Mr. David Hodge reports

PRIMA DIAMOND CORP. ANNOUNCES RESULTS OF ITS ANNUAL GENERAL AND SPECIAL MEETING

Prima Diamond Corp. has released results from its annual general and special meeting held on March 21, 2016, in Vancouver, B.C., Canada.

A total of 15,807,750 common shares (48.32 per cent of the outstanding shares) were represented at the meeting.

Each of the director nominees proposed by management for election was elected by 100 per cent of the votes that was cast. Dusan Berka, Sean Charland, Darryl Jones and Foster Wilson were elected to the board of directors.

Mr. Wilson and Mr. Jones are new directors of the company. Mr. Wilson has over 30 years of experience in exploration and development, ranging from reserve drilling and estimation, feasibility studies, mine permitting, and development. He has worked in various capacities for Placer Dome Inc., Echo Bay Mines Ltd., American Bonanza Gold Corp. and various junior exploration companies.

Mr. Jones has over 12 years of capital market experience and an established financial network. Prior to joining the company, Mr. Jones was an investment adviser with PI Financial Corp. Canada and Raymond James Ltd. Canada. He was responsible for raising significant risk capital for growth companies in all sectors, with a particular focus on natural resources. Mr. Jones brings a network of contact within the financial community from across North America and Europe.

At the meeting, shareholders also approved the following resolutions:

• Appointment of MNP LLP, chartered accountants, as auditor for the ensuing year and authorizing the directors to fix its remuneration;
• Approval of the 2016 stock option plan;
• Approval to consolidate the share capital of the company on the basis of five preconsolidated common shares for every one postconsolidated common share;
• Adoption of new articles of incorporation of the company, as set out in the management information circular as filed on SEDAR;
• Adoption of advance-notice provisions to the new articles of the company.

We seek Safe Harbor.