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  applications.  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  Contact:  Scio Diamond Technology Corporation
Michael McMahon -mmcmahon@sciodiamond.com