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Lucara First Quarter 2020 Results to Be Released Thursday, May 7, 2020

Financials

NEWS RELEASE

LUCARA FIRST QUARTER 2020 RESULTS TO BE RELEASED THURSDAY, MAY 7, 2020

April 23, 2020 Vancouver, British Columbia (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm) Lucara Diamond Corp.

(“Lucara” or the “Company”) announces that it will be publishing its 2020 First Quarter Results on Thursday, May 7,

2020, after market close in North America.

The Company will host a conference call and webcast to discuss the results on Friday, May 8, 2020 at 6:00 a.m.

Pacific, 9:00 a.m. Eastern, 2:00 p.m. UK, 3:00 p.m. CET.

CONFERENCE CALL:

Please call in 10 minutes before the conference call starts and stay on the line (an operator will be available to assist

you).

Conference ID:

36146504 / Lucara Diamond

Dial-In Numbers:

Toll-Free Participant Dial-In North America (+1) 888 390 0546

All International Participant Dial-In (+1) 778 383 7413

Webcast:

To view the live webcast presentation, please log on using this direct link:

https://produceredition.webcasts.com/starthere.jsp?ei=1308278&tp_key=664b5059a3

The presentation slideshow will also be available in PDF format for download from the Lucara website

www.lucaradiamond.com shortly before the conference call.

Conference Replay:

A replay of the telephone conference will be available two hours after the completion of the call until May 15, 2020.

Replay number (Toll Free North America) (+1) 888 390 0541

Replay number (International) (+1) 416 764 8677

The pass code for the replay is: 146504#

On behalf of the Board,

Eira Thomas

President and Chief Executive Officer

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For further information, please contact:

North America Christine Warner, Investor Relations & Communications

+1 604 689-7842 | [email protected]

Sweden Robert Eriksson, Investor Relations & Public Relations

+46 701 112615 | [email protected]

UK Public Relations Emily Moss / Jos Simson, Tavistock

+447788554035 | [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 and owns a 100% interest in Clara Diamond Solutions, a secure, digital sales platform

positioned to modernize the existing diamond supply chain and ensure diamond provenance from mine to finger.

The Company has an experienced board and management team with extensive diamond deve lopment 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 was submitted for publication, through the agency of the contact person set out above, at 2:00 p.m.

Pacific Time on April 23, 2020.