LUCARA RECOVERS A 327 CARAT DIAMOND FROM KAROWE Exceptional stone tender scheduled for June 2018
NEWS RELEASE
LUCARA RECOVERS A 327 CARAT DIAMOND FROM KAROWE
Exceptional stone tender scheduled for June 2018
April 26, 2018 (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm) Lucara Diamond Corp. (“Lucara” or the
“Company”) is very pleased to announce the recovery of a 327 carat, top white gem diamond (picture attached),
from its 100% owned Karowe Diamond Mine located in Botswana. Eight diamonds greater than 100 carats have
now been recovered at Karowe since the beginning of the year, including the 472 carat diamond announced
earlier this month (see press release of April 12, 2018).
Lucara also wishes to announce its intention to hold an Exceptional Stone Tender (EST) in June 2018 that will
include for sale the 327 and the 472 carat diamonds , alongside other qualifying diamonds that have been
recovered since the start of the year . Viewings will be held in Gab orone, Botswana between June 10 and June
19 with the tender scheduled to close at 4 pm CET on June 19, 2018.
On behalf of the Board,
Eira Thomas
Chief Executive Officer
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For further information, please contact:
Lucara: Investor 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.
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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The i nformation in this release is accurate at the time of distribution but may be superseded or qualified by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. This information was publicly communicated on April 26 at 5:00 a.m. Pacific Time.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
Certain of the statements made and contained herein and elsewhere constitute forward- looking statements
as defined in applicable securities 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
statements. The Company believes that expectations re flected 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 may contain
forward looking information pertaining to the following: the estimates of the Company’s mineral reserve and
resources; estimates of the Company’s production and sales volumes for the Karowe Mine; processing
capabilities, recovery rates, cash flows and sales volumes for the Karowe Mine, including the potential effect
of the development and integration of the proposed underground mine at Karowe on production, sales volumes
and the expected LOM; estimated costs to construct the proposed Karowe underground development and the
timelines associated therewith; expected exploration and development expenditures and expected
reclamation costs at the Karowe Mine including associated plans, objectives and economic estimates ;
expectation of diamond prices and changes to foreign currency exchange rate; expectations regarding the
need to raise capital; possible impacts of disputes or litigation and other forward looking information .
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 weat her 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 assume any obligations to
update or revise them to reflect new events or circumstances, except as required by law.
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