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Lucara Announces Declaration of Quarterly Dividend

Corporate Actions

NEWS RELEASE

LUCARA ANNOUNCES DECLARATION OF QUARTERLY DIVIDEND

February 20, 2018 (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm) Lucara Diamond Corp.

(“Lucara” or the “Company”) is pleased to announce that the Board of Directors has declared its first 2018

quarterly dividend of CDN 2.5 cents per share to be payable on April 12, 2018 to the shareholders of record at

the close of business on March 23, 2018.

The declaration, timing amount and payment of future dividends remains in the discretion of the Board of

Directors and is subject to the requirements of the Company’s dividend policy.

William Lamb

President and CEO

Lucara Diamond on Facebook: https://www.facebook.com/LucaraDiamond/

Lucara Diamond on Twitter: https://twitter.com/LucaraDiamond

Lucara Diamond on LinkedIn: https://www.linkedin.com/company/lucara-diamond-corp-

Lucara Diamond on Google+: https://plus.google.com/+LucaradiamondCorporation

Lucara Diamond on Instagram: https://www.instagram.com/lucaradiamond/

For further information, please contact:

Lucara Investor & Public Relations +1 (604) 689-7842, [email protected]

Sweden: Robert Eriksson, Investor Relations +46 701-112615, [email protected]

UK: Louise Mason, Citigate Dewe Rogerson +44 (0)20 7282 2932 [email protected]

About Lucara

Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned

Karowe Mine in Botswana. The Company has an experienced board and management team with extensive

diamond development and operations expertise. The Company operates transparently and in accordance with

international best practices in the areas of sustainability, health and safety, environment and community

relations.

The information in this release is accurate at the time of distribution but may be superseded or qualified by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 the Company under the EU Market

Abuse Regulation and the Swedish Securities Markets Act. This information was publicly communicated on

February 20, 2018 at 3:00 p.m. Pacific Time.