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LUC.TO ·

VANCOUVER, April 11, 2109 /CNW/ - (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm)

Corporate Updates

April 11, 2019

PRESS RELEASE

LUCARA ANNUAL GENERAL MEETING TO BE HELD MAY 10, 2019

VANCOUVER, April 11, 2109 /CNW/ - (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm)

Lucara Diamond Corp. ("Lucara" or the "Company") announces that its Annual General Meeting

of Shareholders will be held at Suite 4000, 199 Bay Street, Toronto, Ontario, M5L 1A9 on Friday,

May 10, 2019, at 2:00 p.m. Eastern Standard Time (11:00 am Pacific), for the

following purposes:

1. To receive the audited consolidated financial statements for the year ended December

31, 2018, together with the report of the auditors;

2. To reappoint the auditor for the upcoming year and to authorize the directors to fix

their remuneration;

3. To elect directors for the upcoming year;

4. To pass an ordinary resolution to approve unallocated options under the Corporation’s

stock option plan and to approve certain amendments to the stock option plan;

5. To adopt an advisory resolution on executive compensation; and

6. To transact such further or other business as may properly come before the Meeting.

The record date for the Annual General Meeting is March 27 , 2019. The Notice of Meeting, the

accompanying Management Proxy Circular and related meeting materials are now available

under the Company's profile on SEDAR at www.sedar.com and on the Company’s website at

www.lucaradiamond.com.

HOW TO VOTE IF YOUR SECURITIES TRADE ON THE NASDAQ STOCKHOLM

EXCHANGE

The information in this section is of significance to shareholders who hold their sec urities

(“Euroclear Registered Securities”) through Euroclear Sweden AB, which securities trade on

the Nasdaq Stockholm Exchange. Shareholders who hold Euroclear Registered Securities are

not registered holders of voting securities for the purposes of voti ng at the Meeting. Instead,

Euroclear Registered Securities are registered under CDS & Co., the registration name of the

Canadian Depositary for Securities. Holders of Euroclear Registered Securities will receive a

Form of Proxy (the “Swedish Proxy”) by mail directly from Computershare AB

(“Computershare Sweden”). The Swedish Proxy cannot be used to vote securities directly at

the Meeting. Instead, the Swedish Proxy must be completed and returned to Computershare

Sweden, strictly in accordance with the instructions and deadlines that will be described in the

instructions provided with the Swedish Proxy.

On behalf of the Board,

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 w ith 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 secure, 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.

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 April 11, 2019

at 7:00 am Pacific Time.