World’s Second Largest Diamond Found in Botswana by Lucara Diamond Corp.

BREAKING NEWS: Lucara Diamond recovered 1,111 carat diamond. The world’s 2nd largest gem quality diamond ever recovered.

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 18, 2015) – Lucara Diamond Corp. (TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX Stockholm:LUC) (“Lucara” or the “Company”), the high quality diamond producer with assets in Botswana, is pleased to announce the recovery of a 1,111 carat gem quality, Type IIa diamond. Please see attached photos.

The magnificent stone, which originated from the south lobe of Lucara’s Karowe Mine, is the world’s second largest gem quality diamond ever recovered and the largest ever to be recovered through a modern processing facility. The stone was recovered by the newly installed Large Diamond Recovery (“LDR”) XRT machines. The stone measures 65mm x 56mm x 40mm in size and is the largest ever to be recovered in Botswana.

For additional pictures of the diamond, please go to the Lucara website www.lucaradiamond.com.

William Lamb, President and CEO, commented, “This historic diamond recovery puts Lucara and the Karowe mine amongst a select number of truly exceptional diamond producers. The significance of the recovery of a gem quality stone larger than 1,000 carats, the largest for more than a century and the continued recovery of high quality stones from the south lobe, cannot be overstated. Our focus on mining the south lobe, which is delivering value beyond expectation, has been perfectly timed with the commissioning of our recent plant modifications, enabling the recovery of these large, high quality exceptional diamonds.”

A conference call will be held on Thursday, November 19th, at 10:00am ET, 4:00pm Sweden.

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

Dial-In Numbers:
Toll-Free North America: +1-866-393-4306
North America: +1-734-385-2616
Sweden: +46 (0) 8 5661-9361

A replay of the telephone conference call will be available until November 26, 2015.
Replay number (Toll Free North America): +1-855-859-2056
Replay number (International): +1-404-537-3406

The pass code for the replay is: 85037014