Mr. Patrick Evans reports

GAHCHO KUE JOINT VENTURE AND LUTSEL K'E DENE FIRST NATION SIGN IMPACT BENEFIT AGREEMENT

De Beers Canada Inc., Mountain Province Diamonds Inc. and Lutsel K'e Dene First Nation have entered into an impact benefit agreement (IBA) for the proposed Gahcho Kue diamond mine, a joint venture of De Beers (51 per cent) and Mountain Province Diamonds (49 per cent). De Beers is the operator of the Gahcho Kue project.

The IBA puts in place a framework for De Beers, as operator, and the Lutsel K'e Dene First Nation to work together over the life of the mine, with a particular focus on participation by the Lutsel K'e Dene First Nation in the opportunities that the construction and operation of the mine will provide.

"If we work together with the other first nations, then we will be powerful," said Chief Felix Lockhart. "This agreement ensures that we have our families out on the land, using our land. We are shaping resource development the way we want it, according to first nations. We are going to be monitoring it."

The IBA provides both respect for the culture, and certainty that training, employment and business opportunities are made available to Lutsel K'e Dene members, including financial provisions necessary for ensuring fair participation in opportunities the project will provide.

"Responsible and sustainable development is a priority for De Beers," said Glen Koropchuk, chief operating officer for De Beers in Canada. "Our relationship with Lutsel K'e is important to us, and this impact benefit agreement confirms our commitment to work together for the benefit of Lutsel K'e Dene First Nation members, as we advance the Gahcho Kue project and build a mine."

Gahcho Kue will employ close to 700 people during the two years of construction and approximately 400 people during its operational phase.

Gahcho Kue is located 280 kilometres northeast of Yellowknife, NWT.

The agreement was signed in Lutsel K'e on Thursday, July 17, 2014.

About the De Beers group of companies

De Beers is a member of the Anglo American PLC group. Established in 1888, De Beers is the world's leading diamond company with unrivalled expertise in the exploration, mining and marketing of diamonds. Together with its joint venture partners, De Beers employs more than 20,000 people (directly and as contractors) across the diamond pipeline and is the world's largest diamond producer by value, with mining operations in Botswana, Canada, Namibia and South Africa. As part of the company's operating philosophy, the people of De Beers are committed to living up to diamonds by making a lasting contribution to the communities in which they live and work, and transforming natural resources into shared national wealth. For further information about De Beers, visit the De Beers group website.

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