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2017-06-01

LUCARA SHARE CAPITAL AND VOTING RIGHTS UPDATE

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LUCARA SHARE CAPITAL AND VOTING RIGHTS UPDATE

May 31, 2017 (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm) Lucara Diamond
Corp. ("Lucara" or the "Company") reports the following in accordance with the
Swedish Financial Instruments Trading Act:

As a result of the exercise of employee stock options from May 1, 2017 to date,
the number of issued and outstanding shares of the Company has increased to
382,569,334 common shares with voting rights as at May 31, 2017.

William Lamb

President and CEO

Lucara Diamond on Facebook: https://www.facebook.com/LucaraDiamond/

Lucara Diamond on Twitter: https://twitter.com/LucaraDiamond

Lucara Diamond on LinkedIn:
https://www.linkedin.com/company/lucara-diamond-corp-

Lucara Diamond on Google+: https://plus.google.com/+LucaradiamondCorporation

Lucara Diamond on Instagram: https://www.instagram.com/lucaradiamond/

For further information, please contact:

Tanuja Skerlec, Manager IR & PR +1 (604) 689-7842,
tanuja.skerlec@lucaradiamond.com

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

UK: Louise Mason, 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be superseded or qualified by subsequent news releases.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 Swedish Financial Instruments Trading Act. This
information was publicly communicated on May 31, 2017 at 2:45 p.m. Pacific
Time.

Författare Nasdaq Stockholm

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