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Lucara Share Capital and Voting Rights Update

Share Capital & Compensation

March 31, 2022

PRESS RELEASE

LUCARA SHARE CAPITAL AND VOTING RIGHTS UPDATE

VANCOUVER, March 31, 2022 /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 vesting of employee share units, the number of issued and outstanding shares of the

Company has increased to 453,566,923 common shares with voting rights as at March 31, 2022.

The total number of voting rights in the Company is therefore 453,566,923. 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 c hange 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:

Tetiana Konstantynivska 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 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.

The information in this release is accurate at the time of distribution but may be superseded or qualified

by 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 4:00 PM Pacific Time on March 31, 2022.