Lucara Share Capital and Voting Rights Update

NEWS RELEASE

LUCARA SHARE CAPITAL AND VOTING RIGHTS UPDATE

March 29, 2018 (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm) Lucara Diamond Corp. ("Lucara"

or the "Company") reports the following in accordance with the Swedish Financial Instruments Trading Act:

As a result of the acquisition of Clara Diamond Solutions Corporation announced on February 25, 2018, the

number of issued and outstanding shares of the Company has increased to 395,719,334 common shares

with voting rights as at March 29, 2018.

The total number of voting rights in the Company is therefore 395,719,334. This figure may be used by

shareholders as the denominator for the calculation by which they will determine if they are required to notify

their interest in, or a change in their interest in, the Company under the Swedish Financial Instruments Trading

Act on disclosure of major shareholdings (Transparency Rules).

Eira Thomas

Chief Executive Officer

Lucara Diamond on Facebook: https://www.facebook.com/LucaraDiamond/

Lucara Diamond on Twitter: https://twitter.com/LucaraDiamond

Lucara Diamond on LinkedIn: https://www.linkedin.com/company/lucara-diamond-corp-

Lucara Diamond on Google+: https://plus.google.com/+LucaradiamondCorporation

Lucara Diamond on Instagram: https://www.instagram.com/lucaradiamond/

For further information, please contact:

Investor and Public 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 saf ety, 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The information in this release is accurate at the time of distribution but may be superseded or qualified by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 Company Is obliged to make this information public pursuant to the Swedish Financial Instruments Trading

Act. This information was submitted for publication on March 29, 2018 at 3:00 p.m. Pacific Time through the

contact persons set out above