Lucara 2016 Fourth Quarter Results to be Released February 16, 2017

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 6, 2017) - Lucara Diamond Corp. ("Lucara" or the "Company") (LUC.TO)(LUC.TO)(NASDAQ OMX Stockholm:LUC) is pleased to announce that it will be publishing its 2016 Fourth Quarter results on Thursday, February 16, 2017, after the market close in North America.

The Company will host a conference call to discuss the results on Friday, February 17, 2017, at 6:00 a.m. Pacific, 9:00 a.m. Eastern, 3:00 p.m. CET.

Please call in 10 minutes before the conference call starts and stay on the line (an operator will be available to assist you).

Conference ID: 68842709 / Lucara Diamond

Dial-In Numbers:

Toll-Free Participant Dial-In North America: +1-866-521-4884

All International Participant Dial-In: +1-647-427-2306

To view the live webcast presentation, please log on using this direct link:
http://edge.media-server.com/m/p/qm6wj5ab

The presentation slideshow will also be available in PDF format for download from the Lucara website www.lucaradiamond.com before the conference call.

A replay of the telephone conference will be available two hours after the completion of the call until February 24, 2017.

Replay number (Toll Free North America): +1-855-859-2056

Replay number (International): +1-404-537-3406

The pass code for the replay is: 68842709

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The information in this release is accurate at the time of distribution but may be superseded or qualified by subsequent news releases.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 EU Market Abuse Regulation and the Securities Markets Act. This information was submitted for public release by the above person(s) on February 6, 2017 at 7:30 p.m. Pacific Standard 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.