Lucara Announces Declaration of Quarterly Dividend

February 21, 2019

PRESS RELEASE

LUCARA ANNOUNCES DECLARATION OF QUARTERLY DIVIDEND

VANCOUVER, February 21, 2019 /CNW/ - (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 the first quarterly dividend of 2019 of CDN 2.5 cents per share to be

payable Thursday, April 11, 2019 to the shareholders of record at the close of business on Friday,

March 22, 2019.

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

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

Eira Thomas

President and Chief Executive Officer

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For further information, please contact:

Investor Relations & Public Relations +1 604 689-7842 [email protected]

Sweden: Ulrika Häggroth, Investor Relations +46 70 298 6001 [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 oper ates transparently and in accordance with international best practices in the

areas of sustainability, health and safety, environment and community relations.

ABOUT CLARA

Clara Diamond Solutions (Clara), wholly owned by Lucara Diamond Corp, is a secure, digital

sales platform that uses proprietary analytics together with cloud and blockchain technologies

to modernize the existing diamond supply chain, driving efficiencies, unlocking value and

ensuring diamond provenance from mine to finger.

The information in this release is accurate at the time of distribution but may be superseded or

qualified by subsequent news releases.

This information was publicly communicated on February 21, 2019 at 2:16p.m. Pacific Time.