Margaret Lake Diamonds Inc. (TSX-V: DIA) Announces Non-Brokered Priv Ate Placement __________________________________________________________

March 18, 2015 TSX Venture Exchange Trading Symbol: DIA

Vancouver, British Columbia – Margaret Lake Diamonds Inc. (TSX-V: DIA) (“MLD”) announces that, subject to TSX Venture Exchange (“TSXV”) approval, it will proceed with a non–brokered private placement (the “Private Placement”) of up to up to 600,000 flow-through common shares of MLD (each a “FT Share”) at a price of $0.18 per FT Share for combined gross proceeds of up to $108,000. These securities will be issued subject to the statutory four month hold.

Proceeds from the flow–through shares will be used for Canadian Exploration Expenses within the meaning of the Income Tax Act. This will specifically include the processing and analysis of some 160 indicator mineral samples from the Margaret Lake property.

About Margaret Lake Diamonds Inc.

Margaret Lake Diamonds Inc. is a diamond exploration company focused on the Northwest Territories in proximity to Gahcho Kué, the next Canadian diamond mining development by De Beers and Mountain Province Diamonds, and adjacent to the ongoing exploration by Kennady Diamonds. The Board of MLD is comprised of persons with combined involvement of over 50 years in the Canadian diamond sector.

For further information, please contact:

MARGARET LAKE DIAMONDS INC.

“Paul Brockington”

President and CEO Phone: 604-630-2810 Website: www.margaretlakediamonds.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.