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Lucara Share Capital and Voting Rights Update

Share Capital & Compensation

July 30, 2021

PRESS RELEASE

LUCARA SHARE CAPITAL AND VOTING RIGHTS UPDATE

VANCOUVER, July 30, 2021 /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 the equity financing announced on July 15, 2021 (link to the news release), as well as a result of the

vesting of employee share units, the number of issued and outstanding shares of the Company has increased to

453,034,981 common shares with voting rights as at July 31, 2021.

The total number of voting rights in the Company is therefore 453,034,981. 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

President and Chief Executive Officer

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For further information, please contact:

Investor Relations & Communications

+1 604 674 0272| [email protected]

Sweden Robert Eriksson, Investor Relations & Public Relations

+46 701 112615 | [email protected]

UK Public Relations Charles Vivian / Jos Simson, Tavistock

+44 79 772 97903 | [email protected]

ABOUT LUCARA

Lucara is a leading inde pendent 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.

The information in this release is accurate at the time of distribution but may be superseded or qualified b y

subsequent news releases.

This information is information that Lucara is obliged to make public pursuant to the Swedish Financial Instruments

Trading Act. The information was submitted for publication, through the agency of the contact persons set out

above, at 6:00 AM Pacific Time on July 30, 2021.