SGF".

    Caution Regarding Forward-Looking Statements

    From time to time, Shore makes written or oral forward-looking statements
within the meaning of certain securities laws, including the "safe harbour"
provisions of the Ontario Securities Act and the United States Private
Securities Litigation Reform Act of 1995. Shore may make such statements in
this press release, in other filings with Canadian regulators or the United
States Securities and Exchange Commission, in reports to shareholders or in
other communications. These forward-looking statements include, among others,
statements with respect to Shore's objectives for the ensuing year, our medium
and long-term goals, and strategies to achieve those objectives and goals, as
well as statements with respect to our beliefs, plans, objectives,
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and development activities or other development plans contain forward-looking
    All forward-looking statements and information are based on Shore's
current beliefs as well as assumptions made by and information currently
available to Shore concerning anticipated financial performance, business
prospects, strategies, regulatory developments, development plans,
exploration, development and mining activities and commitments. Although
management considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect.
    By their very nature, forward-looking statements involve inherent risks
and uncertainties, both general and specific, and risks exist that
predictions, forecasts, projections and other forward-looking statements will
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differ materially from the beliefs, plans, objectives, expectations,
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the effects of competition in the markets in which Shore operates; the impact
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Shore's most recently filed Annual Information Form, annual and interim MD&A
and short form prospectus, and Shore's anticipation of and success in managing
the foregoing risks.
    Shore cautions that the foregoing list of factors that may affect future
results is not exhaustive. When relying on our forward-looking statements to
make decisions with respect to Shore, investors and others should carefully
consider the foregoing factors and other uncertainties and potential events.
Shore does not undertake to update any forward-looking statement, whether
written or oral, that may be made from time to time by Shore or on our behalf.

For further information:

For further information: Adam Buchanan, Manager, Investor and Community
Relations at (306) 667-3503

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