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LUC.TO ·

Lucara to Hold a Virtual Town Hall Meeting ON June 9, 2021

Corporate Updates

June 2, 2021

PRESS RELEASE

LUCARA TO HOLD A VIRTUAL TOWN HALL MEETING ON JUNE 9, 2021

VANCOUVER, June 2, 2021 /CNW/ - (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm)

Lucara Diamond Corp. (“Lucara” or the “Company”) is pleased to announce that Eira Thomas, President and CEO,

will be presenting at a Virtual Town Hall meeting for investors, on Wednesday, June 9, 2021, at 12:00 EST / 5:00pm

BST / 6:00 pm CET.

The Company published its first quarter 2021 results on May 6, 2021 (link to press release), marking a strong quarter

for operational and financial performance. In addition, the Company announced credit approved commitments for

senior debt facilities of up to US$220 Million for the proposed Underground Expansion Project at the Karowe Mine,

which would len gthen Karowe’s mine life from 2025 to at least 2040. Earlier this year, Lucara extended its novel

supply agreement with HB Antwerp by 24-months, in respect of all diamonds produced in excess of 10.8 carats in

size, from the Karowe mine, to be sold as polished. The Karowe mine remains one of the world’s highest margin

diamond mines yielding 4 of the 10 largest diamonds in recorded history, including the 1,758 carat Sewel ô, the

largest diamond recovered from Botswana, and the 1,109 Lesedi La Rona which sold for US$53 million.

Register for the live Lucara Town Hall event here: Link. A copy of the presentation will also be available on the

Company's website: https://lucaradiamond.com.

Eira Thomas

President and Chief Executive Officer

Follow Lucara Diamond on Facebook, Twitter, Instagram, and LinkedIn

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 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.

The information was submitted for publication, through the agency of the contact person set out above, at 6:30 a.m.

Pacific Time on June 2, 2021.