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Margaret Lake Diamonds provides an update regarding the Companies Annual General Meeting of Shareholders (the “AGM”)

Shareholder Meetings

Margaret Lake Diamonds provides an update regarding the Companies Annual

General Meeting of Shareholders (the “AGM”)

VANCOUVER, BRITISH COLUMBIA / Friday 19, 2021 / Margaret Lake Diamonds Inc. (" MLD" or the

"Company") (TSX.V: DIA/ FKT: M85). The AGM will be held on Friday May 14, 2021, at 10:00 am PT. In light

of the ongoing concerns related to the spread of COVID-19 and in order to mitigate the potential risks to the

health and safety of all concerned, shareho lders are to vote their proxies in advance of the AGM by phone,

email or online ahead of the AGM that will be held via teleconference. The Company may also issue a virtual

link for shareholders to listen in to the meeting and any follow up discussions if required should they not be

able to attend the initial session.

The Company’s Notice of AGM, the accompanying management proxy circular and related meeting materials

(the “Proxy Materials”) the Company will be mailing out the materials by April 15, 2021. The record date for

the AGM is April 6, 2021. Copies of the Proxy Materials, as well as Margaret Lake’s Audited Annual financial

statements for the fiscal years ended May 31, 2019 and 2020, are available for download on our website at

www.margaretlakediamonds.com or under our SEDAR profile at www.sedar.com.

We ask that all questions, which shareholders wish to raise, be submitted

to [email protected] in advance of the AGM.

About Margaret Lake Diamonds

Margaret Lake Diamonds Inc. (TSX.V: DIA) is a Canadian junior exploration company focussed on battery

metals and continues to maintain an interest in the Diagras Diamond property located approximately 50km

from the Diavik and Ekati Diamond Mines and the Margaret Lake Property located adjacent to the Kennady

North 100% owned Margaret Lake Property ("the Property") in the Northwest Territories. The Property is

located just nine kilometers north of the Gahcho Kue diamond mine and two k ilometers from the Kelvin and

Faraday kimberlite deposits.

Contact Information

Web: www.margaretlakediamonds.com

Neil Foran

CEO

[email protected]

Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively ''forward-looking

information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words

such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which,

by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by

the Company is not a guarantee of future results or performance, and that actual results may differ materially from those

in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a

more complete discussion of such risk factors and their potential effects which may be accessed through the Company's

profile on SEDAR at www.sedar.com.