VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 31, 2017) - Lucara Diamond Corp. ("Lucara" or the "Company")
(TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX Stockholm:LUC) reports the following in accordance with the Swedish Financial
Instruments Trading Act:
As a result of the exercise of employee stock options from March 1, 2017 to date, the number of issued and outstanding shares
of the Company has increased to 382,446,001 common shares with voting rights as at March 31, 2017.
On behalf of the Board,
William Lamb, President and CEO
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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 good international practices in the areas of 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The information in this release is accurate at the time of distribution but may be superseded or qualified by subsequent news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 in this release is subject to the disclosure requirements of Lucara Diamond Corp. under the Swedish Financial
Instruments Trading Act. This information was publicly communicated on March 31, 2017 at 2:45 p.m. Pacific Time.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
Certain of the statements made and contained herein and elsewhere constitute forward-looking statements as defined in
applicable securities laws. Generally, these forward-looking statements can be identified by the use of forward-looking
terminology such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar
expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or achieved.
Forward looking statements are based on the opinions and estimates of management as of the date such statements are made, and
they are subject to a number of known and unknown risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different from any future results, performance or achievement
expressed or implied by such forward-looking statements. The Company believes that expectations reflected in this forward-looking
information are reasonable but no assurance can be given that these expectations will prove to be correct and such
forward-looking information included herein should not be unduly relied upon. In particular, this release may contain forward
looking information pertaining to the following: the estimates of the Company's mineral reserves and resources; estimates of the
Company's production and sales volumes for the Karowe Mine; estimated costs for capital expenditures related to the Karowe Mine,
start-up, exploration and development plans and objectives, production costs, exploration and development expenditures and
reclamation costs; expectation of diamond price and changes to foreign currency exchange rate; expectations regarding the need to
raise capital; possible impacts of disputes or litigation and other risks and uncertainties describe under "Risks and
Uncertainties" as disclosed in the Company's most recent Annual Information Form.
There can be no assurance that such statements will prove to be accurate, as the Company's results and future events could
differ materially from those anticipated in this forward-looking information as a result of those factors discussed in or
referred to under the heading "Risk and Uncertainties" in the Company's most recent Annual Information Form available at http://www.sedar.com, as well as changes in general business and economic conditions,
changes in interest and foreign currency rates, the supply and demand for, deliveries of and the level and volatility of prices
of rough diamonds, costs and availability of power and diesel, acts of foreign governments and the outcome of legal proceedings,
inaccurate geological and recoverability assumptions (including with respect to the size, grade and recoverability of mineral
reserves and resources), and unanticipated operational difficulties (including failure of plant, equipment or processes to
operate in accordance with specifications or expectations, cost escalations, unavailability of materials and equipment,
government action or delays in the receipt of government approvals, industrial disturbances or other job actions, adverse weather
conditions, and unanticipated events relating to health safety and environmental matters).
Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the
date the statements were made, and the Company does not assume any obligations to update or revise them to reflect new events or
circumstances, except as required by law.