Lucara Diamond Corp: LUCARA DIAMOND FILES UPDATED TECHNICAL REPORT ON SEDAR

December 15, 2017 (LUC - TSX, LUC - BSE, LUC -Nasdaq Stockholm).  Lucara
Diamond Corp. ("Lucara" or the "Company") reports that an updated NI 43-101
Technical Report for the Company's Karowe Mine in Botswana has been filed today
on SEDAR (www.sedar.com). The filing of the report follows the November 2, 2017
press release announcing the "Positive Preliminary Economic Assessment (PEA)
for Karowe Underground". 

On behalf of the Board,

William Lamb
President and CEO

Lucara Diamond on Facebook

Lucara Diamond on Twitter

Lucara Diamond on Google+

Lucara Diamond on Instagram

For further information, please contact:

Lucara: Michelle Fyfe, Investor Relations          [phone],
[e-mail] 

Sweden: Robert Eriksson, Investor Relations   [phone], [e-mail]

UK: Louise Mason, Citigate Dewe Rogerson    [phone],
[e-mail] 

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 international best practices in the areas of sustainability, 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be superseded or qualified by subsequent news releases.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
the Company under the EU Market Abuse Regulation and the Swedish Securities
Market Act. This information was publicly communicated on December 15, 2017 at
2:30 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 be 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 accurate
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
reserve and resources; estimates of the Company's production and sales volumes
for the Karowe Mine; processing capabilities, recovery rates, cash flows and
sales volumes for the Karowe Mine, including the potential effect of the
development and integration of the proposed underground mine at Karowe on
production, sales volumes and the expected LOM; estimated costs to construct
the proposed Karowe underground development and the timelines associated
therewith; expected exploration and development expenditures and expected
reclamation costs at the Karowe Mine including associated plans, objectives and
economic estimates; expectation of diamond prices and changes to foreign
currency exchange rate; expectations regarding the need to raise capital;
possible impacts of disputes or litigation and other forward looking
information. 

There can be no assurance that such forward looking 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 "Risks 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 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. 

?

Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=657281