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Date: November 2, 2017 (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm) Lucara
Diamond Corp. (“Lucara” or the “Company”) is pleased to announce that the Board
of Directors has declared its fourth 2017 quarter dividend of CDN 2.5 cents per
share to be payable on December 14, 2017.

The dividend of CDN 2.5 cents is payable on December 14, 2017 to the
shareholders of record at the close of business on December 1, 2017. The
declaration, timing amount and payment of future dividends remains in the
discretion of the Board at Directors and is subject to the requirements of the
Company’s dividend policy.

William Lamb

President and CEO

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For further information, please contact:

Lucara: Michelle Fyfe, Investor Relations +1 (604) 689-7842

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

UK: Louise Mason, Citigate Dewe Rogerson +44 (0)20 7282 2932

About Lucara

Lucara is a leading independent producer of large exceptional quality Type IIa
diamonds from its 100% owned Karowe Mine in Botswana. The Company has an
experienced board and management team with extensive diamond development and
operations expertise. The Company operates transparently and in accordance
with international best practices in the areas of sustainability, health and
safety, environment and community relations.

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be superseded or qualified by subsequent news releases.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
the Company under the EU Market Abuse Regulation and the Swedish Securities
Markets Act. This information was publicly communicated on November 2, 2017 at
4:35 p.m. Pacific Time.

Författare Nasdaq Stockholm

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