2014 News Releases

October 31, 2014

Updated Share Capital and Voting Rights for Lucara

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 31, 2014) - Lucara Diamond Corp. (TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX Stockholm:LUC) ("Lucara" or the "Company") -

In accordance with the Swedish Financial Instruments Trading Act, Lucara announces the following:

As a result of the exercise of employee stock options, as at October 31, 2014, the number of issued and outstanding shares of the Company is 379,150,746 common shares with voting rights.

On behalf of the Board,

William Lamb, President and CEO

About Lucara

Lucara is a well positioned new diamond producer. The Company has an experienced board and management team with extensive diamond development and operations expertise. The Company's two key assets are the Karowe Mine in Botswana and the Mothae Project in Lesotho. The 100% owned Karowe Mine is in production. The 75% owned Mothae Project has completed its trial mining program.

Information in this release is accurate at the time of distribution but may be superseded or qualified by subsequent news releases.