Lucara Reports Voting Results from Annual Meeting V

May 10, 2019

PRESS RELEASE

LUCARA REPORTS VOTING RESULTS FROM ANNUAL MEETING

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ANCOUVER, May 10, 2019 /CNW/ - (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm)

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cara Diamond Corp. (“Lucara” or the “Company”) held its Annual General & Special meeting

of shareholders in Toronto, Ontario today. Shareholders voted as follows on the matters before

the meeting:

Board Members

Shareholders elected the following 7 board members with shareholders represented at the

meeting voting in favour of individual directors as follows:

Director Votes For %

Richard Clark 173,307,697 93.10

Paul Conibear 182,433,596 98.00

Brian Edgar 178,027,506 95.63

Marie Inkster 183,996,374 98.84

Lukas Lundin 164,012,599 88.10

Catherine McLeod-Seltzer 180,807,885 97.12

Eira Thomas 182,327,603 97.94

Appointment of Auditors

Shareholders re-appointed PricewaterhouseCoopers LLP as Lucara’s auditors.

Stock Option Plan

The unallocated options under the Corporation’s stock option plan , as well as certain

amendments of the Plan as disclosed in Lucara’s management proxy circular dated April 11,

2019 were approved by Shareholders with 84.62% of shares represented at the meeting voting

in favour.

Advisory Resolution on Executive Compensation

Management’s approach to executive compensation , also disclosed in Lucara’s management

proxy circular dated April 11 , 201 9 was approved with 86.12 % of shares represented at the

meeting voting in favour.

E

ira Thomas

President and Chief Executive Officer

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or 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]

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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, on May 10, 2019 at 3:45pm Pacific Time.