Margaret Lake Diamonds Announces New CEO and Board Member

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MARGARET LAKE DIAMONDS ANNOUNCES NEW CEO AND BOARD MEMBER

VANCOUVER, BRITISH COLUMBIA – FEBRUARY 3rd, 2025 - MARGARET LAKE

DIAMONDS INC. (TSXV: DIA) (OTC: DDIAF) (FSE: M85A) ("DIA" or the

"Company") announces it has appointed Mr. Robert “Nick” Horsley to the role of CEO and to the board

of directors. The Company wishes to thank Mr. Yari Nieken for his tenure as CEO and director and wishes

him well in his future endeavors.

Mr. Robert “Nick” Horsley has over 20 years of public markets experience focused on finance, investor

relations, marketing, management, and merger & acquisitions. Mr. Horsley has served as a director and a

consultant to several public and private companies and has experience in a variety of industries including

mineral exploration, telecom, CPG, Esports, and technology.

On behalf of the Board

Margaret Lake Diamonds Inc.

"R. Nick Horsley"

Chief Executive Officer

Tel: 604.740.7492 | Email: [email protected]

Disclaimer for Forward-Looking Information

Statements in this press release regarding DIA's business which are not historical facts are "forward -

looking statements" that involve risks and uncertainties, such as terms and completion of the proposed

transaction. Since forward-looking statements address future events and conditions, by their very nature,

they involve inherent risks and uncertainties. Actual results in each case could differ materially from those

currently anticipated in such statements. Trading in the securities of a DIA should be cons idered highly

speculative.

The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release.