Margaret Lake Diamonds Announces Appointment of Andreas Schleich to Its Board of Directors

MARGARET LAKE DIAMONDS ANNOUNCES APPOINTMENT OF ANDREAS

SCHLEICH TO ITS BOARD OF DIRECTORS

VANCOUVER, BC- TheNewswire - Margaret Lake Diamonds Inc. ("MLD" or the "Company")

(TSXV:DIA) (FKT:M85A) (OTC:DDIAF) is pleased to announce the appointment of Andreas

Schleich to its Board of Directors, replacing C. Geoffrey Hampson.

Mr. Schleich comes with over 20 years of international experience as senior executive with both

private and public companies. Over the course of his career, he has held several C-level

management positions in multi-cultural and global environments in Germany,

Denmark, Mexico and Canada. He holds a BBA in Marketing and International Business.

The company would like to thank Mr. Hampson for serving on the Board of Margaret Lake and

wishes well in his future endeavours.

About Margaret Lake Diamonds Inc.

MLD is a Canadian based mineral exploration company. As part of its joint venture with Arctic

Star Exploration, MLD holds an 18.5 per cent interest in the Diagras diamond project Northwest

Territories property. The property hosts 13 known kimberlites originally discovered by DeBeers

in the 1990’s and MLD believes there is an opportunity to apply modern exploration techniques

to define additional kimberlites. Additionally, MLD owns 100% interest in the Mormon Lake

Uranium Property near Payson, Arizona.

ON BEHALF OF THE BOARD OF DIRECTORS OF MARGARET LAKE DIAMONDS INC.

Yari Nieken, CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined

in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy

of this release.