Lucara Recovers 223 Carat High White Gem Diamond from Karowe
Feb 19, 2019
PRESS RELEASE
LUCARA RECOVERS 223 CARAT HIGH WHITE GEM DIAMOND FROM KAROWE
VANCOUVER, February 19, 2019/CNW/ - (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm)
Lucara Diamond Corp. (“Lucara” or the “Company”) is pleased to announce the recovery of a 2 23 carat, high white
gem diamond (image attached), from its 100% owned Karowe Diamond Mine located in Botswana. This diamond
will be shown alongside the 240 carat and 127 carat, top white gem diamonds reported earlier this year together
with other exceptional single diamonds recently recovered from Karowe, at Lucara’s upcoming diamond tender
closing on March 7, 2019.
Eira Thomas CEO commented: “2019 is off to a great start, with several, high quality diamonds in excess of 100 carats
having been recovered by mid February, a testament to the strong, stable operating environment that has prevailed
at Karowe since late 2018 . The 127 carat, 240 carat and 223 carat gems will be made available for sale alongside
other exceptional, single diamonds at our first diamond tender of the year, closing on March 7, 2019.”
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 operates 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The information in this release is accurate at the time of distribution but may be superseded or qualified by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.
The information was submitted for publication, through the agency of the contact person set out above, at 4:30am
PST on February 19, 2019.
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CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
Certain of the statements made and contained herein and elsewhere constitute forward -looking statements as
defined in applicable secur ities laws. Generally, these forward -looking statements can be identified by the use of
forward-looking terminology such as "expects", "anticipates", "believes", "intends", "estimates", "potential",
"possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should"
occur or be achieved.
Forward-looking statements are based on the opinions and estimates of management as of the date such statements
are made, and they are subject to a number of known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to be materially different from any future
results, performance or achievement expressed or implied by such forward -looking statemen ts. The Company
believes that expectations reflected in this forward -looking information are reasonable, but no assurance can be
given that these expectations will prove to be accurate and such forward-looking information included herein should
not be unduly relied upon. In particular, this release contains forward looking information pertaining to the Lucara’s
intention to complete the sale of the 127 carat and 240 carat diamonds recovered this year in March 2019 as well
as Management’s expectation about the recovery of Specials. The value of the Company’s shares, its financial results
and its mining activities are significantly affected by the price and marketability of the diamonds recovered. The
sales price of a diamond is determined by its characteristics. While the Karowe Diamond Mine has produced a
number of large, high- value diamonds in excess of 100 carats, there is no assurance that the diamonds recovered
which are 100 carats or larger will have the characteristics required to achieve a high sales price.
There can be no assurance that such forward looking statements will prove to be accurate, as the Company's results
and future events could differ materially from those anticipated in this forward -looking information as a result of
those factors discussed in or referred to under the heading "Risks and Uncertainties"' in the Company's most recent
Annual Information Form available at http://www.sedar.com, as well as changes in general business and economic
conditions, changes in interest and foreign currency rates, the supply and demand for, deliveries of and the level
and volatility of prices of rough diamonds, costs of power and diesel, acts of foreign governments and the outcome
of legal proceedings, inaccurate geological and recoverability assumptions (including with respect to the size, grade
and recoverability of mineral reserves and resources), and unanticipated operational difficulties (including failure of
plant, equipment or processes to operate in accordance with specifications or expectations, cost escalations,
unavailability of materials and equipment, government action or delays in the receipt of government approvals,
industrial disturbances or other job actions, adverse weather conditions, and unanticipated events relating to health
safety and environmental matters).
Accordingly, readers are cautioned not to place undue reliance on these forward- looking statements which speak
only as of the date the statements were made, and the Company does not assum e any obligations to update or
revise them to reflect new events or circumstances, except as required by law.
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THE 223 CARAT DIAMOND RECOVERED FROM THE KAROWE DIAMOND MINE IN BOTSWANA