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October 25, 2016 (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm) … Lucara
Diamond Corp. (“Lucara” or the “Company”) is pleased to announce that it will
be publishing its 2016 Third Quarter results on Tuesday, November 8, 2016,
after the market close in North America.

The Company will host a conference call to discuss the results on Wednesday,
November 9, 2016 at 6:00 a.m. Pacific, 9:00 a.m. Eastern, 3:00 p.m. CET.

Please call in 10 minutes before the conference call starts and stay on the
line (an operator will be available to assist you).

Conference ID: 96970558 / Lucara Diamond

Dial-In Numbers:
Toll-Free North America: +1-866-521-4884
North America: +1-647-427-2306
Sweden: +46 (0) 2-079-4343
London: 0-800-051-7107

To view the live webcast presentation, please log on using this direct link:

The presentation slideshow will also be available in PDF format for download
from the Lucara website before the conference call.

A replay of the telephone conference will be available two hours after the
completion of the call until November 16, 2016.

Replay number (Toll Free North America): +1-855-859-2056
Replay number (International): +1-404-537-3406

The pass code for the replay is: 96970558

On Behalf of the Board,

William Lamb

President and CEO

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Lucara Diamond on Twitter

Lucara Diamond on LinkedIn

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Lucara Diamond on Instagram

For further information, please contact:

Sophia Shane, Corporate Development +1 (604) 689-7842,

Sweden: Robert Eriksson, Investor Relations +46 701-112615,

UK: Louise Mason, Citigate Dewe Rogerson +44 20 7282 2932, or +44 20 7282

About Lucara

Lucara is a well positioned diamond producer. The Company has an experienced
board and management team with extensive diamond development and operations
expertise. The Company’s main producing asset is the 100% owned Karowe Mine in
Botswana. The Company also conducts exploration activities and holds two
precious stone prospecting licenses close to its Karowe mine.

The information in this release is accurate at the time of distribution but may
be superseded or qualified by subsequent news releases.

The information in this release is subject to the disclosure requirements of
Lucara Diamond Corp. under the EU Market Abuse Regulation and the Securities
Markets Act. This information was submitted for public release by the above
person(s) on October 25, 2016 at 4:30 p.m. Pacific Time.

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