| June 18, 2009 News Release | |
| Western Standard Metals Ltd. (formerly Nordic Diamonds Ltd.) announces that effective at the opening on June 12, 2009, the TSX Venture Exchange delisted the shares of Nordic Diamonds Ltd. and listed the shares of Western Standard Metals Ltd., under the symbol "WSM". Further to a special resolution passed by the shareholders at the Company's Annual/Special General Meeting held February 27, 2009, the Company consolidated its shares on a 10 old for 1 new basis. The Directors elected to change the name to Western Standard Metals Ltd. to better reflect the direction of business activities. Western Standard Metals Ltd. (the "Company") further announces that it has arranged for a loan to raise a total of $20,000 by way of a loan agreement. The Company will repay the loan within a twelve month period and the interest rate is set at the rate of the London Interbank Offered Rate (LIBOR) plus 2% interest per annum. The lender will receive the maximum permitted bonus, being 36,363 post-consolidation shares at a deemed price of $0.11 per share for granting the loan. This transaction is subject to acceptance by the TSX Venture Exchange. The Company is pleased to announce the appointment of an additional director to the Board. Zahir Virjee is the Product Director for Global Crossing, an international provider of Next-gen Telecommunications services comprising Internet access and marketable IP applications. Mr. Virjee holds a Bachelors Degree (with honors) in electrical engineering from North Staffordshire, U.K. and has an MBA through Simon Fraser University. ON BEHALF OF THE BOARD OF DIRECTORS WESTERN STANDARD METALS LTD. Tanuja de Silva Director, CFO & Corporate Secretary Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain information presented in this release may constitute "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. | |
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