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2017-09-26

Lucara Announces Sale of 1,109 carat Lesedi La Rona

enligt börsens regler

Lucara Announces Sale of 1,109 carat Lesedi La Rona

SEPTEMBER 25, 2017 (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm) … Lucara
Diamond Corp. ("Lucara" or the "Company") is pleased to announce that the
historic 1,109 carat Lesedi La Rona recovered from the Karowe mine in Botswana
in November 2015 (see news release dated November 19, 2015) has been sold for
US$53 million (US$47,777 per carat) to Graff Diamonds.

Laurence Graff comments, “We are thrilled and honoured to become the new
custodians of this incredible diamond. The stone will tell us its story, it
will dictate how it wants to be cut, and we will take the utmost care to
respect its exceptional properties. This is a momentous day in my career, and I
am privileged to be given the opportunity to honour the magnificent natural
beauty of the Lesedi La Rona”.

William Lamb, President and CEO, comments, “The discovery of the Lesedi La Rona
was a company defining event for Lucara. It solidified the amazing potential
and rareness of the diamonds recovered at the Karowe mine. We took our time to
find a buyer who would take the diamond through its next stage of evolution.
The price paid is also an improvement on the highest bid received at the
Sotheby’s auction in June 2016. Graff Diamonds is now the owner of the Lesedi
La Rona as well as the 373 carat diamond, purchased earlier this year, which
formed part of the original stone. We are excited to follow these diamonds
through the next stage of their journey.”

On behalf of the Board,

William Lamb

President and CEO

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For further information, please contact:

Lucara Investor and Public Relations +1 (604)
689-7842, info@lucaradiamond.com

Sweden: Robert Eriksson, Investor Relations +46
701-112615, reriksson@rive6.ch

UK: Louise Mason-Rutherford, Citigate Dewe Rogerson +44 (0)20 7282 2932
Louise.Mason@Citigatedr.co.uk

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
Lucara Diamond Corp. under the EU Market Abuse Regulation and the Swedish
Securities Markets Act. This information was publicly communicated on September
25, 2017 at 2:30 p.m. Pacific Time.

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

Certain of the statements made and contained herein and elsewhere constitute
forward-looking statements as defined in applicable securities laws. Generally,
these forward-looking statements can be identified by the use of
forward-looking terminology such as “expects”, “anticipates”, “believes”,
“intends”, “estimates”, “potential”, “possible” and similar expressions, or
statements that events, conditions or results “will”, “may”, “could” or
“should” occur or achieved.

Forward looking statements are based on the opinions and estimates of
management as of the date such statements are made, and they are subject to a
number of known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to be
materially different from any future results, performance or achievement
expressed or implied by such forward-looking statements. The Company believes
that expectations reflected in this forward-looking information are reasonable
but no assurance can be given that these expectations will prove to be correct
and such forward-looking information included herein should not be unduly
relied upon. Refer to the risks and uncertainties described under Risks and
Uncertainties disclosed in the Company’s Annual Information Form.

There can be no assurance that forward looking statements will prove to be
accurate, as the Company’s results and future events could differ materially
from those anticipated in forward-looking information as a result of those
factors discussed in or referred to under the heading “Risk Factors’ in the
Company’s most recent Annual Information Form available at
http://www.sedar.com, as well as changes in general business and economic
conditions, changes in interest and foreign currency rates, the supply and
demand for, deliveries of and the level and volatility of prices of rough
diamonds, costs of power and diesel, acts of foreign governments and the
outcome of legal proceedings, inaccurate geological and recoverability
assumptions (including with respect to the size, grade and recoverability of
mineral reserves and resources), unanticipated operational difficulties
(including failure of plant, equipment or processes to operate in accordance
with specifications or expectations, cost escalations, unavailability of
materials and equipment, government action or delays in the receipt of
government approvals, industrial disturbances or other job actions, adverse
weather conditions, and unanticipated events relating to health safety and
environmental matters)

Accordingly, readers are cautioned not to place undue reliance on these
forward-looking statements which speak only as of the date the statements were
made, and the Company does not assume any obligations to update or revise them
to reflect new events or circumstances, except as required by law.

Författare Nasdaq Stockholm

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