VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 28, 2008) - Lucara Diamond Corp. ("Lucara" or "the Company") (CNQ:LUCA) is pleased to announce the appointment of William Lamb as General Manager of the Company, which currently has operations in Lesotho.
Mr. Lamb has a Masters of Business Administration and brings to the Company over two decades of experience in the mining and mineral processing industry with particular expertise in the diamond sector. Before joining Lucara, Mr. Lamb was the Process Plant Manager for De Beers Canada where he held senior level responsibilities, including the management and operation of the Victor Diamond Mine in Northern Ontario.
Lukas Lundin, President and CEO of Lucara, commented, "William is very highly regarded and respected in the diamond mining industry, and we are very impressed with his accomplishments throughout his career at De Beers. We very much look forward to working with him at the Mothae Diamond Project and beyond as we build Lucara into a significant diamond producer in Africa."
Lucara has granted 100,000 incentive stock options to Mr. Lamb. The options are exercisable, subject to vesting provisions, over a period of three years at a price of Cdn $0.90.
On Behalf of the Board,
Lukas H. Lundin, President
Forward-looking statements: This press release contains statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events and management's capacity to execute and implement its future plans. Actual results may differ materially from those projected by management.