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Lithoquest Diamonds Inc. Commences Field Work on the North Kimberley Diamond Project

Exploration Programs

NEWS RELEASE

December 06, 2017

Shares Issued and Outstanding: 45,911,963

TSX-V: LDI

Lithoquest Diamonds Inc. Commences Field Work on the North Kimberley Diamond Project

VANCOUVER, B.C., December 06, 2017 – Lithoquest Diamonds Inc. (TSX-V: LDI) (“Lithoquest”, the

“Company”) today announced that it has commenced field work on its 100% owned North Kimberley

Diamond Project located in northwestern Australia.

The field program will focus on the four highest priority targets where composite rock samples of

suspected (weathered) kimberlite were collected in April, 2017 yielded Kimberlite Indicator Minerals. Work

will include ground magnetic and gravity surveys, geologic mapping, and the collection of additional

composite rock samples.

“The information obtained from this program will help to define the targets in preparation for drilling in

2018,” stated Bruce Counts, President and CEO of Lithoquest. “The data will also assist in determining

the most effective tools for identifying additional kimberlite targets on the property.”

The petrology of the rock samples will be analysed in combination with petrographic studies to further

define the occurrences of apparent “weathered” kimberlite. Final results from the data collected during the

program are expected in Q1 of 2018.

Qualified Person

The technical contents of this news release have been reviewed and approved by Bruce Counts, P. Geo.,

President, CEO and Director of Lithoquest Diamonds Inc. and Qualified Person under National Instrument

43-101.

About Lithoquest Diamonds Inc.

Lithoquest is a Canadian diamond exploration company focused on the discovery and development of

economic diamond deposits on its 100%-owned North Kimberley Diamond Project located in Western

Australia, approximately 65km east of the community of Kalumburu.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or

accuracy of this release.

FORWARD LOOKING INFORMATION

This news release includes certain information that may constitute “forward-looking information” under

applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the

Company’s strategic plans, future operations, future work programs and objectives. Forward-looking

information is necessarily based upon a number of estimates and assumptions that, while considered

reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause

the actual results and future events to differ materially from those expressed or implied by such forward-

looking information. There can be no assurance that such information will prove to be accurate, as actual

results and future events could differ materially from those anticipated in such information. Accordingly,

readers should not place undue reliance on forward-looking information. All forward-looking information

contained in this press release is given as of the date hereof and is based upon the opinions and

estimates of management and information available to management as at the date hereof. The Company

disclaims any intention or obligation to update or revise any forward-looking information, whether as a

result of new information, future events or otherwise, except as required by law.

For further information, please contact:

Lithoquest Diamonds Inc.

Bruce Counts, President and CEO

+1 (778) 373-1485

[email protected]