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Updated Share Capital and Voting Rights for Lucara

Share Capital & Compensation

NEWS RELEASE

UPDATED SHARE CAPITAL AND VOTING RIGHTS FOR LUCARA

July 31, 2014 (LUC – TSX, LUC – BSE, LUC – NASDAQ OMX Stockholm) Lucara Diamond Corp. ("Lucara" or the "Company") announces that in accordance with the Swedish Financial Instruments Trading Act, Lucara announces the following:

As a result of the exercise of employee stock options, as at July 31, 2014, the number of issued and outstanding shares of the Company is 378,984,414 common shares with voting rights.

For further information, please contact:

Sophia Shane, Corporate Development +1 (604) 689-7842 Robert Eriksson, Investor Relations, Sweden +46 701-112615