Lucara Diamond Corp. is pleased to announce that a contest is underway for the official naming of the extraordinary 1,100+ carat Type IIa diamond recovered in November of last year from the Company’s Karowe mine in Botswana. This beautiful, gem quality diamond is the largest diamond ever recovered in Botswana and the second largest ever in the world.

The contest, open only to citizens of Botswana, has attracted over 11,000 entries to date. The winning name will be announced in simultaneous press conferences held in Gaborone and the Indaba Conference in Cape Town at 3:30 p.m. GMT+2 (Central African Time). The winner will receive a cash prize of P25,000.

Cape Town – Indaba Conference
Gaborone – Avani Hotel

On behalf of the Board,
William Lamb, President and CEO

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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The information in this release is accurate at the time of distribution but may be superseded or qualified by subsequent news releases.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 Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. This information was publicly communicated on February 3, 2016 at 2:00 p.m. Vancouver time.