Scio Diamond Announces Michael McMahon as CEO

                Scio Diamond Announces Michael McMahon as CEO

PR Newswire

GREENVILLE, SC, Feb. 1, 2013

GREENVILLE,  SC,  Feb.  1,  2013   /PRNewswire/  -  Scio  Diamond   Technology 
Corporation (OTCBB:  SCIO.OB)  (hereinafter  "Scio" or  the  "company")  today 
announced that  its Board  of  Directors appointed  Michael McMahon  as  Chief 
Executive Officer, effective February 1, 2013.

Mr. McMahon has  been the  company's Chief Operating  Officer since  2011.Mr. 
McMahon is a graduate of the University of Cincinnati and has over 30 years of
senior  management  leadership  experience.He   has  held  Senior   Executive 
positions at Fluor  Corporation, Jacobs Engineering,  and CRSS, Inc.  managing 
the design and construction  of over 19 billion  dollars of constructed  value 
worldwide, much of it in high technology.

Ed Adams, Chairman of Scio's Board of Directors, said: "We are delighted  that 
Michael  has  accepted  our  offer  to  lead  Scio.  Michael's  leadership  in 
designing, building, and starting up Scio's production facilities enabled Scio
to now  aggressively  ramp  production and  revenue.His  diverse  skill  set, 
international business experience, corporate governance expertise and business
acumen are a  great fit  for the  company. His  vision of  mass production  of 
diamond for both  the industrial and  gemstone markets is  clear, concise  and 
focused.Michael has already demonstrated  a leadership perspective that  fits 
ideally with Scio's.There is  no doubt that Michael  will lead Scio to  being 
the most  productive  and  efficient  diamond  operation  in  the  world.More 
importantly, his  strategic  approach  and  previous  experience  in  building 
successful partnerships will  lead Scio to  new markets that  can exploit  the 
power of diamond as a disruptive material technology."

Michael McMahon commented: "The growth possibilities for Scio are immense, and
I look  forward to  leading the  company to  achieve its  full potential.  Our 
achievements to date in starting  mass production are just the  beginning.Our 
patented technology will  enable us  to continue  our production  ramp in  the 
months ahead."

About Scio

Scio employs a patent-protected chemical  vapor deposition process to  produce 
high-quality, single-crystal diamonds in a controlled laboratory setting, with
such  diamonds  referred  to  as  "lab-grown"  or  cultivated   diamonds.These 
cultivated diamonds have chemical,  physical and optical properties  identical 
to mined diamonds.The  company's manufacturing process  enables it to  produce 
high-quality, high-purity, single-crystal colorless, near colorless and  fancy 
colored diamonds.

Scio's technology  offers the  flexibility to  produce lab-grown  diamonds  in 
size, color  and quality  combinations  that are  very  rare in  nature.  Scio 
produces  diamonds  for  industrial,   gemstone,  medical  and   semiconductor 

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that may involve  known 
and unknown risks, uncertainties and other factors which may cause the  actual 
results, performance or achievements of  Scio to be materially different  from 
future results,  performance  or  achievements expressed  or  implied  by  any 
forward-looking  statements.   Forward-looking   statements,   which   involve 
assumptions and  describe future  plans, strategies  and expectations  of  the 
company, are  generally  identifiable  by  use of  the  words  "may,"  "will," 
"should,"   "could,"    "would,"    "forecast,"    "potential,"    "continue," 
"contemplate," "expect,"  "anticipate," "estimate,"  "believe," "intend,"  "or 
"project" or the negative of these words or other variations on these words or
comparable  terminology.  These  forward-looking   statements  are  based   on 
assumptions that may be  incorrect, and there can  be no assurance that  these 
projections included in  these forward-looking statements  will come to  pass. 
Actual results of the company could differ materially from those expressed  or 
implied by  the forward-looking  statements as  a result  of various  factors. 
Except as required by applicable laws, the company has no obligation to update
publicly  any  forward-looking  statements  for   any  reason,  even  if   new 
information becomes available or other events occur in the future.

SOURCE Scio Diamond


Scio Diamond Technology Corporation
Michael McMahon
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