Lucara Share Capital and Voting Rights Update

NEWS RELEASE

Lucara Share Capital and Voting Rights Update

VANCOUVER, August 31, 2018 /CNW/ - (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 grants, exercises and cancellations of employee stock options from August 1, 2018 to date, the number

of issued and outstanding shares of th e Company has increased to 396,509,387 common shares with voting rights

as at August 31, 2018.

The total number of voting rights in the Company is therefore 396,509,387. This figure may be used by shareholders

as the denominator for the calculation by whi ch 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

President and Chief Executive Officer

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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 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 modern ize 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The information in this release is accurate at the time of distribution but may be superseded or qualified by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 Company is obliged to make this information public pursuant to the Swedish Financial Instruments Trading Act.

This information was submitted for publication on August 31, 2018 at 1:30 p.m. Pacific Time through the contact

persons set out above.