Lucara Share Capital and Voting Rights Update

February 28, 2019

PRESS RELEASE

Lucara Share Capital and Voting Rights Update

VANCOUVER, February 28, 2109 /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 from February 26, 2019, the number of issued

and outstanding shares of the Company has increased to 396,732,049 common shares with

voting rights as at February 28, 2019.

The total number of voting rights in the Company is therefore 396,732,049. This figure may be

used by shareholders as the denominator for the calculatio n 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 & Public Relations +1 604 689-7842 [email protected]

Sweden: Ulrika Häggroth, Investor Relations +46 70 298 6001 [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 se cure, 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The information in this release is accurate at the time of distribution but may be superseded or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.

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The information in this release is subject to the disclosure requirements of the Company under

the EU Market Abuse Regulation. This information was publicly communicated on February 28,

2019 at 1:15pm Pacific Time.